Hexun Investment Advisor Wen Taibin: Why the Divergence Between Shanghai's Weakness and Shenzhen's Strength? 3 Key Points

2026-03-17 11:10:51

A-shares are showing more divergence. Will they go up or down tomorrow?

Hedong Investment Advisor Wen Taibin said that the Shanghai Composite Index has fallen for three consecutive days, which should be a sign of a rebound. However, given the recent poor market performance, Wen believes that there will be resistance when prices rise, so the resistance level for the Shanghai Index tomorrow is around 4115 points. Why is there a divergence between the weak Shanghai and the strong Shenzhen today? Three points explain this: first, support is effective. The 4050-point level, which Wen has mentioned multiple times, continues to attract funds, indicating bottom-fishing activity there.

Second, style switching. Funds are abandoning high positions and favoring low-priced stocks such as white wine, dairy, and grain sector stocks.

Third, hot spots are catalyzing. Nvidia’s GTC conference, computing power collaboration, and other factors have boosted the semiconductor and optical module sectors. Meanwhile, financial sectors like insurance and securities are not attracting funds, leading to market divergence.

Where are the opportunities tomorrow? Wen suggests paying attention to component stocks.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.