Market Review

Thursday, two cities in total34Only limit up stocks, more than Wednesday4Only, natural limit up19Only;
32Only stocks hit the limit down, remained unchanged, with the highest intraday trading volume64Only limit down stocks;
Increase exceeds5%Individual stocks82Only, more than Wednesday33Only;
Excessive decline5%Individual stocks113Only, less than Wednesday on a month on month basis110Only. Accumulated transactions4270Billion, month on month increase6%。  


The Shanghai and Shenzhen stock markets opened short and opened low in the morning, quickly killing losses to lure the short, and the Shanghai Composite Index fell below3044Point support, lowest drop to3016Point, finally1.5Turning red in the hour, showing deep againV. Reversing the main force is still our focus recently: Xiong'an New Area, the Belt and Road and secondary new stocks. The Xiong'an New Area sector has seen a significant increase3%Becoming a leading sector in terms of growth;
Infrastructure, water transport and cement related to the the Belt and Road led the growth of both cities1%；
Bank stocks are no longer dragging their feet and rising0.8%Becoming an important force in boosting the index, the national team60Yijia positions in bank stocks can keep up with operations and earn deterministic returns. As of closing, the Shanghai Composite Index has recovered3060Point, ChiNext Index Withdrawal1770Points.  

DeepVReversal combined with oversold, the market is expected to enter a rebound in the short term, and the rebound position is expected to be at the annual line3091Near the point. Afterwards, to prevent another sharp drop and build a double bottom structure. It is recommended that investors take the opportunity to participate in the Xiong'an theme and secondary new stock sectors, which have the highest volatility and high short-term trading opportunities.

For reference only!