New Shares Purchase Spring Shock Has Not Yet Ended

In the banking sector, brokerage stocks and other weight plate support, the Shanghai and Shenzhen two market opened slightly higher today, maintaining high volatility. Before the strong rise of small and medium-sized board and gem index in the early morning to usher in a small adjustment. Analysts pointed out that, after the previous continuous rise, the market objectively has the need for concussion, and the spring offensive has not yet ended.

At noon, the Shanghai Composite Index closed at 3295.90 points, up 9.83 points, or 0.30%, while the Shenzhen Component Index closed at 11562.90 points, up 6.25 points, or 0.05%. The turnover of Shanghai and Shenzhen two cities reached 376 billion 983 million yuan. In comparison, the SME board index fell 0.22%, closing at 6856.04 points. Gem The index fell 0.26% to 2040.05.

In terms of industry, sales of various sectors dropped more or less, CITIC appliance, banking and non banking financial index rose by 1.62%, 1.04% and 0.89% respectively, compared with CITIC medicine, national defense industry and composite index The biggest drop was 0.92%, 0.86% and 0.65% respectively.

In terms of concept, third party payment, smart IC card and equity participation. Financial index Gainers rose by 1.94%, 1.68% and 1.52% respectively, compared with the decline in smart agriculture, biological vaccines and the Yangtze River Economic Belt index, down 1.85%, 1.82% and 1.75% respectively.

On the news side, whether from the whole policy environment of our country or from the actual action of QFII itself, there are various signs that QFII's enthusiasm for investment in China's capital market is still high, and the pace of entering the market is accelerating. This is evident from the opening of QFII's stock account. The monthly statistical report from China shows that in February 2015, QFII opened 20 new A share accounts and 10 in Shanghai and Shenzhen two cities, which is also the 38 consecutive month for QFII to open A share accounts. So far, the number of A shares opened by QFII has reached 857.

Analysts pointed out that this week A shares ushered in a intensive purchase of new shares, the market is difficult to achieve effective volume, so the stock index will not be a breakthrough. Judging from the current situation, financial stocks as a whole are stable and support the market. However, judging from the current market structure, the main battlefield of spring market is in small and medium sized boards and gem. The market is still dominated by structural market, and small cap growth stocks represented by small and medium sized enterprises are expected to continue the spring offensive.

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Yesterday's February national consumer price index (CPI) and producer price index (PPI) data released by the National Bureau of statistics showed that CPI rose 1.2%, an increase of 1.4% compared to the same period last year, less than 2% in 6 consecutive months, and a decrease of 0.7% in PPI, a decrease of 4.8% over the same period last year, and a decline of 36 months in a row, and the decline continued to expand. In this regard, agencies generally believe that monetary policy may be further relaxed, the rate cut in February will not be the end of monetary easing.

For the aftermarket, analysts pointed out that this week's new blood pumping effect makes the market short term difficult to appear a big class rebound, short and short wins and losses are still difficult to see, 3300 points will be repeated. The market has been in a state of contraction earlier, and it may become an important factor limiting the height of the market rebound. Ningbo Hai Shun analysts said that from the volume of volume, yesterday, the total amount of two cities can total 652 billion yuan, the same level compared with the previous day. Therefore, although the stock index has stabilised in the short term, the pressure on new share purchase funds is still relatively large, especially on Wednesday and Thursday. The purchase of new shares is the most intensive, with 10 and 11 respectively, and the "bloodletting effect" will become more obvious. Under the pressure of lack of funds, if there is no strong policy stimulus, the structural market will continue throughout this week.