In January 2022, the index fluctuated and corrected, and the individual stock sector showed a general downward trend. The three major indexes fluctuated and corrected throughout the month, and the monthly line fell, hitting a new low at this stage, and the market trend was weaker than expected. As of January 28, the monthly K line of Shanghai stock index fell by 7.65%, the monthly K line of Shenzhen composite index fell by 10.29%, and the monthly K line of gem index fell by 12.45%. Individual stock sectors generally fell, only banks rose, while national defense and military industry, medicine and biology, media, beauty care, electronics and other sectors fell ahead. On the whole, the trend of finance, infrastructure, real estate and other sectors is relatively stable, while the pharmaceutical, chemical, military and other sectors continue to callback, and the market sector differentiation is obvious.
In January, the average increase of stock portfolio was - 8.81%, while the Shanghai and Shenzhen 300 fell by 7.62% in the same period. In January, the yield of stock portfolio slightly lost the market. From the performance of individual stocks, the performance was relatively differentiated, China Merchants Bank Co.Ltd(600036) performed better, and the trend of individual stocks such as Aecc Aviation Power Co Ltd(600893) and Zhejiang Weiming Environment Protection Co.Ltd(603568) was weak.
Market Research and judgment in February 2022: it is expected to stabilize and strengthen. Judging from the market environment in February 2022, covid-19 epidemic continues to disturb and the global economic uncertainty intensifies. China's steady growth policy has begun to work, and the downward pressure on the economy remains. Thanks to the help of policies such as ensuring supply and price stability and helping enterprises to bail out, industrial production maintained stable growth and highlighted development resilience. However, the demand for investment and consumption is still weak, and the recovery rhythm of various departments is differentiated. In terms of capital, the central bank increased capital investment at the beginning of the year, successively lowered several policy interest rates, and restarted the 14 day reverse repo operation, which contributed to the stable cross section of liquidity and the overall stability and looseness of capital. From a technical point of view, the current market shock adjustment, the index fell below the annual line, the trend is weak. The Federal Reserve released a partial "hawkish" signal, strengthened the loose monetary policy and fully withdrew from the position. Overseas geopolitical events remain to be observed. Near the Spring Festival, investors' willingness to trade is low, and the volume of the two markets can fall significantly. Although the technical trend has weakened, at present, China's economic fundamentals are stable and good, and the capital level remains stable and loose. The short-term market volatility is more affected by factors such as institutional position adjustment at the beginning of the year and the policy expectation of the Federal Reserve, and the market style turns to undervalued blue chip. At present, the overall valuation level of A-Shares is relatively reasonable, the market toughness is significantly enhanced, and there is little possibility of continuous adjustment. In addition, the northward capital also maintains a net inflow. It is expected that with the gradual release of market selling pressure, the market is expected to stabilize and strengthen in February. Pay attention to the gains and losses of the annual line, sector rotation and holiday news.
The reasons for recommendation and target price in this article are for reference only and do not constitute trading suggestions. The stock market is risky and investment should be cautious.
