A shares fell on the hot search!Institution: The market will be more tough, and it is expected to stabilize next week

China Times (chinatimes.net.cn) reporter Shuai Ke Cong Chen Feng Beijing report

On September 16, the A -share market suffered a rare severe frustration. The closing of the three major indexes fell more than 2%. The Shanghai Index hit a new low of nearly 4 months, and more than 4,200 shares closed down. At the time of the market sadness, A shares once appeared on the Weibo hot search list.

Professionals interviewed by the reporter from the Huaxia Times believe that there are many factors such as the Federal Reserve ’s interest rate hikes, poor economic expectations, and recovery of new energy sectors behind the decline in A shares, but the market decline is already limited. Chen Li, chief economist of Chuancai Securities and director of the Institute of Research, said that the current domestic liquidity is still relatively loose, and at the same time, the policy is stable to stabilize the economy. The A -share market is expected to be more tough and the market is expected to stabilize next week.

The Shanghai Index hit a new low for nearly 4 months

On September 16th, the three major Index A -share index opened low and walked down, and almost weakened unilaterally throughout the day. As of the close, the Shanghai Index fell 2.3%to 3126.4 points; the Shenzhen Stock Exchange Index fell 2.3%to 11261.5 points; the GEM index fell 2.34%to 2367.4 points. Among them, the Shanghai Index has fallen to the deepest since May 24 of this year, and it has set a new low since May 26 of this year.

Tonglian data shows that the annual turnover of A shares was about 799.4 billion yuan, a shrink of nearly 120 billion yuan from the previous day. The northbound capital was net outflow of 4.512 billion yuan.

In terms of industry sectors, 31 applications in the industry in the case of closing down the entire industry, non -silver finance, coal, and building materials have fallen, and falling by 4.86%, 4.76%, and 3.9%, respectively. Fall 0.1%, 0.45%, 1.39%.

In popular concepts, several concepts such as data security, electronic ID cards, and state -owned assets have risen slightly. The concepts such as lease and sale of the same power, combustible ice, metal lead, low -radiation glass, shale gas, futures, and coal have fallen first.

The new energy track is still sluggish, but the overall decline is relatively small. The stock price of Ningde Times closed at 1.05%to 410 yuan/share, with a market value of about 100.6 billion yuan, close to the trillion mark. It is worth noting that the cumulative decline in the Ningde era has been more than 26%in less than a month.

The brokerage sector, known as the "bull market flag bearer", closed nearly 6%, becoming a big focus of the market. As of the close, Oriental Wealth's stock price plummeted by nearly 11%. Guolian Securities, Guangfa Securities, and CITIC Construction Investment plummeted by 7%or more, and Great Wall Securities, West China Securities, and Hongta Securities fell more than 6%.

On the news, on September 15, the General Office of the State Council issued the "Opinions on Further Optimization of the Institutional Trading Cost of the Institutional Transaction of Markets" (hereinafter referred to as "Opinions"). The "Opinions" mentioned that we must strive to standardize financial services charges, encourage securities, funds, guarantee and other institutions to further reduce service charges, and promote the reasonable reduction in financial infrastructure to reduce transactions, custody, registration, liquidation and other costs.

Some institutional analysis believes that the market may have misunderstandings about "Opinions", because the "Opinions" is a measure to optimize the business environment. From the goal, the main object of the predicting fee reduction is the institutional belt. The high charges come from market principles are not expected to be strictly controlled.

Yang Delong, chief economist of Qianhai Open Source Fund, said that the current transaction commission rate of securities firms has fallen to a lower level, and the space for further reduction is not large. However, as a quantum of market, brokerage stocks are often related to the overall market market. Under the context of continuous adjustment in the market, brokerage stocks often enlarge the adjustment.

Investors do not need excessive panic

According to the views of a number of professionals interviewed, the recent decline in A shares has multiple factors such as the Federal Reserve ’s interest rate hikes, poor economic expectations, and callbacks of new energy sectors.

Chen Li told the reporter of "Huaxia Times" that the recent decline in the A -share market is mainly affected by overseas risks. In order to control inflation, the US and European Central Bank continued to raise interest rates. There are also some impact on the A -share and Hong Kong stock market.

Chen Li believes that from a macro perspective, domestic monetary policy is not synchronized with overseas, and the current domestic liquidity remains relatively loose. At the same time, the superimposed policy is stable. Essence

The current market is undoubtedly some vulnerability. The official strategy investment of Xingshi Investment told reporters that the recent market fluctuations have a greater relationship with economic expectations. Although the domestic economy is restored, the market is not satisfactory to the rate of recovery and recovery. The pillar industry in the early stage of real estate is risky. The current economic expectations of the market are always at a lower level. The lower economic expectations have caused a lot of suppression of market emotions and risk appetite. At this stage, the market is more sensitive to air -to -air information, and the stock market fluctuations brought by the empty information will also increase significantly.

However, the most dangerous moment may have passed. Fang Lei believes that April this year is the medium and long -term bottom of the domestic economy and stock market, and the trend of the subsequent stock market still depends on the restoration of the domestic economy. At present, there is no sign of stalling the economy. The market's expectations for the economy may be sorrowful. How to avoid emotional interference may be the source of excess returns in the later period.

Recently, the new energy sector headed by the Ningde Times has been treated sharply, which has aroused market concerns.Yang Delong pointed out that the new energy sector has increased in the early stage and has a relatively large pressure of profit.However, in the long run, my country's new energy replacement traditional energy is the general trend. Now the development of new energy is still in the initial stage, and the future upward space is still very large.Yang Delong believes that value investment must grasp the trend of medium- and long -term, and we must not pay too much attention to the fluctuation of short -term stock prices.From the perspective of the market, after the early adjustment, the overall valuation of the A -share market is at the bottom of history, and the valuation advantage is obvious compared to U.S. stocks.When investors should maintain a good attitude when the market is sluggish, overcome the fear of greed, and insist on making value investment. It is essential to configure the company and good funds.

Editor -in -chief: Ma Xiao Chao Editor: Xia Shencha

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