On February 2, the index did not fall trend continued yesterday killed, instead of opening the rebound rally, recovered in 5-day moving average on the 2,700-point and station. Dongfang IC
The last week before the Spring Festival, red envelopes can be expanded? On February 2, the index did not fall trend continued yesterday killed, instead of opening the rebound rally, recovered in 5-day moving average on the 2,700-point and station.
Up close, the Shanghai composite index at 2749.57, or 2.26%; the gem at 2075.29, or 4.15%. There were 120 stock trading between the two cities, no stocks fell.
On the following day after hit a new low for the year, transaction zoom on the two cities on the day, total volume was 403.2 billion, 158.9 billion in Shanghai and Shenzhen 244.3 billion.
Complex: the aerospace industry take the lead tug, theme unit full flowering
Earlier on the day, Shanghai and Shenzhen stock markets opened mixed, rebounded early collective military plates, CNAC photoelectric lead limit, direct satellite, China shares, gainers.
On the news, February 1, XI Jinping, General Secretary of the CPC Central Committee, State President, Chairman of the Central Military Commission, southern to the Eastern theater, theatre, Central Northern Western Theatre, theatre, Theatre Award flag and issued instructions.
In addition, the aerospace sector strong lead, leading stocks shot up 2,700 points.
Beijing, February 1, 15:29, from the Xichang satellite launch Center in China with long third c carrier rocket successfully launched the fifth generation Beidou navigation satellite, marked the Beidou system global network made a solid step forward. SFC fusing mechanisms of negative effects than
The other side, small theme unit comprehensive strength, Spike led the gem 5%. Under the influence of Spring Festival approaching, electronic payment sector performs strongly, zhengtong, Tianyu information trading. Large data, such as satellite navigation plate or close to 6%.
Near midday’s close, try for nuclear power plate group, China first heavy, good electricity shares line limit.
Open in the afternoon, high shock occurs after a short-lived decline between the two cities, hot wheels support index strong again. Real estate comprehensive high, holding, forbidden city Ningbo Fuda, Pearl River holdings, Dalian friendship, culture, Crown jiakai city limit.
The other side, lift trading boom online game concept, century China, Qing Bao, CIS-NET technology 12 stock trading. In addition, the ghost shares return, Adams took the lead, double money trading in shares, deep pool a are linear block trading.
Focus: four factors that help a shares stabilised
Insiders pointed out that, from a technical perspective, quickly pulled in early trading to break through the 5th line of repression, formed Bull trend. Light plate-taking pressure while outbreak theme unit, led stock indexes on the fast attack.
Guangzhou wanlong pointed out, the current a-share price-earnings ratio is close to 2008 calculated on a capitalization-weighted approach historic lows, especially the biggest bank stock valuations are at record lows, this will greatly blocked the a-shares dropped deep space again.
In addition, four factors boosting shares rebounded on the day.
1, strong foreign hunters wish
Data shows that January new RQFII lines a nearly 9-month high. South East funding company disclosed that on Friday, the A50 ETF RQFII ETF Fund owned the South access to nearly 400 million yuan in net purchase, for nearly two months since the largest purchase. On Thursday also found nearly 300 million yuan of the Fund’s daily net purchase.
2, two financial balances falling below 900 billion yuan
Shares of two financial balance continues to decline, falling below 900 billion yuan. Shanghai and Shenzhen Stock Exchange data show that as of February 1, the SSE financing balance of 528.384 billion yuan, down 4.65 billion yuan from the previous trading day; SSE financing balances reported 369.246 billion yuan, a decrease of 4.828 billion yuan; cities totals 897.63 billion yuan, reducing 9.478 billion yuan for the 22 trading days in a row down, and the lowest since December 8, 2014. In addition, the February 1 to display the short bear power weakened further, the market take advantage of self-help.
3, ample liquidity power shares stabilised
Western securities pointed out that, at the Central Bank after consecutive shots median price stability after the devaluation trend temporarily reversed.
In addition, the Bank continuously through the open market operations to inject liquidity into the markets, net capital since January more than trillions and statements will continue to increase around the Spring Festival of open market operations, and expanding the scope of participation of short-term liquidity adjustment facility, ample liquidity also helped shares of short-term stability.
4, banking bills, bad step by step process
China Minsheng Bank, Bank of Ningbo have issued a bulletin on the day to clarify relates to ABC 3.9 billion yuan bills. The two companies said, after verification, report says the business, are carried out among normal instruments, without using a ticket broker.
“In February, not necessary to be pessimistic”
Essence securities analyst Xu Biao notes that collapsed was valuation-fix oversold bounce probability is large, but the medium term there is still a downside risk. But on the whole in February, but not necessary to be pessimistic. At least, in February, following four aspects of the overall impact on the market was positive.
1, history, share a single months killed dropped sharply after months of basic good: index total there have been 9 one-month drop of more than 20%, removed in 1992 an exception of the a-share market was first established, the remaining 8 months after the collapse, the Shanghai composite index rise in varying degrees.
2, and Yuan exchange rate short-term more stability, risk preference continuous declined of trend or get ease: exchange rate problem for shares market of effect can from two a dimension degrees to consider: while, investors worried Yuan devaluation caused capital outflow raised domestic interest rate level to raised assets price fell, but actually, from near a months of situation view, Bank to short-term liquidity tool alternative drop associate guarantee has interest rate level of smooth.
On the other hand, RMB trend uncertainty concerned would seriously affect the market’s appetite for risk, however, as the Central Bank set the exchange rate anchor at 6.6 per cent, short-term exchange rate stability has become a more consistent expectations, investors ‘ risk appetite would probably rate stabilization.
3, a dialectic view on “underweight” problem with market declines, the reduction will also drop to the freezing point: since the beginning of regulators to do more to ban non-strict requirements, but investors are still worried about the supply block trading ban and increased pressure. But after the market fell sharply, and judge the sharp reduction in power is already in decline.
4, the “two sessions” will come at the beginning of March, in General, should come on in the second half under the February “two sessions” is expected.