Today, individual stocks are sharply divided, the market is seriously fragmented, and institutional heavy stocks drive the index up sharply, but the performance of small-cap stocks is depressed, more than 3000 stocks in the two cities have fallen, the recent hot spots have stalled, digital currency and medical beauty have collectively fallen, the short-term sentiment of the market is weak, and there is a lack of motivation for funds to catch up. On the market, steel, titanium dioxide, medical and other sectors led the increase, while medical beauty, digital currency, dairy, unmanned retail and other sectors led the decline.
As of the close, the Prev index rose 0.26% to 3474 points, the Shenzhen Composite Index rose 1% to close at 14351 points, and the gem index rose 1.87% to close at 2994 points.
In terms of the future, Guosheng Securities pointed out that as the disclosure of the quarterly report is nearing the end, market sentiment has gradually stabilized and the node of index selection direction may be approaching. Operationally, the index has always maintained box concussion at the current stage, Prev has been surrounded but not attacked in the face of the double suppression of the 3500 integer level and the 60-day line, and the upward strength is obviously insufficient, but with the approaching of the changing node, it is necessary to carefully observe the choice of the direction of the index, if you break through upward, you can actively follow; if you directly jump down below the 5-day moving average, you need to observe the support strength around 3440. On the whole, the index is currently under upward pressure, and there is also a certain degree of support downwards, or it may take time to shake and wash the disk in order to really choose the general direction. Strategically, we can actively pay attention to the small and medium-sized stocks with better-than-expected performance in the first quarter.
Shanxi Securities said that with the disclosure of quarterly results one after another, the overall price-to-earnings ratio of the index has declined, the valuation levels of the Shenzhen stock market and gem have returned to their levels before the rapid rise in July last year, and the market fear of heights has basically disappeared, and more attention can be paid to the overall opportunities of the Shenzhen stock market and the gem market in the future. Judging from the spirit of the National standing Committee meeting, the financial investment will benefit the enterprises and the people, and the funds will remain loose in the future. In terms of economic fundamentals, the economic data improved in March, the cycle and the consumer service industry still had room to recover, the macro-economy remained high in the medium term, and the overall fundamentals of A shares were strongly support. we expect the market to continue to show an upward trend driven by high-boom consumption, science and technology, new energy and other main sectors.
Wanhe Securities pointed out that the index as a whole maintained a narrow range of shocks, as the quarterly report revealed that the differentiation of individual stocks intensified. At present, from the perspective of fundamentals and liquidity, the first-quarter data are basically in the range of market expectations, and the possibility of sharp fluctuations in the index is low. On the one hand, only the steady recovery of fundamentals continues, which forms the most basic support for the market; in addition, liquidity expectations are tightened and verified, but the overall liquidity is still stable, and interbank liquidity is relatively reasonable and abundant, so the risk of A-share sharp decline is low. On the other hand, the current market sentiment is relatively low, the average daily turnover and volume continue to decline, and the market risk preference is low as a whole, so it is difficult for the index to have trend opportunities in this case.

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