On March 8, mainland stock markets fell on volume.
On March 8, the mainland Shanghai index, the deep into the index, the three major stock indexes of the GEM fell together, the Shanghai index fell 2.3%, a total of 3048 stocks fell in Shanghai and Shenzhen.
Comprehensive mainland media news, mainland stock markets opened higher on March 8, with the Shanghai index opening 0.66% higher, the Shenzhen index opening 0.70% higher and the GEM opening 0.60% higher. Benefit from the impact of the international oil prices rose sharply, the oil and gas sector rose, and led the non-ferrous metals, chemical and other sectors to pull the stock index upward, Shanghai and Shenzhen once rose more than 1%. However, liquor, tourism, agriculture and other consumer stocks suffered a sell-off of funds, brokerage stocks fell back to the high, the two markets in the afternoon before the closing counter fell more than 1%, the GEM is down more than 2%. After the afternoon, the two markets further down, the GEM was once down more than 5%.
By the close of the 8th, the Shanghai index fell 2.3% to 3,421.41 points, once again lost the 3,500-point barrier and approaching the 3,400-point barrier; the Science and Technology 50 index fell 4.09% to 1,275.46 points; the Shenzhen index fell 3.81% to 13,863.81 points; the GEM fell 4.98% to 2,728.84 points, the GEM has fallen more than 20% from the year’s high point, and has entered a technical bear market. It has entered a technical bear market.
Wind statistics show that 1020 stocks rose in Shanghai and Shenzhen, 3048 fell and 122 were flat. A total of 61 stocks in the two cities rose by more than 9%, 64 stocks fell by more than 9%.
Total turnover in the two markets was 979.3 billion yuan (RMB, same below), up 102.8 billion yuan from 876.5 billion yuan in the previous trading day. Among them, the Shanghai market traded 453.9 billion yuan and the Shenzhen market traded 525.4 billion yuan.
The total net outflow of northbound funds on March 8 was 8.589 billion yuan. Among them, the Shanghai Stock Exchange net outflow of 4.695 billion yuan, the Shenzhen Stock Exchange net outflow of 3.894 billion yuan.
In terms of sectors, the liquor sector again led the market decline, leading Guizhou Maotai fell more than 4%, falling below the 2000 yuan / share mark. Luzhou Laojiao, Shanxi Fenjiu, etc. fell to a halt. The defense industry sector also performed poorly, avionics power, AVIC Shenfei, AVIC West Flight, Hongdu Aviation and a large number of shares fell.
But the energy equipment sector rose to the top.
For today’s mainland stock market performance, Guotai Junan that the short-term need to wait for market sentiment stabilization. Short-term market decline to a certain extent by the impact of panic. And the index after a sustained decline in market popularity is low, the short-term trend is susceptible to market sentiment. Operation of appropriate position control, the current position is not recommended to blindly kill, patiently waiting for the market sentiment rebound.
For the market trend, Pacific Securities said, taking into account the difficulty of the subsequent policy exceeded expectations, the market in March will gradually around a quarterly report has been interpreted, the recent foreign investment and public funds of long positions in stocks have been significantly retraced, the transfer of funds will also pay more attention to the performance-driven risk-reward ratio.
Minsheng Securities believes that, due to the obvious decline after the year, the subsequent retail investors rely on the fund into the market will be much more cautious, from the perspective of the incremental capital pick-up, the market’s risk appetite will move down a step, so the valuation expansion of each sector will come to an end.
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