This time, after the A-share price fell to 2933 points, it has started a short-term bottoming out market, making the Shanghai Composite Index at 2950 points and 2933 points, which is likely to build a phased bottom trend. The GEM also stabilized the short-term decline at 1700 and 1740 points, indicating that the downward energy of the stock market from 3174 points is cooling.
If the Shanghai Composite Index can end the adjustment at 2933 points, it will not fall back to 2635 points, and 2933 points is the first change point after the stock market has fallen.
The GEM can support at 1700 points, and there is also hope to rise back to 1900 points, it can be understood that the current three major stock indexes, the short-term long and short competition has been at the most intense.
More importantly, the artificial intelligence sector has been large-scale, and the technology sector may be able to bring up the rise of A-shares again under the volume of artificial intelligence and the market where the technology sector of the U.S. stock market has bottomed out again.
Say a few words from your heart, A-shares may repeat history!
What Peony talked about the most in May was that the current market of A-shares is likely to be the same as in 19. The reason for this is that there are 2 messages. News 1 is that more than 350 shareholders of listed companies have announced plans to increase their holdings this year.
In addition, recently, 13 listed companies have disclosed buyback plans. Some of these leading companies, such as steel, photovoltaic, and pharmaceutical, have thrown out buybacks and shareholding plans, and it is clear that the scale of A-share buybacks is increasing.
Different from the increase in shares, as of the end of June, the number of listed companies that have issued repurchases this year has exceeded 1,800, of which 1,600 have implemented repurchases, and the repurchase amount has also hit a record high in the same period in history.
The share prices of companies with excellent performance and active buybacks will be supported. Companies with performance losses, no dividends, and no buybacks will continue to slump and will be delisted. As a result, A-share stocks have changed from the previous comprehensive general rise and comprehensive bull market to a structural market and a structural bull market.
Peony believes that if the stock price of listed companies continues to fall and does not repurchase in the context of the new delisting regulations and encouraging dividend repurchase this year, it can almost be regarded as a low investment value, and it is necessary to stay away from these risky companies to invest, and the market of the high-dividend sector will be followed.
News 2 is that the financing balance has been sold for 5 days, the amount sold in these 5 days is 20 billion yuan, and the latest trading day, the financing balance has also been sold 6.292 billion yuan, so it seems that many speculators are not optimistic about the current stock market, and continue to leave at 2950 points, which also affects the short-term trend.
From the beginning of June this year to the end of June, the financing balance was sold for 10 days, bought for 5 days, and the frequent sales were a few days at the beginning of June and a few days at the end of June, and the scale was reduced from the previous 1,487 billion yuan to 1,458.9 billion yuan, a decrease of 28.1 billion yuan.
It can be seen that the financing balance in the sale of 28 billion yuan, the amount between 20 billion yuan is in the collective sale in recent days, Peony believes that perhaps the stock market fell below 3,000 points, so that speculators on the stock market bearish sentiment warmed up.
If the sale of the financing balance continues, it is likely that institutional investors will buy the bottom at the current position, retail investors will chase the rise and fall, and institutional investors will sell high and buy low.
According to the analysis of news 1, if there are no companies participating in buybacks or increasing holdings this year, companies whose stock prices remain sluggish may make many institutional investors not optimistic and turn to invest in core assets with high dividends, so that this year's stock market will still be a structural market in the second half of the year.
News 2 shows that the financing balance is falling at a low level, but institutional investors have already shown signs of buying funds, and it is likely that the current stock market is already a market where many speculators are selling and institutions are buying.
Peony said a few words in his heart, A shares or will repeat history, 19 years of the market is also sideways after half a year of rising, this year's market, because the previous 2 years have fallen, Peony is expected to sideways for 1 or 2 months, it is possible to start the same 20 years of the second wave of upward trend.
However, from the analysis of the two news, the latter trend is still an opportunity for high-performing stocks, as well as the good fundamentals, the climbing market of large-capitalization core assets will make the stock market rise back to 3100 points faster.
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