Rongwei securities Liu Sishan: the stock index fell generally and the Shanghai index fell 3400 points, with strong risk aversion

Near the penultimate trading day of the year-end closing, stocks in the two cities fell, all sectors were spared, and all industry indexes closed green. On the disk, all sectors fell, while banks, covid-19 treatment and other sectors fell less. In terms of decline, subject stocks generally fell, and digital economy related sectors led the decline. Overall, today’s individual stocks fell more or less, with less than 300 rising stocks in the two cities, more than 4300 falling stocks, more than 100 stocks falling by the limit and falling by more than 10%, and the median rise of individual stocks today was – 3.1%. The turnover of Shanghai and Shenzhen stock markets today was 822.9 billion, 28.7 billion more than that of the previous trading day. As of the close, the Shanghai index closed at 3394.25 points, down 1.78%, the Shenzhen index closed at 13398.84 points, down 2.77%, and the gem index closed at 2906.76 points, down 3.25%.

In terms of sectors, no sector rose, while digital currency, precious metals, tourism, network security, domestic software and other sectors led the decline. Among them, covid-19 treatment sector rose abnormally in the afternoon, Xinxiang Tuoxin Pharmaceutical Co.Ltd(301089) rose by more than 10%, followed by Andon Health Co.Ltd(002432) , Zhejiang Jianfeng Group Co.Ltd(600668) , Zhejiang Cheng Yi Pharmaceutical Co.Ltd(603811) , Jiangxi Fushine Pharmaceutical Co.Ltd(300497) , Fujian Cosunter Pharmaceutical Co.Ltd(300436) .

The short-term market may focus on the shock consolidation after rapid downward exploration. If the rise is accompanied by the effective amplification of trading volume, it can be regarded as a long signal. Many technical indicators have shown oversold status. In terms of time, it coincides with the closing of the opening year of the East Olympic Games. According to the Convention, the market hedge funds are bound to flee. It is expected that the inflection point of the downward exploration shock consolidation policy will be from February to March, After the Spring Festival, we will usher in the time window of the national two sessions, appropriately maintain position control, and pay attention to the bargain hunting layout opportunities of blue chip stocks in the annual report.

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