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1 thought on “wholesale gold religious jewelry Stock holding or holding the holiday: Why does the A -share experience "red envelope" in the Spring Festival?”
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cheap fashion jewelry wholesale uk Today is the third trading day before the Spring Festival. It is time to entangle the time when the "holding the holiday" or the "currency holding the holiday".
In the end of 2020 to the beginning of 2021, the overall performance of A shares showed a gentle rise, and unlike the same period in 2018, the funds in the first month of this year were still in net inflow. However, on the first trading day after the holiday last year, the Shanghai and Shenzhen cities were affected by the epidemic and external factors. The market was still worried about this.
In fact, according to the data of Wind for the past 10 years, the Shanghai Composite Index actually only closed down in the first 10 trading days after the festival. Generally speaking, the A -share A shares were generally upward after the holiday. Essence
In above the table, in the past 10 years, 10 or 20 trading days after the Spring Festival, the Shanghai Composite Index closed up by 1.65% and 3.77%, respectively, with an increase of 80%. In the 20 trading days, the probability of rising to the Shanghai Composite Index is also 70%.
Based on the probability of rising, it can be considered that there is a certain "holiday effect" in A shares. The market's emotions around the Spring Festival are more optimistic, and the market after the festival is usually better than before the festival, and there is a phenomenon of "opening the door".
The reason for the "red envelope market" of A shares can be summarized as follows:
The demand for residents before and after the Spring Festival is higher than the usual. Public market operations, put a certain liquidity to alleviate the demand for festival funds. "Long -term performance and short -term funds" is an eternal truth, and liquidity is an important promoter of the "festival effect" over the years. However, since the beginning of the year, the exchange level of the exchange is relatively tight. The one -day period of Treasury bond repurchase has soared to more than 8%. Risks, avoid the full warehouse greedy.
. In addition, history has proven that there is never a "holding group" that never dissolves. Recently, the funds in the north have continued to clean the popular group sections such as Moutai in Guizhou for many days. This phenomenon is worth noting.
The bank sector has recently recorded the net inflow of funds in the north. This sector has been underestimated since 2018, and there has been a very interesting market differentiation-many banks have been recorded as low as 0.2-0.5 times PB With up to 6%-7%of the dividend rate, some banks' book cash and cash equivalents have enough to acquire its market value.
The overall bad debt rate of the bank sector has improved in the second half of last year. Considering its stable dividends and extremely reasonable price -earnings ratios, it is considered that the bank sector has a high margin of security.