Yinhua Investment: Make up the gap and continue to make progress

Yinhua Investment

On Wednesday (September 5), the Shanghai and Shenzhen stock indexes experienced high and wide oscillations. Due to the impact of the blue chip market, the Shenzhen and Shanghai stock indexes fell sharply and made up for the gap on Monday. Later, with the rise of second and third tier stocks, the stock index oscillated and recovered. Finally, the Shanghai Composite Index recovered 5300 points with a positive cross star. Today, the Shanghai Composite Index opened at 5296.07 points, with the highest at 5337.93 points and the lowest at 5223.67 points, closing at 5310.72 points, up 0.31%, with a turnover of 152.95 billion yuan; Shenzhen Component Index opened at 18050.58 points, the highest was 18137.46 points, the lowest was 17679.57 points, and closed at 18002.00 points, down 0.27%, with a turnover of 83.79 billion yuan. A total of 728 stocks rose, 612 stocks fell, and nearly 30 stocks rose (excluding ST shares).

Panoramic observation shows that the market divergence is extremely obvious today. In the morning, the stock indexes of the two cities showed a fluctuating pattern of surging up and falling back. There was fierce competition between the long and short positions around yesterday's closing point. The intraday shocks were more frequent. The stock indexes dipped one by one under the influence of the overall weakness of financial, real estate and other heavyweight stocks. In the afternoon, they fell sharply. The Shanghai Index once pierced the 5-day moving average and made up all the gaps left by Monday's upward jump. Later, on the second The stock index began to oscillate and recover under the leading of the price supplement of the third tier middle and low price stocks, and the closing returned to above the 5-day average. In terms of sectors, the early strong sectors, such as brokers, real estate, banks, and electricity, have weakened, which has created greater pressure on the overall stock index; Nonferrous metals, coal and oil, scarce resources, aerospace and military industry began to counter attack after preliminary preparation, forming a hot market; In addition, wine making food

Technically, today, the two stock indexes covered the gap of Monday's short jump, and the Shanghai Stock Index gained support from its 10 day moving average. The technical worries of profit selling were temporarily relieved. At the same time, the Shanghai Composite Index closed at 5300 points, and the Shenzhen Composite Index remained at 18000 points. The two stock indexes again stood at the 5 day moving average, which continued the short-term upward trend, However, as the trading volume of the two cities today has shrunk significantly compared with that of the same period yesterday, which shows that the market is divided between long and short, it is expected that the market will still be dominated by shocks in the future. Investors should pay close attention to changes in the news, control their positions, and keep risks in mind while following the trend.