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A shares are on the hot search again!

Today, A-shares adjusted deeply, with the Science and Technology Innovation 50 Index plummeting by more than 4%, the ChiNext Index also plummeting by more than 3%, and major stock indices such as the Shenzhen Component Index and the CSI 300 Index all falling by more than 2%. More than 4,500 stocks in the two markets fell, with a turnover of 662.2 billion yuan.

On the market, DRG-DIP concept, family doctors, public transportation, banks and other sectors led the gains, while nonferrous metals, semiconductors, lithography machines, memory chips and other sectors led the losses.

The ST sector plunged sharply near the closing, and *ST Renle, *ST Longjin, ST Chuntian, ST Baili and other stocks that had recently hit the daily limit collectively collapsed. Their share prices fell straight to the limit from the daily limit, and many of them experienced "ceiling and floor" market conditions.

Wind's real-time monitoring data shows that the banking industry received a net inflow of more than 3.3 billion yuan, transportation received a net inflow of nearly 1.2 billion yuan, and public utilities, environmental protection, etc. received a net inflow of more than 100 million yuan. The electronics industry saw a large net outflow of nearly 5.2 billion yuan, non-ferrous metals saw a net outflow of more than 2.4 billion yuan, and food and beverage, pharmaceuticals and biology also saw a net outflow of more than 1 billion yuan.

Looking ahead to the future market, Huafu Securities said that the A-share market is currently in a period of pain due to economic transformation and system improvement. With the continued introduction of various reform measures in the capital market, the ecology of the capital market is expected to be significantly restored, and market confidence will also be driven by reform, ultimately achieving healthy development of the market.

Industrial Securities pointed out that the current situation is similar to late April, and the market is still in a window where risk appetite is slowly climbing and repairing from an overly pessimistic state. The market style will also spread from a defensive state to a high prosperity and high ROE direction. But it should be emphasized that this spread is limited. It is a spread in the beta of large-cap leaders in the context of high-win investment era, and does not support the market to return to the style of small and micro-cap stocks and theme speculation. Focus on the repair opportunities in the direction of high ROE and high prosperity represented by core assets.

In terms of hot spots, high-dividend, low-valuation bank stocks became a safe haven in the market amid the weakness, and the sector index rose by more than 2% during the session, hitting a record high. Industrial and Commercial Bank of China, Bank of China, and Agricultural Bank of China all hit record highs (adjusted, the same below), China Construction Bank was also near its historical high, and Bank of Communications hit a 16-and-a-half-year high.

Ping An Securities believes that dividends are preferred in the asset shortage, and at the same time pays attention to the catalytic effect of policy efforts on high-quality small and medium-sized banks. It continues to be optimistic about the performance of the banking sector throughout the year. In the context of asset shortage, the allocation value of banks as fixed-income assets still exists. The current static valuation of the banking sector is 0.61 times. Calculated on the latest trading day, the average dividend yield of listed banks is 4.94%, which is still high compared to the risk-free interest rate premium level.

DRG-DIP concept stocks surged in the afternoon, with the sector index soaring nearly 12% at one point. By the close, the increase had slightly retreated, but it still surged 9.25%, setting a record for the largest single-day increase in history. The trading volume in less than an hour in the afternoon exceeded the trading volume of the whole day yesterday. All stocks in the sector rose against the trend, with Sichuang Medical and Wanda Information hitting the daily limit of 20%, Rongke Technology, Saili Medical, and Guoxin Health hitting the daily limit or rising by more than 10%.

On the news front, today, the National Healthcare Security Administration held a press conference and announced the "Notice of the Office of the National Healthcare Security Administration on Issuing the 2.0 Version of the Grouping Scheme for Payment by Disease Groups and Disease Types and Deepening Related Work" (hereinafter referred to as the "Notice").

The Notice emphasizes that all coordinated regions should conscientiously organize and carry out monthly settlement work to further improve settlement efficiency. In principle, the fee settlement time shall not exceed 30 working days from the day after the application deadline. The DRG/DIP grouping and settlement information shall be promptly and comprehensively reported to medical institutions on a quarterly or monthly basis to guide medical institutions to adjust and standardize their behavior. Medical institutions shall not use the DRG/DIP disease group (disease type) payment standard as a limit to assess medical personnel or link it with performance distribution indicators.

Editor: Peng Bo

Proofreading: Yang Lilin