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Market Risk Appetite Declines, Institutions Say A-Shares' Downside Is Limited
Everyday Economic News AI Flash: Yesterday, the A-share market experienced a broad decline, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all falling more than 3%. Over 5,100 stocks in the A-share market declined, with more than 130 stocks hitting the daily limit down. Sectors such as gold, OLED, and liquid-cooled servers saw significant adjustments, while sectors like coal rose. Market trading volume reached 2.45 trillion yuan, an increase compared to the previous trading day. As market risk appetite decreased, cautious sentiment among investors grew. As of March 20, the balance of margin financing in the A-share market was 26.3229 trillion yuan, and the financing balance was 26.1484 trillion yuan, with last week’s financing balance decreasing by 18.418 billion yuan. On March 23, net outflows of over 79 billion yuan were observed in the main funds of the Shanghai and Shenzhen markets, with some broad-based ETFs experiencing increased trading volume. Analysts believe that the room for the A-share market to continue falling sharply is limited, but external shocks could still trigger phased volatility. Confirming the bottom range will require time to gain space. A broader rebound in PPI, price transmission, and the recovery of corporate profitability are expected to be key directions this year, offering both expectations and growth potential. (China Securities Journal)
Daily Economic News