The third trading day of the New Year of the Ox, the three major A-share indices closed down, the GEM index fell 4.47%, according to Wind statistics, A-share market value evaporated 1.44 trillion yuan in a single day.
On Monday (February 22), the three major A-share indices fell, as of the close, the Shanghai index fell 1.45% to close at 3,642 points; the Shenzhen index fell 3.07% to close at 15,336 points; the GEM index fell 4.47% to close at 3,138 points, a single-day decline of nearly six months to a new high.
Data show that the northward capital (foreign capital) net selling 1.114 billion yuan, of which the Shanghai Stock Exchange net outflow of 492 million yuan, the Shenzhen Stock Exchange net outflow of 622 million yuan.
On the same day, liquor stocks fell en masse, Guizhou Maotai closed down 6.99%, the market value evaporated more than 210 billion yuan. In the past just 3 trading days, Guizhou Maotai shares from the highest 2627 yuan / share all the way down, fell below 2500, 2400, 2300 yuan three hurdles in a row, the latest share price has retreated to 2288.02 yuan / share, a cumulative decline of nearly 13%, 3 trading days market value shrunk by nearly 420 billion yuan, the total market value fell below 3 trillion yuan.
Since the beginning of the Year of the Ox, Guizhou Maotai’s continuous plunge has triggered heated discussions in the market, and the keyword “Maotai plunge” has continued to make its way onto the Weibo hot search list, with its hotness ranking continuing to climb.
On February 22, the alcohol index plunged 7.67%. Among them, Shanxi Fenjiu, alcoholic liquor, Bailun shares fell; Wuliangye fell more than 9%, Luzhou Laojiao, Yanghe shares fell more than 8%.
In addition to Guizhou Maotai plunged nearly 7%, the leading stocks of various industries also plunged.
Among them, the rate of Tongze Medical sealed the falling board, Hengli hydraulic close to the fall. WuXi AppTec fell more than 9%, China China Free fell nearly 9%, Oriental Fortune fell 8.66%, the United States Group, Aier Eye fell more than 7%, Shunfeng Holdings also fell nearly 7%.
According to “Shanghai Securities News” reported, from the capital data, after the yellow calendar New Year holiday, institutional capital from the previous hold assets to the cyclical sector of the trend has continued to highlight, a number of private equity said that although the medium and long-term bullish direction, but the high valuation avoidance attitude.
Huaxia Future Capital said that they systematically reduced their positions in the “core assets” sector, which is at a high valuation, and the new energy sector, which is expected to be more seriously overdrawn in the short term, before the Yellow New Year. In their view, the valuation bubble brought about by ultra-low interest rates and monetary abuse will eventually return, and they need to carefully screen the future growth capacity of high-quality companies to absorb the valuation degree. They are avoiding the high valuation brought by institutional grouping and labeling.
Jingling Investment also said that the appropriate reduction of high valuation varieties. It pointed out that the position still needs to be combined with the market environment, assess the company’s growth space, growth certainty, combined with the current valuation situation for investment arrangements.
On February 22, after-hours exchange published the LW list data show that Yanghe shares, sunshine power, alcoholic liquor in the stock price plunge at the same Time, LW list all appear institutional seat over 200 million yuan scale of large amount of selling.
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