The three major A-share indexes fell for the third day in a row. Coal, Salt Lake Lithium extraction, Nonferrous Metals and other sectors tumbled collectively [the stock market closed]

The two cities fell further this afternoon, with the three major indices falling more than 1 per cent, the Prev approaching a new adjustment low of 3500 points, and the CSI 1000 index falling more than 2 per cent. Coal, oil and gas, lithium extraction from salt lakes, chemical industry, non-ferrous metals and other sectors collectively tumbled, and resource stocks set off a daily limit of decline. more than 3400 shares in the two markets were green, with a decline of more than 9%. The turnover in Shanghai and Shenzhen exceeded trillion yuan for the fifth trading day in a row. Online celebrity economy, food processing plate has been pulled up, Zhongguang Natural selection, good products shop, Yanjin shop, etc., the opening of the new shares into big creatures closed down more than 27%, Rong Mei shares closed down more than 13%. On the market, small household appliances, pumped storage, network celebrity economy, food processing and other sectors rose in the forefront, while coal, oil and gas mining, salt lake lithium extraction, small metals, gas and other sectors led the decline. By the close, the Prev index was down 1.23%, the Shenzhen index was down 1.03%, and the gem index was down 0.92%. Northbound funds bought more than 7 billion yuan net throughout the day.

For the future market trend, institutions have expressed their views.

Guotai Junan research newspaper pointed out that with the strengthening of periodic product policy correction, the convergence of commodity supply and demand gap and the deviation of periodic stocks and futures prices, it is expected that the allocation of active funds will change in the fourth quarter. For the consumer sector, the period of the most serious deterioration of fundamentals at the expected level has passed, and the transaction structure of the crowded micro market in the early stage of consumption at the transaction level has been significantly improved. therefore, the idea of allocation in the next stage can be summarized from cycle to consumption. from high valuation attack to low valuation defense. Recommended main lines: 1) brokers; 2) consumption: spirits / pigs, etc.; 3) bank real estate. In addition, a new energy track with high prosperity and sustainability is recommended, and the subdivision direction includes: photovoltaic / UHV / green power / new energy vehicles, etc.

Central Plains Securities pointed out that the A-share market opened low and fluctuated downwards on Wednesday, affected by the lower-than-expected quarterly results of some core assets, and the stock indexes of the two cities opened low and fluctuated downwards step by step. Home appliances, wine, consumption, securities firms and coal and other industries fell one after another, dragging the stock index down unilaterally, and the Prev returned to the 3550-point regional shock consolidation. At present, the market is at the last moment of the concentrated release of the three quarterly reports, and investors are generally worried that the performance growth of some companies is lower than expected, which may trigger the cash out of the market. On the whole, the pattern of Prev volatility around 3550 points will not change easily, and the medium-and long-term investment value of the A-share market is still solid. It is suggested that we should pay attention to the changes in policy and capital.

Haitong Securities pointed out that yesterday's index fell in yin, but the nine trading days that came back after the National Day rebounded weakly in the two trading days of this week, and the rising stocks were only 30% most of the time. If there is no adjustment in the strong hot spot sector, then the market correction may not be over yet. On the other hand, the recent successive IPOs are directly related to the improvement of the price-to-earnings ratio, but the decline in the rate of return will inevitably lead to the shaking of new funds at the bottom, and some core assets also face the problem of selling pressure. At present, you can pay attention to new energy and photovoltaic plate certainty opportunities, near the end of the month need to beware of performance thunder, short-term recommendations for caution.