[stock market close] three major indexes closed down and silicone concept stocks strengthened against the market.

The trend of the index diverged throughout the day, and the weight fell as a drag on the Prev. The Shanghai Stock Exchange 50 and Shanghai and Shenzhen 300 both fell by more than 1%, the gem index was high and strong, and more than 3100 stocks fell in the two cities. Hot topics fall, plate rotation is poor, and capital risk appetite is reduced. Recently, the main line of technology stocks generally fell, the third-generation semiconductors led the decline, pork stocks, coal, national defense industry, wine, automobiles fell throughout the day, organosilicon, photovoltaic, Huawei Penteng concept stocks, Salt Lake lithium, clothing home textile stocks rose against the trend. On the disk, silicone, clothing and home textiles, online travel were among the top gainers, while the third generation semiconductors, Huawei automobiles, and national defense industries were among the top declines.

As of the close, the Prev index fell 0.92% to close at 3573 points; the Shenzhen Composite Index fell 0.99% to close at 14999 points; and the gem index fell 0.19% to close at 3406 points.

China International Capital Corporation pointed out that the global epidemic is "first-in, first-out". China's economic growth rate is gradually falling back from rapid recovery to normal growth, and the overall policy environment may gradually tend to support growth. The market has temporarily digested inflation expectations. under this background, the financial worries of the market have been reduced, and the market focus has gradually shifted from "post-epidemic recovery" to "normal growth". The growth style of relatively high prosperity, great growth potential and continuous industrial cycle may still be the main line of the market. Looking ahead, the market is likely to fluctuate in the short term after some indices approach their previous highs. However, in the general direction, the market may still maintain a positive risk preference, and the market style may show the characteristics of "growth-oriented, taking into account the cycle".

Societe Generale Securities judgment, the domestic economic stability period, policy warm wind period, liquidity-friendly period, three periods superimposed. Economic recovery has accelerated, monetary policy has remained stable, global money market funds have accelerated the return of risky assets, and global equity assets are in the "honeymoon" period. The market is moving from the layout of the "centenary" market to the hot, sunny and sunny "summer market", continuously prompting super-matching growth and paying attention to the cost-effective assets whose performance exceeds expectations. In the next stage, we can pay attention to the catalyst of good news. Economic recovery, PPI to maintain a high level of operation, gold panning can report higher-than-expected cost-effective assets, especially the chemical industry, machinery, non-ferrous materials, coal and other undervalued leaders.

Anxin Securities Analysis, the current market as a whole continues to be in the shock phase. In the short term, the market is in a favorable environment, liquidity in the interbank market is expected to be stable, and overseas concerns have been alleviated. At the same time, the market pre-strong stock adjustment pressure is rising, pre-weak stocks have begun to rise, the current round of the index to continue to rise space may be limited. In the medium and long term, the fundamentals of A shares in the mid-term report and the second half of this year are likely to be better than the market expectations. under the background of the significant doves of the Federal Reserve and the completion of domestic economic recovery, the upward space of domestic bond market yields is limited. Liquidity environment and risk preference factors as a whole are still favorable support, and corporate profitability and growth will become the core logic of the next stage of the market.

Guosheng Securities stressed that in the second half of the year, whether at home or overseas, there are no systemic risks and will still be dominated by shocks. Take advantage of the panic caused by each fluctuation to find a buying opportunity. Focus on the future, grasp the present, and configure scientific innovation. Three clues "Nuggets" Science and Technology Innovation Board: 1) to open up a new direction for A-shares to mark the scarce subdivision track "Unicorn". 2) the performance growth rate has always led the "high growth" of Kechuang; 3) it has withdrawn deeply since listing, which has fallen below the issue price and has a valuation performance-to-price ratio from the perspective of PEG; petrochemical and chemical, non-ferrous, photovoltaic and other sectors driven by overseas demand. New energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical beauty and sub-high-end spirits are expected to grow with strong certainty of prosperity.