1. If there is a secondary market, there is a relative primary market, and the former is more complex, functional and influential than the latter.
2. The principle of stock market invariability is invariability, not seemingly calm.
3. Compared with the primary market, the biggest difference between the secondary market and the primary market is liquidity, mainly because the trading volume in the market is quite objective, but this happens when the market is in good condition.
Because the cost and commission in the market will not be too high, which means it will be suitable for ordinary investors.
It is different from the primary market (distribution market), but it is also related. Mainly because the stock circulation and transfer of joint-stock companies provide a basic place, which not only stimulates people's desire to buy stocks, but also provides a stable guarantee for the issuance of the primary market. At present, because the transaction price in the stock market can objectively reflect the relationship between supply and demand in the stock market, it also provides reference for the issuing companies in the primary market in terms of price and quantity.
6. The stock exchange market is generally the stocks registered in the stock exchange and approved for listing, while the OTC market mainly serves the stocks not listed on the stock exchange.
This is basically a part of the characteristics of the stock market, in fact, including its functions. Its other functions include: accumulating capital, transferring capital, transforming capital, stock price, etc. These are its functions. Investors should also remember that their business cycle will generally go through the following four stages: bull market stage, high consolidation market stage, bear market stage and low cowhide market stage.
Risk disclosure: This information does not constitute any investment advice. Investors should not use this information to replace their independent judgment, or make decisions only based on this information. It does not constitute any trading operation and does not guarantee any income. If you operate by yourself, please pay attention to position control and risk control.
At the beginning of 20021,funds from China A-share market entered the market by running. By the end of 65438+1 0.8, the trading volume of the two cities had exceeded1trillion for five consecutive trading days, and the balance between the two financial institutions had exceeded10.6 trillion. The market with excess liquidity has further strengthened the trend of leading groups in science and technology, consumption and new energy. Looking back, maintaining the leading position has become the most correct choice for A shares in recent years.
1. 13 trillion1October 8, the turnover of the two cities exceeded one trillion for five consecutive trading days. Among them, the trading volume of Longji, Oriental Fortune, Wuliangye, Kweichow Moutai and China Ping An 5 stocks exceeded 654.38 billion yuan, but at the same time, the trading volume of 2,452 stocks did not exceed 654.38 billion yuan. In fact, with the continuous promotion of the registration system and the baptism of the structural market in the past two years, the transaction differentiation in the A-share market has become more and more obvious.
Listed companies expand rapidly under the registration system. As of 202 1 1 8, there are 4 A-share listed companies147; Almost at the same time, in 2020, the scale of newly established Public Offering of Fund and the total net value of Public Offering of Fund exceeded 3 trillion yuan and 18 trillion yuan respectively, both hitting record highs.
Recently, the public opinion atmosphere about the group and liquor assets is not very friendly. The consumption sector headed by liquor is indeed bullish for a long time, and the price-earnings ratio has reached a relatively high level. Moreover, the recent capital-driven characteristics are obvious, and the group plate also directly affects the healthy interpretation of the market structure.
Looking back on the trend of BOC funds since 65438+February, we will find that BOC funds often show a net inflow when the market is adjusted, but when the market rises unilaterally, BOC funds are not in a hurry to enter the market. Today, with the correction of the market, the net inflow of northbound funds is relatively large, indicating that the main funds are still optimistic about the prospects of the A-share market, or they can attract funds through market adjustment.
It is not difficult to see that the differentiation of the market on the disk is still obvious, and the strong will always be the strong. The market capital style changes obviously, the chips of senior groups and individual stocks are loose, and the funds are more inclined to some low-valued varieties with relatively low value; Generally speaking, the profit effect of the market is relatively general. However, with the release of huge trading volume, it is expected that there is limited room for shock retracement, so don't worry too much.
65438+10.8, the A-share market changed from differentiation to decline, and all three A-share indexes closed down. As far as the disk is concerned, hot spots such as liquor, pork, aquaculture and military industry all fell today. From the disk information, it can be clearly seen that the sectors that have increased greatly in recent years are also facing deep adjustment, and the large consumption concept stocks led by liquor, beverage manufacturing and aquaculture have become the main direction of decline today. And the performance of financial stocks is not very good. The three major financial indexes of securities, banking and insurance all closed negative, and their supporting attributes have not been well reflected today. In particular, the banking sector, as an oversold sector, should have oversold rebound, but this wave of rise is still a negative adjustment, and the adjustment range of A shares will be increased in the future.
At present, the negative effect of extreme market is mainly manifested in the short-term continuous surge of some leading stocks, which is unreasonable, mainly due to the problem of institutional cohesion. Especially for some head funds, follow-up funds come in, and fund managers choose stocks that have been stockpiled before, which will not only lead to increased fluctuations in related varieties, but also lead to the risk of collapse.
In the next few years, with the real estate being put into limbo, the trend of a large amount of funds flowing out of real estate is irreversible, and the interest rate level is easy to fall but difficult to rise, and a considerable part of residents' deposits will flow into the fund. This means that a large number of investors will send bullets to the fund when they come back, and fund managers can only continue to hold a batch of YEs until the end of the year for safety and ranking.
At present, the fundamental support is strong, the liquidity is reasonable and abundant, and the logic of market improvement has not changed. Driven by capital and trading enthusiasm, the index will still maintain its main upward direction. Continue to persuade investors to allocate in a balanced way: on the one hand, pay attention to oversold technology stocks. In particular, semiconductors, chips and 5G have been comprehensively adjusted since the second half of last year. At present, leading varieties take the lead in rebounding. With the improvement of market risk appetite, the demand for repair is gradually increasing, and there is still room for rebound in the short term. Whether there is a bubble in the market has been controversial. Some people think there is always a bubble in the stock market. Just like beer, there is no beer without foam. The bubble theory has produced many large-scale market speculations. If you always suspect that there is a bubble, you will never make money. No one will go where there is no bubble. Only chasing bubbles can make money.
Most investors don't know the products they invest in, such as stocks and foreign exchange. When investing in financial management, we tend to follow suit. Therefore, the possibility of loss is greater. In this regard, individuals must have certain professional knowledge if they want to invest successfully in the rapidly changing market. Only by learning more knowledge and applying it to practical actions can we help ourselves get more benefits. There is a lot of detailed knowledge about China A-share market, which can be learned. For example, the difference between A shares and H shares.