International Board Rumors Frighten 19 Billion Capital Gem Temporarily Difficult To Extinguish

< p > yesterday, under the "a href=" http://news.sjfzxm.com/news/list.aspx "Classid=101112107105" > International Board < /a > launched rumors and the superposition of technical pressure on the callback, Shanghai Composite Index fell more than 20 points, the gem index also sharply callback.

However, the theme hype is still thrived, with nearly 40 stocks trading.

The deviation between the index and individual stocks has further intensified, and the structural market has shown a "strengthened version".

Analysts pointed out that short-term market or shock finishing, but the structural market will continue to deduce.

For the gem, it is facing the multiple challenges of the valuation premium return risk, the fourth quarter style switching rule, and the three quarterly report's main desire to adjust the warehouse position. However, the new economy has endowed the medium and long term development space of the new industries such as information and the Internet, and the market speculation on scientific and technological innovation will continue after the third plenary session.

Therefore, the gem will rise or decelerate as a whole, but it will not be extinguished. Stocks will officially enter the differentiation time.

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< p > < strong > < a > href= > http://news.sjfzxm.com/news/list.aspx > Classid=101112107107 > stock index < /a > gem callback > /strong > /p >

< p > yesterday, the Shanghai composite index was down, dropping 2200 points; the Shenzhen stock index was sideways, and the Yang cross star was recovered; the gem index was obviously callback after its record high.

Behind the weakening of the motherboard and the adjustment of the gem, the net outflow of A shares in the two cities is 19 billion 50 million yuan.

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< p > as of yesterday's closing, Shanghai composite index was reported at 2190.93 points, down 20.84 points, or 0.94%, the Shenzhen harvest index reported 8685.79 points, rose 18.02 points, rose 0.21%, and the GEM board reported 1387.15 points, down 2.66%.

< a href= "http://news.sjfzxm.com/news/list.aspx? Classid=101112107108 > > volume < /a >, the Shanghai stock exchange closed 136 billion 580 million yuan yesterday, and the Shenzhen Stock Exchange traded 144 billion 870 million yuan, and the volume of energy was significantly enlarged.

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< p > from the perspective of capital flow, the main funds in Shanghai and Shenzhen stock markets show a net outflow pattern.

According to Ju Ling financial statistics, yesterday's Shanghai stock market A shares net outflow of 9 billion 38 million yuan, Shenzhen stock A net outflow of 10 billion 112 million yuan, two city funds total net outflow of 19 billion 50 million yuan.

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The obvious pullback of the index p and Shanghai composite index is due to the pressure of "back to back" on the one hand, especially after the announcement of economic data in September, wait-and-see sentiment has heated up. On the other hand, it is affected by the rumors of the "Shanghai international trade zone" launched by the Shanghai Stock Exchange.

Nevertheless, the theme of speculation enthusiasm is still high, the concept of Internet banking, private banking and other concepts to further speculation, the two cities have nearly 40 stocks.

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< p > analysts believe that in the face of technical and news problems, short-term market or return to concussion arrangement, September economic data will become a new indicator signal; and the third plenary session will soon be held, the funds for reform and pformation of interest is strong, coupled with the three quarterly report is about to enter the disclosure time window, so the structural market will continue to deduce.

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< p > < strong > stocks will be divided into < /strong > < /p >.

< p > after the three consecutive day's record highs, the gem index fell sharply yesterday. Huayi, China, Tai Yueh, light media, Huayi Brothers and Tian Zhou Culture 5 star stocks plummeted.

From the perspective of industry capital flows, the information service sector was heavily sold.

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< p > according to Ju Ling financial statistics, in the 23 industry sectors of the Shen Yi class, only commercial trade, household appliances, real estate and catering tourism sector achieved net capital inflow, the net inflow amount was 2 billion 140 million yuan, 564 million yuan, 242 million yuan and 60 million 598 thousand and 500 yuan respectively, while the net outflow scale of information service, financial services and medical biological plate was the highest, and the net outflow amount was 4 billion 502 million yuan, 3 billion 777 million yuan and 1 billion 966 million yuan respectively.

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< p > it should be said that after the continuous triumph, the gem is facing unprecedented challenges and challenges.

First of all, the gem index has hit a new high, and the valuation premium has already been high.

Historical experience shows that the overestimated value of plates is difficult to last for more than two quarters.

Since the launch of the gem bull market in mid April, it has gone through two quarters.

This also means that funds will start to edge on the gem's desire to catch up.

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< p > secondly, the fourth quarter is often the stage of convergence of valuation premium, that is, high valuation growth stocks fall and underestimate the value of blue chips.

This seasonal style switch is mainly due to the three quarterly reports on the falsification of the high valuation plate, the support for the undervalued sector, and the "resonance" of multiple factors such as the main capital allocation and layout of the p year market.

Once the agency has adjusted its position, it is undoubtedly the gem that has benefited from the early stage.

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< p > we need to point out that although the gem is subject to the above pressure, it will not be completely "flameout" in the short term.

On the one hand, the new economic wave is sweeping across China, and technological innovation has become the inevitable path of economic pformation, which gives enough information to the new industries such as information, Internet and media.

On the other hand, before the three plenary session of the third plenary session, the market is still optimistic about the reform and pformation before the disclosure peak of the quarterly report comes.

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