Jinxin Fund Xu Jiongdong: The Shanghai Index fell below 3,100 points, and over 100 shares fell by the limit. What else can I see in A-share investment?
01
market outlook
Market pessimism is still strong, the market opened lower in the morning, bottomed out and rebounded, and fluctuated lower throughout the day. The CSI 300 fell below 4,000 points, and the Shanghai Composite Index fell 4.95%. More than 4,400 stocks fell in the two cities, and more than 100 stocks fell by the limit. The trading volume of Shanghai and Shenzhen stock markets exceeded one trillion today. Northbound funds continued to flow out, with a net sales of 16 billion throughout the day today. From the perspective of the disk, cyclical sectors such as coal, steel and real estate led the decline. Power equipment and computers were relatively strong, electronic ID card stocks were strong, and other sectors of the city were down.
02
market view
The economic data from January to February shows that the policy of stabilizing growth has ushered in a good start, and industrial production, investment and consumption have all rebounded. Looking ahead, in order to achieve the GDP growth target of 5.5%, we will continue to increase macroeconomic adjustment this year, and monetary and credit policies are expected to exceed expectations. Focus on sectors that benefit from stable growth policies and growth directions such as semiconductors that have a high degree of prosperity and are less affected by the economic cycle.
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