Hexun Investment Advisor Wang Peicheng: The index is surging! 4,300 stocks are falling!

On March 1st, Wang Peicheng from Hexun Investment Advisory stated that today’s market trading volume reached 3 trillion yuan. Although the Shanghai Composite Index rose, it failed to break through the previous high, showing a divergence pattern of “index surging but previous high not broken.” The actual market data shows an average stock price decline of nearly 1.5%, with only about 1,000 stocks rising and 4,300 stocks falling. The market presents a typical “80/20 split”—large-cap stocks lifting the index, while thematic stocks decline across the board. For ordinary investors, caution is advised in current operations: before the market breaks through 4,190 points with a narrowing volume positive line, it is recommended to keep total positions around 30%. If future volume increases and the key level is broken, consider adding positions then. Relying solely on the rise of safe-haven sectors like non-ferrous metals and oil is unlikely to generate sustained profits. If ordinary investors blindly follow the index, they are very likely to “earn the index but not make money.” Therefore, it is recommended to patiently wait for the market to retest support levels before seeking opportunities. At this stage, it is safer to observe more and act less, with small positions for trial and error.