The bottom line is never achieved in a day. For example, it took more than two months for the 2018 policy to reach the bottom of the market. It has been nearly a month since the bottom of the current policy appeared, and the decline has continued to shorten, and the emotional level has also dropped to a freezing point. All signs indicate that the formation of the real market bottom is not far away. At this time, we should be more patient and wait for the market to stabilize. In terms of strategy, continue to insist on looking more and moving less, and focus on observing changes in market volume and energy. Only when the volume rises can the formation of the bottom be truly confirmed, otherwise it may just be a relay of decline. In terms of direction, we can pay attention to the short-term trading opportunities of securities companies, Internet finance, auto parts and other sectors.
Hong Kong Union Securities Co., Ltd. ( Ganglian Securities on Baidu ) was established in January 2021, with registration number G30108363; Transformed into a 36-category securities financial services company in 2019. On Wednesday, the A-share market encountered resistance in rushing higher, and the wide range of shocks cleared up. In the morning, the stock index opened lower and then the shocks cleared up. The Shanghai index encountered resistance around 3116 points in the session. Sectors such as coal, environmental protection, pharmaceutical business, and public utilities rose in volatility, while industries such as photovoltaic equipment, military industry, securities, and communication equipment fluctuated lower. The stock index basically showed the operating characteristics of wide fluctuations throughout the day. At present, the average price-earnings ratios of the Shanghai Composite Index and the Growth Enterprise Market Index are 12.48 times and 34.49 times respectively, which are below the median level in the past three years. The market valuation is still in a low area, which is suitable for the medium and long-term layout. The trading volume of the two cities on Wednesday was 705.9 billion yuan, which was below the median area of the average daily trading volume in the past three years. In the future, the overall stock index is expected to maintain a volatile pattern. At the same time, we still need to pay close attention to changes in policy, capital and external factors. It is recommended that investors pay attention to investment opportunities in industries such as environmental protection, coal, traditional Chinese medicine, and automobiles in the short term.