A Message, a Sector's Downfall
Today's market saw a significant downturn, with all three major indices falling slightly.
As of closing time, the Shanghai Composite Index fell by 0.22%, the Shenzhen Component Index fell by 0.16%, and the ChiNext Index fell by 0.21%. Start-up Board Index fell by 0.21%.
Stocks rose and fell roughly evenly, with the two markets seeing a total of 7,566 billion yuan in trading volume, an increase of 381 billion yuan from yesterday's close, and northbound funds saw a net outflow of 41.76 billion yuan.
The market scene was marked by a surge in stocks related to photolithography resin concepts, as well as new urbanization concepts and ChatGPT concepts. Communication operators also surged again.
On the downside, tourism hotel consumption-related stocks were trapped in adjustments.
Today's biggest news came from the Baijiu sector, specifically Shaode Wine(600702).
Around 10:45 am, there were 2,741 sell orders worth a total of 7,445.75 million yuan that drove the stock price to its limit, with a total of 3,950 shares traded.
Shaode Wine suddenly plummeted, possibly related to market rumors from earlier that morning.
A signed review by a well-known securities firm: "Remind all customers to be cautious about high-end Baijiu risks due to supply and demand imbalances, inventory highs, and price declines. Specifically, Shaode Wine has a low probability of falling below expectations. Contact W for individual consultation!"
The Baijiu sector is currently at a moderate valuation level, having begun to rebound since last October's CS Baijiu Index, which has risen by nearly 40%.
As we enter the industry's quiet season and the first quarter's earnings have yet to be released, it seems that the sector will still be primarily focused on consolidation in the short term.
If you currently hold Baijiu stocks, consider reducing your position or buying back in when prices fall. Pay attention to consumer recovery trends and inventory levels of high-end Baijiu products.
Today marks the 32nd automated investment day for "Bird's Nest," which has invested a total of 38,000 yuan since its inception.
As of today, the cumulative return is -40.66 yuan (as of March 8).
Since upgrading to a portfolio combination, "Bird's Nest" has been running for 315 days, with a cumulative return of 3.37%, a maximum drawdown of -3.76%, and an annualized return of 4.04%.
"Bird's Nest" will continue to invest every Thursday, and will update its portfolio returns on the same day. Welcome everyone to join in on the investment journey!
This article was first published on WeChat public account "Bird's Nest Finance". The content represents the author's personal opinion and does not represent Hexun's stance. Investors are advised to exercise caution when making investment decisions.