For some high-value and high-quality assets, many investors are discouraged by fear of heights, but in Wang Ran’s view, the valuation center of high-quality core targets has continued to rise in recent years, mainly due to the inflow of foreign capital and A-shares. The increasingly obvious How to buy Alibaba stockinfluence of institutionalization. As the world enters the era of low interest rates, high-quality assets with high profitability are very scarce, and the valuation tolerance of these assets needs to be improved.
Judging from the above data, the situation of A shares in 2019 can be described as gratifying. However, it can be seen from the trend in 2019 that the market repair process has been up and down. After entering 2019, the Shanghai and Shenzhen stock markets once had a four-and-a-half-month period of uptrend, and then gradually stabilized after two months of downward adjustments. In the second half of the year, the two stock markets diverged. The Shanghai Composite Index competed around 3,000 points. The Shenzhen Stock Exchange Index steadily fluctuated upwards, but failed to reach the high point this year.
The current government's internal policy will be fine-tuned and hedged in a timely manner based on the external situation, but deleveraging should be a long-term and consistent focus of work. This can be seen from the policy shift in April and the subsequent series of events that broke the redemption. This also means that we can't make too high expectations for the future macro economy, but we don't need to be overly pessimistic when the market panics.
The three major A-share stock indexes rose collectively. The ChiNext index stood at 2100 points during the intraday session. Brokerage stocks were among the top gainers and Guoyuan Securities rose by the limit. In addition, titanium dioxide, PCB, multi-financial, non-ferrous metals, domestic chips and other sectors are also active. Masks and the agricultural sector are at the forefront of declines. As of press time, the Shanghai Composite Index rose 0.52% to 29225 points; the Shenzhen Component Index rose 0.79% to 109468 points; the ChiNext Index rose 0.98% to 20884 points.
The first major adjustment began in mid-July. Since mid-July, there has been a sharp drop in volume from Wen's shares, LeTV, and Wangsu Technology. Finally, the GEM index fell sharply at the end of July, and since then it has been announced that the GEM has begun to adjust. In particular, the heavy-volume drop here refers to a large number of phased transactions, with a drop of more than 5%, which is the case for individual stocks and indexes. According to historical market rules, ①Since the end of the 5178 bull market, all previous heavy volume drops on the GEM will see phased and large-level adjustments, with relatively large adjustment cycles and amplitudes. ②The prerequisite for the major adjustment in July is that the index and individual stocks have undergone monthly breaks to varying degrees. According to historical market rules, the market adjusts from mid-April to mid-July each year. The market gradually enters the end of adjustment in late July. Then the market rebound mode was started. Based on this abnormal market reaction, it can be predicted that small tickets represented by the ChiNext will enter the risk zone.
10:49 The agricultural planting sector rose sharply, Shennong Technology (300189) rose 13%, Mogao shares (600543) closed the board, Quanyin Hi-Tech (300087), Suken Agricultural DHow to buy Alibaba stockevelopment (601952), Xuerong Biology (300511), etc. Go higher.