NEWS

Ding Feng's viewpoint

Important Notice

Investor protection

Continue to trade in a tight range

This week, the market is mainly volatile, some indexes at the beginning of the week slightly adjusted new lows, and then slowly recovered. It is worth noting that the turnover has declined significantly, indicating that investors' enthusiasm for participation has declined, which is easy to form a narrow volatility trend in the short term. Shanghai Stock Exchange Index (0.13%), Shanghai Stock Exchange 50 (-1.07%), China Stock Exchange 500 (0.13%), chinext Composite Index (0.05%).

Opportunity to observe wholeness

The market fell continuously in the week before the holiday, and most indexes basically reversed the recent rebound. Shanghai Stock Exchange Index (-2.3%), Shanghai Stock Exchange 50 (-3.15%), China Stock Exchange 500 (-2.56%), chinext Composite Index (-2.74%). Most of the indices are located below key loci and are also at risk of breaking again. The amount can be even. During the holiday, the overseas situation was more volatile, and overseas markets fell by a large margin, especially the Hong Kong stock market fell sharply, and investors had a more obvious exit sentiment.

The index outperformed market expectations

This week, the market is mainly shaken, and the style of large and small stocks shows a seesaw effect, but the overall trend in the past two weeks is stronger than expected, the Shanghai Index has not broken, other indexes have not continued to fall after breaking, and the small-cap index has risen to the breaking point. The Kechuang 50 index is still the strongest, not only hitting a new high this year, but also breaking through the stage high point in October last year, and has reached a new six-month high.

Increased short-term volatility

The RRR cut at the beginning of this week did not drive the market, but there were still ChatGPT and artificial intelligence events in the middle of the week to stimulate, in the already crowded state of funds, it still further spread to the pan-technology sector, and led the small and medium-sized board index to rise strongly.

Although the RRR cut exceeds expectations, it is not appropriate to have too high expectations for its boost, and the overall pattern is weak shock

This week, the market is slightly divided, the weighted Shanghai index stabilized sideways, the small and medium-sized board index is still falling, which is related to the limited funds on the floor and the transfer to large-market stocks.

The economy will recover, but the path will be complex and tortuous

This week, the market continued to adjust, in addition to the Shanghai index, most indexes also fell below the previous consolidation range or the downward breakthrough after the moving average bond, the weakness is full.