At the close, the Shanghai Composite Index reported 2940.95 points, down 0.44%, while the Shenzhen Component Index reported 903 1.93 points, up 0.29%. Chuangzhi Bao 1535.68 points, up 1.00%. From the disk, paper, Chinese medicine, driverless, cement and other sectors were among the top gainers, while trust, brokerage, insurance, futures and communication services were among the top losers.
market outlook
The report card of February index is very eye-catching. The Shanghai Composite Index rose by 13.79%, the Shenzhen Component Index rose by 20.76%, and the Growth Enterprise Market Index rose by 25.06%, a record monthly increase. Today's market is adjusting, but the current market logic has not changed, and it will continue to be restless. The driving logic of the market may shift from the defensive logic of interest rate decline to the offensive logic of credit expansion.
Tomorrow (March 1), I will wake up to see MSCI's decision on whether to expand the A-share inclusion factor. Although there will be foreign capital scrambling for financing and layout in advance before MSCI is included, we should pay more attention to the medium and long-term trend, not the advance and retreat at this time. A few days ago, the turnover exceeded one trillion for two consecutive days, which shows to some extent that the current market sentiment is still high, and the trend of increasing the allocation of A shares by foreign capital will continue in the medium and long term. At the same time, under the background of global liquidity marginal easing in 20 19, A shares are one of the markets with low global valuation, and international funds will increase the allocation of global risk assets.
Operation strategy
In the medium and long term, the market is likely to be in the stage of "bear tail bull head". Although there are some disturbances in the short-term market, the layout can still be much lower. It is recommended to pay attention to 5G, organic light emitting diodes, low valuation and non-silver plates. Wen Fu, investment consultant, practice certificate number: S02606 1 1050006.