[Pre market Pre judgment Verification] According to this trend, the GEM is expected to test the low point in December last year, but the SSE 2000 will soon stabilize next week. Therefore, after the sharp fall, the major indexes will diverge. After the slump, it will take time for market sentiment to repair. Today's annual line is At 3200, it is still going down. Next week, there will be a rebound at the annual line, and then it will fall again.
[Trend today] On February 20 (Monday), the market rose in shock throughout the day, led by the main boards of the two cities. By the end of the day, the Shanghai Index had risen 2.06%, the Shenzhen Composite Index had risen 2.03%, and the GEM Index had risen 1.28%. The total turnover of the two markets was 949.8 billion yuan, up 35.7 billion yuan from 914.1 billion yuan the previous trading day. On the basis of shrinking by 11% last Friday, Liangneng has expanded by 3.9% today.
In terms of sectors, home appliances, securities, ChatGPT, mobile games and other sectors were among the top gainers, while New Crown Pharmaceuticals, pharmaceutical commerce, traditional Chinese medicine and other sectors were among the top losers. Individual stocks rose more than fell, and more than 3800 stocks in both cities rose.
【 Funds 】 Today, the volume of energy has slightly increased by nearly 4%, and it has not reached the "trillion" level, indicating that the market is still hesitant to wait and see. Different from speculating in small cap stocks, pulling the index and the main board needs to be matched in quantity. If the main board market cannot stand up to the "trillion" trading volume, it will be difficult to last.
Wind data shows that northbound funds entered the market in the afternoon and bought 6.003 billion yuan in a net manner for three consecutive days; Among them, Shanghai Stock Connect net bought 5.804 billion yuan and Shenzhen Stock Connect net bought 199 million yuan.
Level-2 data shows that the main capital inflow of Shanghai and Shenzhen stock markets today is 13.16 billion yuan, of which the main capital inflow of Shanghai stock market is 11.5 billion yuan, and the main capital inflow of Shenzhen stock market is 1.66 billion yuan. A long lost net inflow of large orders of major institutions, especially into Shanghai Stock Exchange, has occurred.
Today, the main funds flowed into the big finance, securities, banks and other sectors, and flowed out of the medicine and biology, traditional Chinese medicine, chemical industry and other sectors, of which the big finance sector had a net inflow of 4.477 billion yuan.
In terms of individual stocks, CSCEC rose sharply, with a net purchase of main funds of 651 million yuan, and iFLYTEK, Sany Heavy Industry, XCMG, etc. were among the first to receive a net flow of main funds; Tianqi Lithium was sold more than 500 million yuan, and the net outflow of major funds such as Li Neng, Lixun Precision and Xinhua Pharmaceutical ranked first.
[Future market view] The biggest news of the weekend is that the Shanghai and Shenzhen main boards are registered today. Today, the registration of new regulations was launched, and the market rebounded from the neck line. The market is in the stage of digestion and adaptation to the new regulations.
You must understand the following changes brought about by the motherboard registration system:
1. There has been a major change in the order placement rules. For the intraday quotation, between 9:30 and 14:50, the order cannot exceed 2% of the benchmark price. If the order exceeds 2% of the declared price, the trading system will automatically judge it as invalid.
2. The new shares were changed to 500 shares, not 1000 shares.
3. The listing of new shares is the same. There is no limit on the rise and fall in the first five days. Five days later, the Shanghai and Shenzhen main boards are still 10%; There is no limit to increase in the first five days, and there is no longer a word board for every day.
4. The mainboard has a 2% order limit. That is to say, only when the price rises to 8 points can the price of a listed order rise, and more than 2% of the price of a listed order be scrapped;
5. The main board has four changes in 10 days, or the trading will be suspended after 100% fluctuation deviation in 10 days, and there is a 200% limit in 30 days, which means that there will be no big demon stocks.
6. The pricing of additional issuance and restructuring is revised to 80% of the average price of 20 days, which is conducive to the restructuring of enterprises with capital injection.
7. After the formal implementation of the registration system, the number of stocks will increase rapidly. The era of overall bull market or overall rise has passed. The future investment in stocks is based on stock selection vision and professional ability.
The full registration system will be officially implemented, which will have a significant impact on the medium and long-term ecology of the A-share market. High quality white horse blue chip, growth oriented sci-tech innovation enterprises will be more favored by funds, while the value of poor performance stocks and shell resources will continue to decline.
[Market opportunity] The registration system is a historical torrent, and we can only adapt to the historical trend. We must understand the changes of the game rules, otherwise it is difficult to win the market.
Today's market is dominated by a 2.73% jump in the Shanghai Stock Exchange 50, with 50 constituent stocks rising across the board. The surge of 50 constituent stocks also led to the collective strength of blue chip sectors such as finance, infrastructure and nonferrous metals. The relevant sectors of ChatGPT concept strengthened again in the afternoon. The three major communication operators rose collectively, and household appliance stocks performed actively. However, the pharmaceutical stocks adjusted collectively, and the direction of New Crown Pharmaceuticals led the decline, with many stocks falling more than 3%.
After the COVID-19 epidemic, the medical and beauty market is ushering in "retaliatory consumption". According to a company, the medical and aesthetic clinic of the hospital has increased by about 30% recently, which can clearly show signs of consumption recovery. Many medical and aesthetic experts also said that with the disappearance of the epidemic, the demand for medical and aesthetic consumption showed a trend of vigorous growth.
According to Frost Sullivan data, the size of China's medical beauty market increased from 99.3 billion yuan to 189.1 billion yuan in 2017-2021. The four-year compound growth rate in 2017-2021 reached 17.47%, far exceeding the global growth rate. Medical beauty is the golden track in the consumer industry, in which non surgical light medical beauty with the characteristics of flexibility, small trauma, short recovery period, low risk, etc. is becoming more popular.
Note: The individual stocks cited in this article are only examples for analysis. The information and data are all based on the public media reports designated by the CSRC. I do not hold these stocks, nor do I recommend you to buy or sell them, but only analyze them for your reference. The stock market is risky, so investment should be cautious.
