The stock indexes of the two cities fell across the board, the Shanghai stock index fell more than 1%, and the coal and winemaking sectors were among the top decliners

On October 27, the stock indexes of the two cities fell across the board during the session. As of press time, the Shanghai Composite Index fell by more than 1%, the Shenzhen Component Index fell by about 1.2%, and the ChiNext Index fell by about 0.9%. Wind data show that the net outflow of northbound funds is about 1.2 billion yuan.

On the disk, the coal, wine, and oil sectors have fallen sharply, the power sector has risen strongly, and the wind energy, energy storage, photovoltaic and other industrial energy sectors have all strengthened.

Guosheng Securities pointed out that since October, due to concerns about slowing economic growth and high inflation, the overall market has been under pressure and it is difficult to form a continuous upward force. However, from the perspective of recent funds, the total turnover of the two cities has exceeded one trillion yuan for three consecutive trading days, and the capital from Beijing has shown a net inflow for six consecutive trading days. The market’s enthusiasm for long-term growth continues to rebound. Therefore, when the market adjusts, it is not advisable to blindly bearish the market. At present, the market has entered the intensive disclosure period of the third quarterly report, and the performance of the new energy sector has maintained high growth and the long-term logic is difficult to be falsified, or is more favored by funds, and can actively negotiate on dips. Operationally, we should focus on grasping the rhythm of individual stocks selling high and buying low. Under the premise of controlling positions, we can gradually increase the position allocation in sectors such as medicine, consumption, finance and other industries that are fully adjusted in the previous period and have low valuations. Wait for the market to rotate, or a good choice under the current market.