At the close of trading on March 18, 41 stocks in the banking sector rose and 1 stock fell. Among the 76 industry sectors, banks ranked 20th, led by coal mining and processing, building decoration, and building materials, and led by electronic chemicals, computer equipment, semiconductors and components. The Shanghai Stock Exchange rose 1.12%, the Shenzhen Stock Exchange rose 0.31%, the ChiNext Board rose 0.11%, and the banking sector rose 1.8%, closing at 907.57 points.
In the morning and afternoon, the banking sector has come out of a completely different market, and the morning market is half dead and sluggish. The afternoon market belongs to the excitement of youth, singing and advancing. Today's banking sector outperformed the broader market, but when put into perspective this week, it may be a little weaker.
The banking sector fell two days this week, up three days, and fell 1.22% cumulatively.
The Shanghai Composite Index fell 1.77% this week, the Shenzhen Component Index fell 0.95% this week, and the ChiNext Index rose 1.81% this week. In contrast, the banking sector performed averagely, outperforming only the Shanghai Composite Index.
In the first two days of the week, the broader market fell sharply, and the banking sector ranked first, and the decline was relatively not so large. In the last three days, when the market reversed, the banking sector rebounded significantly weaker than the Shenzhen Composite Index and the ChiNext Index. This is also very much in line with the stability of the banking sector.
Seeing today's index, many people began to laugh at me again: "What? Got punched in the face again, right? Didn't you say it would take months to rise above 900 points? Now the banking sector is up to 900 points so fast. ”
I have to admit that the banking sector is recovering faster than I could have imagined. But I still firmly believe that the banking sector needs a period of time to recover, don't look at the current rise, sooner or later there will be a correction.
Let's review the trend in March 2020.
It reached the bottom of 852.09 points on March 23, 2020, and has since oscillated all the way below 900 points, only to 900 points on July 1. Now, the banking sector is a bottom shock between March 24 and July 1. However, at that time, every time the banking sector rose by a certain extent, especially when there was a continuous rise, people thought that the banking sector was about to take off. The reality is that the banking sector has disappointed bank stock investors for more than three months.
For example, from March 24 to March 27, the banking sector has a good increase, from 852.09 points to 882.76 points, a cumulative increase of 3.6% in four days.
This time, the lowest point in the banking sector was 864.38 points on March 15. As of the close of trading on March 8, the banking sector rose to 907.57 points, a cumulative increase of 4.99% in three days.
Next Monday, it is difficult to say how the banking sector will go, if it is unfortunate to fall, we must not be surprised, this is a very normal recovery period.
I still adhere to the previous view, the recovery of the banking sector will take time, in the process of recovery, ups and downs are normal. Want to rush to 950 points may take quite a while, a month? Two months? No one can say for sure.
It has risen so much in the past few days, and one thing is almost certain, the entire downward trend of the banking sector and even the broader market has stopped. At this time, if the position is increased, even if there is a decline, the amplitude will not be very large. What we have to do is to wait patiently for the opportunity to get on the car, not to chase up, not to kill the fall, even if it is less profitable, can not lose money.
Of course, these are most of the cases I am talking about, and there is a class of stocks that may not be too hesitant to increase their positions, and the low-price opportunity may be fleeting. These are the bank stocks that have good fundamentals in the near future, especially in late March.
High-quality bank stocks basically come with red envelopes when they release their annual reports. This wave of markets may need to be laid out in advance. I have summarized the expected release time of this year's annual report and the rise and fall of the stock price at the time of the release of last year's annual report as follows, for your reference only:
It is clear from the table above that as long as the bank's performance is good, it will rise on the day. However, if the performance announced by this bank is not satisfactory, the market is also merciless, like Minsheng Bank and Xiamen Bank have fallen when they released their annual reports.
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