On March 24, all three major A-share indices fell more than 1%. The picture shows a securities trading floor in Zhejiang, mainland China.
On March 24, A-share Shanghai index, deep into the index, the gem index are down more than 1%, the Shanghai index fell below the 3400 mark, steel, non-ferrous, coal, building materials, chemical fiber and other cyclical stocks again sharply lower.
Comprehensive mainland media news, 24, the mainland A-share three major indices collectively jumped low, Shanghai index opened 0.51% lower, deep into the index opened 0.57% lower, the GEM index opened 0.66% lower, the Shanghai index directly fell below the 3400 point mark. Although the subsequent rebound, but the weakness of banking stocks, steel, non-ferrous and other cyclical stocks continue to be weak, the three major stock indexes closed down more than 1% at noon. After the afternoon, the two cities maintain a low level of shock trend, to close the three major stock indexes fell more than 1%.
By the end of the day, the Shanghai index was down 1.3% at 3,367.06 points; the KCI 50 index was down 1.22% at 1,221.45 points; the SZ index was down 1.47% at 13,407.35 points; and the GEM index was down 1.25% at 2,634.61 points.
Wind statistics show that the two cities 1318 up, 152 flat, 2734 down.
A total of 68 stocks in the two cities rose by more than 9%, 47 stocks fell by more than 9%.
Total turnover in Shanghai and Shenzhen was 762.3 billion yuan (RMB, same below), down 26.3 billion yuan from 788.6 billion yuan in the previous trading session. Among them, Shanghai traded 344.8 billion yuan, up 1.3 billion yuan from 343.5 billion yuan in the previous trading day, and Shenzhen traded 417.5 billion yuan.
Northbound funds had a total net inflow of 5.006 billion yuan on March 24. Among them, the Shanghai Stock Exchange net inflow of 5.5 billion yuan, the Shenzhen Stock Exchange net outflow of 494 million yuan.
From the page, the 23rd retracement of steel, non-ferrous, coal, building materials, chemical fiber and other cyclical stocks again sharply lower, shipping, hotel and restaurant, semiconductor, military, tourism, automotive, oil and other sectors are weaker; brewing sector strong up; brokerage sector pulled up higher.
For the 24th stock market, Dongwu Securities believes that the recent market is still showing alternating up and down phenomenon, plate on the high and low switch, such as the 23rd market non-ferrous, steel and medical beauty and other high varieties of obvious adjustment, on the contrary, oversold plate rebound, reflecting the market sentiment in the ebb, short-term game or will enter the end. From this week to mid-April, the market will enter the peak Time of annual report and quarterly forecast disclosure, performance will become the key variable driving the market. This year’s performance disclosure period, or will become an important window of rebound, cautious chase up.
Guosheng Securities said that the recent market repeatedly, the operation is difficult, to reduce the action quietly waiting for the wind to come.
Guotai Junan believes that the index is generally in the bottom area. Market after a sustained decline, risk factors have been released to a certain extent. The subsequent A-share market sensitivity to external negative factors will gradually reduce. From the perspective of domestic economic fundamentals, capital and other comprehensive factors, the A-share market does not have the macro conditions for a full turn to bear. At present, the Shanghai index has returned to last year’s box oscillation area, down space is limited.
Industrial Securities believes that the A-share short-term downward adjustment is too sharp, killing the emotion heavily, and needs some time to recover.
Analysts quoted by “Brokerage China” on the 23rd said that the West’s joint sanctions against the Chinese Communist Party may have affected long sentiment, especially foreign capital.
Some market participants believe the sanctions hurt risk appetite, especially for foreign investors who trade stocks through the Shanghai-Shenzhen-Hong Kong Stock Exchange.
The U.S., U.K. and Canada announced sanctions against Chinese Communist Party officials on March 22 over Xinjiang. The Canadian and British sanctions are identical to those previously imposed by the European Union, and the U.S. added two individuals who were sanctioned by the EU and were not originally on the U.S. sanctions list.
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