The Late Diving Is Unusual: This Is Mainly Small And Medium Sized Dishes.

The late diving is mostly owned by the national team, and is interpreted by the market as the suspected national team's shipment.

Today, the 20 stocks in the first half of the day were ranked by the late rising rate from low to high, with 9 seats for GEM stocks and 6 seats for small and medium board stocks, accounting for 15 seats for small and medium-sized shares, accounting for nearly 80%.

Visible, small cap stocks are the main force of diving today.

After more than a month's rise, the main market index has been running to the important average position.

In particular, the Shanghai stock index and Shenzhen composite index have reached the annual line.

The current round of rebounding sector rose, from the market's engine dealers, to the Internet, charging piles and other hot topics, to real estate and other cyclical plates, and even to banks and other elephants. Most of the plates were "lucky" by the main funds.

The gradual rise of the market made the short-term depression gradually disappear, and the index also approached the beginning and fall of the second wave before the end of August.

In addition, after the IPO restart, the first batch is still adopting the old method, diverting part of the market funds, and the market expansion will also suppress the current new shares. Next week, the proportion of the two financial business margin will rise from 50% to 100%, and the force will be strengthened. The delivery date is approaching.

All of these affect market psychology to some extent.

Societe Generale Securities believes that the short-term shock adjustment is a continuation of the intermediate rebound market.

At present, the main logic of the intermediate rally is still there, that is, the exchange rate is expected to be relatively stable under the background of more money, shortage of assets and positive economic policies.

But in the near future, more and more risks and benefits should be taken into consideration. We should be proud of ourselves, but we must not lose our mind. In the three quarter, there will be a lot of resistance in the intensive trading area.

Anxin Securities pointed out that in October, the growth of industrial added value dropped to 5.6% over the same period last year. In October, short-term and long-term loans dropped to varying degrees. The weak economic fundamentals remained the current situation, but not the main contradiction in the short-term A share market. Risk preference and capital market situation were the core variables.

Looking back, from mid September to the end of October, small cap stocks rose mainly from the improvement of risk preference, that is, the "13th Five-Year plan", the fifth plenary session and the continuous easing of liquidity expectations. The rise of second tier blue chips and small cap stocks in early November was mainly driven by incremental funding, and the two financial balances rose significantly during the period.

Huatai Securities believes that the A share profit growth in the three quarter showed a marked decline compared with the first half of the year, although the cost reduction caused by the decline in commodity prices and

The higher the rate of return on investment brought about by the increase, the faster growth in the two quarter. However, it is obviously difficult to sustain. The three quarter earnings growth has come down again.

However, in the light of A and gem, Huatai Securities also pointed out that the media, electrical equipment,

The medical and biological, computer and other plates were not greatly affected, and the three quarter still achieved a higher profit growth rate. The top ranking of performance growth is some traditional cyclical and excess capacity enterprises, such as iron and steel, mining and so on.

Whether or not to admit it, the rebound that began in October did come to a real resistance near the annual line. This is evident after the November 5th Shanghai stock index was again wearing the annual line.

From that day, the Shanghai stock index has been fighting for 10 trading days near the annual line.

Turnover has shrunk from 560 billion on that day to less than 400 billion.

We selected several important nodes on the Shanghai stock index to wear the annual line, and counted the situation of the Shanghai stock index around the annual line after the share reform.

This situation generally occurs 5 times (merging the nearest line of wear and falling down to the annual line).

The overall data show that the annual line has indeed had a huge impact on the market trend. The time spent on the annual line is less than a month, many for nearly two years. After the dogfight, the market has chosen the direction of operation.

From the current market situation, it is quite similar to that in April 2009, when the international financial tsunami panic just passed, the market entered the recovery stage, A shares began to rebound steadily, the Shanghai Stock Index touches the annual line again in April 13, 2009, and continues to attack after a short stalemate for ten trading days, and then continues to rise 1000 points.