A shares: bottoming out, or is a new decline brewing? how it works on friday-clevelanddrifters.com

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A shares: bottoming out, or is a new decline brewing? how it works on friday

time：2023-01-28 18:45:43 source：clevelanddrifters.com author：Technology stocks

A shares: bottoming out, or is a new decline brewing? how it works on friday

The three major stock indexes opened up mixed on Thursday, with stocks showing mixed performances today after yesterday's tumble. Fortunately, the bears did not continue to amplify the hidden worries of the sell-off, prompting the Shanghai Composite Index to build a box and finish the trend. At present, the energy of the sell-off cannot be exhausted, and the rise is still delayed. Can it climb on Friday? A shares: bottoming out, or is a new decline brewing? How it works on Friday! Vehicles, auto parts, and integrated die-casting, which were previously hyped, are still in a downward trend. The popular main line is sluggish and superimposed institutions maintain selling the popular track, so that the three major stock indexes do not appear to bottom out. However, some sectors started a partial rise, which made the trend tend to consolidate and fluctuate on the platform, indicating that the ChiNext is not brewing a new decline today, the stock market is at the risk of platform consolidation and consumption, and there is still hope for continued consolidation on Friday. At present, the number of companies with a net profit of 10 billion yuan in the first half of the year has increased to 51, and more than 80% of the 4,800 companies have made profits. The energy industry is booming. Recently, new energy vehicles led the decline in the two cities, which prompted the stock market to continue to decline. It is gratifying that the revenue of non-ferrous metals, coal and petroleum and petrochemicals, and the growth rate of net profit are in the forefront. The rise of the value panel segment reduces the impact of new energy vehicles. It is likely that when other segments rise sharply later, new energy sources will escape the worries of falling and accelerate the trend of bottoming out and counterattacking. The FTSE Russell index adjusted its constituent stocks, this time adding energy stocks, excluding building materials, traditional Chinese medicine and insurance stocks. The adjustment of the constituent stocks of the FTSE A50 is likely to trigger accelerated buying of northbound funds. The superposition of A150, A200, and A400 has all undergone major adjustments. It can be understood that there is hope to accelerate the speed of northbound investment in the future, so that the three major stock indexes will return to the upward trend. Coal rose by more than 5%, virtual power plants continued to fall, the concept of photovoltaics dived again, the logistics sector rose, and the software services sector counterattacked. In August, the Caixin manufacturing PMI dropped back to 49.5, returning to the contraction range. It means that manufacturing demand has picked up, some sectors still maintain strong gains today, and the structural trend is expected to continue, making the stock index at a time of balance between long and short. The balance of financing and financing decreased by 10.288 billion yuan, the Shanghai market decreased by 5.263 billion yuan, and the Shenzhen market decreased by 5.025 billion yuan. Speculators continued to sell, increasing the enthusiasm for stock market selling. The superimposed "Ning Wang" was reduced by the largest overseas stock fund, causing the risk of popular tracks to surge frequently. Negative emotions put pressure on the rise anytime and anywhere. Today, the opportunity for the big rally has been delayed again. Sector overview: sideways, continue to consume risk today's hot topics, (1) wind power. Countries will strengthen energy security and cooperation in offshore wind power, and plan to increase the installed capacity of wind power in the Baltic Sea region from the current 2.8 GW to 19.6 GW by 2030. (2) Chicken concept. With the continuous recovery of the consumer side and the improvement of the cost side, the industry has entered a new round of rising cycle. Many listed poultry meat companies disclosed their performance in the first half of the year, and many suffered losses. The poultry meat market in the second half of the year will be better than the first half of the year, and next year will be better than this year. (3) Household items. In the past, various measures were taken to promote the consumption of green and smart home appliances. This time, Guangdong has stepped up efforts to continuously promote consumption and carried out trade-in of home appliances, so that the furniture and home appliance sector has bottomed out and counterattacked today. The author believes that the stock market fell sharply yesterday, resulting in amplifying the short energy of the mainstream circuit, and the decline has not ended. It is gratifying that funds are still deposited in popular sectors, and every time a large sector falls, risks are effectively stopped and the trend is stabilized. It can be seen that the crash is still the time when the stock index builds a stage bottom. To sum up, yesterday fell sharply and today fell slightly, and the signs of the Shanghai index bottoming out for a counter-offensive are strong, which means that the current stock market is a time when large and small sectors are fighting for dominance. Afterwards, a new uptrend is brewing again. The article is a peony investment idea. The content is for reference only and does not constitute investment advice. Thank you for the little thumb below!

(Responsible editor：Garbage)

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