This week, the Shanghai Composite Index reached a minimum of 2,904 points, and when the key point of 2,900 points was in danger, the management timely launched a measure to suspend the refinancing of securities, plugged the pipe gushing and leakage of the 2,900-point embankment, and successfully carried out the flood rescue of the stock market, once the 2,900 points were lost, the lowest point of this year at 2,635 points became the last line of defense. Fortunately, the rescue was successful at 2900 points this week, and the market was in danger.
Although the number of refinancing accounts for a small proportion of the total margin trading business, and is a fraction of the total daily trading volume of the Shanghai and Shenzhen stock exchanges, the operable underlying stocks account for a small proportion of more than 5,000 listed companies in the Shanghai and Shenzhen stock exchanges, so in the current market, the influence of the psychological aspect has been magnified, and this amplification is not only reflected in the daily trading, but also reflected in the market reaction brought about by the suspension. The handling of this suspension is also quite artistic, and it is proposed and approved by the securities company, and it is not known how long this suspension will take, but according to common sense, once it is suspended, no one will bear the responsibility of reopening.
To build a dam to prevent collapse at the 2,900 point of the Shanghai Composite Index, the key issue still depends on the quality of listed companies. Every listed company has a life cycle, whether it is a financial investment, a financial consumer, they all hope that the stocks they hold are of good quality, can continue to operate and can bring shareholders a return that can exceed the income of bank deposits, China's stock market is only more than 30 years, and the dream of a century-old store can not be verified until 70 years later, which is a luxury, that can continue to operate for 10 years, 20 years is not a luxury, and now the problem is that some companies bragged about the IPO when they were shocking. But after the lifting of the ban on the stocks, the bosses thought of their own slippery feet, because the bosses completed the entrepreneurship in the stock market, completed the original accumulation of capital, the real purpose of being a shareholder is not to be a shareholder in the future, look at the current 1 yuan, 2 yuan penny stock camp is getting bigger and bigger, as well as the market value retreat, face value withdrawal of the company expansion, the small and medium-sized shareholders suffocated in the intraday, this problem is not solved from the system, then the stock market to reflect the positive energy of China's economy in a big bull market, it has become a luxury.
The Shanghai Composite Index has built a flood control dam at 2904 points, hoping to consolidate the market foundation at this point, and also hope that this point is the lowest point in the second half of this year, and of course, it hopes to form a big W bottom with the low point of 2635 points in the first half of the year. For the time being, it is necessary to consolidate between 2904 and 3000 points, so as to consolidate the stock price base, and finally trample the 3000 integer mark under your feet. And the 3000 integer mark is also exactly the position of the semi-annual line of the Shanghai Composite Index, there is a way: five poor, six absolutely seven turn over, and the sign of seven turn over is to stand above the half-year line.
Now everyone is staring at the Shanghai Composite Index, and the protection of every integer level has become everyone's concern. In fact, the worst thing in the market is not the Shanghai Composite Index, you can look at the Beijing Stock Exchange 50 Index and the Science and Technology Innovation 50 Index, when the index was established a few years ago, they all started at 1000 points, and now they are all discounted, and these 50 indexes are still the 50 best quality weighted stocks among hundreds of stocks, which shows how far these two sectors have declined.
After the success of the market bottoming, the next need to have a self-cultivation period, this stage, is the best opportunity to capture the short-term market, this point on the fall space is not much, as long as it falls back is a good buy point, next week's semi-annual report began to shine, from the time of the introduction of the semi-annual report plus the observation of the K-line trend, but also to capture the time of individual stock differences, in the last two weeks of July, the Shanghai Composite Index jumped the first half of the line should not be a big problem, seven turn over is still worth looking forward to.
The author of this article, Mr. Ying Jianzhong's course "Investment and Financial Management", has been settled in the member service area of "Yicai Knows", click on the "
Author: Ying Jianzhong
Editor: Xu Jinhua
Producer: Wang Junji
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