CSI300 dropped 0.6%
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The CSI 300 fell 0.6% this week on volume below the average but higher than the last week. The market condition was Rally Attempt. The index has continued to fall this week, and has been close to the previous low of 3,298. If it falls below the August 15 low of 3,298, the current round of attempts to rebound will fail, and the market condition will be adjusted to Downtrend. Resistance is still located in the 21DMA. Both the one-year and five-year Loan Prime Rates (LPRs) remained unchanged in August. Wednesday’s Fed minutes showed a strong preference for a September rate cut. Investors are advised to take a cautious approach and pay attention to the disclosure of first-half results. The trading information mechanism for Shanghai-Hong Kong Stock Connect program and Shenzhen-Hong Kong Stock Connect program is adjusted. The SSE and SZSE announced that they decided not to publish the daily northbound inflow/outflow data from August 19th onwards.
Leading: Communication Service (+1.7%), Financial (+1.4%), Consumer Cyclical (-1.4%); Lagging: Healthcare (-5.0%), Real Estate (-3.6%), Consumer Staple (-3.5%).
【A33】portfolio fell 3.2% with 7 stock up and 26 down. Power plants in Anhui Province An Hui Wenergy (000543) led the gains. The stock rose 4.0% this week. RS and AD ratings were 98 and B+. DG rating was 74.
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published on August 23, 2024