Zheng's eyes look: liquidity is good for the market to pay attention to some small tickets

On the first two trading days of this week, A shares were sideways, long and short, and there was no particularly obvious trend in the market.

On the second trading day (Tuesday) this week, as of the close, the Shanghai Composite Index rose 0.05%to 3277.50 points, the Shenzhen Composite Index rose 0.43%, the Shenzhen GEM composite index rose 0.51%, and the Shanghai Science and Technology 50 Index fell 0.56%.

Terrace stocks such as photovoltaic and lithium batteries have strengthened the next day, which should be one of the reasons for the GEM than the science and technology board. On Monday, the Ningde Times rose 2.81%and rose by 1.49%on Tuesday. Although the increase was mild, it also performed beautifully among all weights. The chip stocks have the largest weight in the science and technology board, and the first SMIC's current performance is currently weak, but the performance of the previous two weeks was better, which also promoted the rise of the science and technology board stock index at that time.

The external disk performed well on Monday night, but the performance of Hong Kong stocks on Tuesday was extremely weak. The HSI closed down 1.05%, and the session fell by 1.89%deep. In addition, more Hang Seng Technology Index fell by 2.03%. There was a wave of vomiting half an hour before the closing of A shares on Tuesday, which was related to the diving of Hong Kong stocks at the time.

From the perspective of the market alone, the decline in Hong Kong stocks was dragged down by heavy stocks such as Meituan. Meituan plummeted 9.07%to HK $ 164.50, and the stock declined due to the rumors of "Tencent seeking to sell its shareholders' shares." Since Tencent has previously reduced its holdings in disguise in dividends, rumors of the above market will indeed have some interference to the mentality of Meituan holders. However, the reporter of "Daily Economic News" learned from a source close to Tencent's side that Tencent has rumored that there is no plan to sell Meituan shares.

However, Hong Kong stocks have not affected A shares too much. On Tuesday, the northbound funds bought a small net for a small net for 867 million yuan to buy a net for the fourth consecutive trading day. This is probably because my country's interest rates have become lower and the world is rare.

Recently, the credit and loan data announced by my country implies that the demand for enterprises or individuals is insufficient, and it also shows that the views of enterprises or individuals on economic prospects are conservative. In this case, the central bank will obviously have motivation to stimulate credit. Monday's disguised interest rate cuts are one of the means, and more measures may be launched in the future.

After the interest rate declines, some funds flow into the real economy, and some of them are bound to flow into various financial markets including the stock market. Such a situation has also happened in the history of A -share. At least I remember that the Shanghai Composite Index rose to 2245 points in 2000, and it was quite typical. At that time, the market had a great feature that was "passively rising". In many cases, not many institutions took the initiative, but most stocks still rose a lot of "inexplicable". However, the subsequent adjustment was extremely long and the range was quite large.

The current market also has this characteristic, that is, liquidity has increased the price -earnings ratio of many listed companies, especially some small tickets. If investors can pay attention to the above -mentioned liquidity factors in the stock market operation, it may be a bit beneficial to making appropriate decisions, such as not selling those stocks that have "foams a little" too early.

I said this is not to encourage investors to be greedy, but just talk about things. When investors decide when to buy and sell individual stocks, the performance of the target stock itself is still important. The important degree of homework in this area is ranked first, followed by external factors such as liquidity.

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