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What happened when the volume plummeted?

What happened when the volume plummeted?

Today, A-shares have started a huge adjustment mode, and the volume has fallen sharply.

The turnover of the two cities was 1,356.7 billion yuan, the highest point in the past two years.

The huge adjustment corresponds to the intensive change of chips, and the power to sell is very strong, and the power to buy is not too weak.

At the broad-based index level, it fell across the board. Wind All A rose by -3.01%, and the CSI 300, CSI 500, CSI 1000 and CSI 2000 rose by -1.27%, -2.33%, -4.49% and -6.84% respectively. The Wind Micro Cap Index rose -9.93%.

The small and medium-sized market, which rose sharply two days ago, ushered in a sharp adjustment today. After today's sharp decline, the major broad-based indices all recorded losses in the first three trading days of the week. Among them, the CSI 2000 and Wind micro-cap stock indices rose by -2.42% and -3.84% respectively, and the green was reversed.

At the industry level, all 31 primary industries closed down today. Banks, coal, and public utilities all fell within 1 point, while computers, telecommunications, electronics, media, machinery and equipment, and automobiles fell by more than 5 percentage points. In the first three trading days of this week, only home appliances and automobiles closed up against the trend.

What happened when the volume plummeted?

Combined with the ups and downs of the industry, the TMT sector and the technology sector ushered in an adjustment, and profits flowed out rapidly. Medium and long-term funds, national teams, and industry leaders favored by foreign investors still have strong support, indicating that these funds are still flowing in.

Throughout the day, northbound funds bought a net of 1.34 billion yuan, becoming a retrograde in the A-share market.

Short-term profit orders are selling, medium and long-term funds, national teams, and foreign capital are still buying, and this kind of chip exchange eliminates the instability within the market, which is a good thing for the subsequent market stability.

In this sense, today's market can still be positioned as a benign adjustment.

From a structural point of view, we continue to be optimistic about the two main lines of China Special Valuation and TMT.

There are two core catalytic factors for China Special Valuation, one is high dividends, and the other is the merger and restructuring and improvement of operating efficiency under the reform of central state-owned enterprises. At present, the dividend yield of the special valuation sector is still attractive, and the logic of the reform of central state-owned enterprises has just begun to be deduced, and it is far from the end.

At this stage, the risk appetite of funds is still low, and stable medium and long-term funds are an important source of incremental funds.

As for the TMT sector, benefiting from the rise in risk appetite, the huge imagination space of artificial intelligence has been catalyzed again, and the market of related sectors is still worth looking forward to. Adjust it in the short term and wash it to be healthier.

In addition, there are rumors that today's sharp drop is related to the restriction of DMA strategies, and the news has also been confirmed by some practitioners. Some institutions rushed ahead of time, leading to a chain reaction in the market.

True or false. Tomorrow's market is critical. According to the positioning of a benign correction, a big rally will be needed tomorrow to boost market sentiment.

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