On the first trading day of the year of the tiger, A-Shares finally “stood up” and welcomed a good start. On February 7, the three major A-share indexes collectively closed up, among which the Shanghai composite index returned to 3400 points, up 2.03%. The Shenzhen Component Index and the gem index closed up 0.96% and 0.31% respectively. In terms of individual stocks, as of the close of the day, more than 3500 shares rose. In terms of sectors, the infrastructure industry and energy sectors such as combustible ice, oil and steel led the rise, and the engineering consulting service sector rose by more than 8%. In addition, the Beijing Winter Olympics sector was also sought after by funds. Industry experts believe that the year of the tiger A-Shares have a good start, which is in line with expectations and optimistic about the future market.
Shanghai index returns to 3400
At the beginning of the year of the tiger, the Shanghai Composite Index rose 2.03% and returned to 3400 points.
The trading market showed that on February 7, the three major stock indexes collectively opened higher, with an increase of more than 1%. Among them, the Shanghai composite index opened at 3407.76 points, up 1.38%; The Shenzhen composite index opened at 13558.94 points, up 1.73%; The gem index opened at 2972.19 points, up 2.17%.
After the opening, the trend of the three major stock indexes differentiated. Among them, the Shanghai Composite Index fluctuated higher and finally closed up 2.03% to 3429.58 points. The Shenzhen Composite Index and the gem index corrected somewhat, and the Shenzhen composite index closed up 0.96% to 13456.65 points. The gem index rose and fell, turned green for a time, and finally closed up 0.31% to 2917.86.
In terms of individual stocks, the A-share market rose more and fell less. According to statistics, a total of 3513 stocks rose and 1125 stocks fell in the two cities. The rising stocks accounted for more than 70% of all tradable stocks on that day.
In terms of trading volume, on February 7, the turnover of Shanghai stock market was 357.1 billion yuan, that of Shenzhen stock market was 466 billion yuan, and the total turnover of Shanghai and Shenzhen stock markets was 823.1 billion yuan. It is worth mentioning that “ningwang” Contemporary Amperex Technology Co.Limited(300750) was the stock with the highest turnover on February 7, with a turnover of 8.59 billion yuan. However, on February 7, Contemporary Amperex Technology Co.Limited(300750) opened higher and went lower, closing down 2.22% to 579.44 yuan / share.
Under the general rise of the three indexes, on February 7, the trading activity of northward funds increased, with a total net purchase of 5.552 billion yuan, including a net purchase of 6.628 billion yuan by Shanghai Stock connect and a net sale of 1.076 billion yuan by Shenzhen Stock connect.
infrastructure and energy related sectors are popular
In terms of sectors, on February 7, the sectors rose more or fell less, among which the infrastructure industry and energy industries such as steel and oil performed prominently, and the sectors such as Beijing Winter Olympics and ice and snow sports were also sought after.
Specifically, China stock market news showed that on February 7, of the 467 sectors in the two cities, only 59 fell and more than 400 closed up. Among them, engineering consulting services, mining industry, combustible ice and other infrastructure and energy related sectors led the increase, closing up 8.38%, 7.46% and 7.44% respectively. Only one of the 36 stocks in engineering consulting services fell, while a total of 36 stocks in combustible ice and mining industries closed higher.
From the perspective of individual stocks, the central consulting of individual stocks of the Beijing stock exchange rose by 29.98%; The “20cm” limit of Shenzhen Institute Of Building Research Co.Ltd(300675) , Hualan Group Co.Ltd(301027) , Henan Provincial Communications Planning & Design Institute Co.Ltd(300732) and other stocks rose, as did Huitong group, Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Beijing Hanjian Heshan Pipeline Co.Ltd(603616) .
In addition, like a raging fire in Bing dwen dwen and other surrounding products, the Winter Olympic concept stocks strengthened in February 7th. Among them, Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) , Cultural Investment Holdings Co.Ltd(600715) “one” word limit, Hangzhou Wensli Silk Culture Co.Ltd(301066) , Beijing Caishikou Department Store Co.Ltd(605599) and other stocks rose.
There are joys and sorrows. On February 7, more than 40 stocks also fell by the limit. Among them, after the resumption of trading of 4x bull stocks Aba Chemicals Corporation(300261) , the word “one” fell by 19.99% to the limit price of 21.86 yuan / share. In addition, some performance explosion stocks fell sharply against the trend, such as Jiangxi Zhengbang Technology Co.Ltd(002157) , Dr.Peng Telecom&Media Group Co.Ltd(600804) , Guangdong Taiantang Pharmaceutical Co.Ltd(002433) and other stocks falling by the limit in batch.
experts are optimistic about the future market
On the first trading day of the year of the tiger, the A-share market made a good start. Investors pay more attention to how the future market will go.
According to Yang Delong, chief economist of Qianhai open source fund, the A-share market made a good start as scheduled. During holidays, peripheral markets generally rose sharply, creating an opportunity for the A-share market to make a good start. The negative factors that suppressed the market in January, such as the decline in economic growth, the Fed’s interest rate hike and the global outbreak, have been reflected in advance to a certain extent, and their impact on the future market has gradually decreased, which also created conditions for the counterattack of A-Shares after the Spring Festival. In addition, Yang Delong believes that the impact of US stocks on A-Shares is not so great. The decline of A-Shares before the festival is an excessive interpretation of negative factors.
Yang Delong said that the A-share year of the tiger is a good omen. The year of the ox stock market has been adjusted for almost a year. The “year of the ox is not a cow” has provided conditions for the rise of the year of the tiger to a certain extent. This year will be a big year for A-share market value investment, and some bruised high-quality leading stocks are expected to usher in the opportunity of restorative rise.
Bai Wenxi, chief economist of IPG China, also believes that under the shadow of US inflation and interest rate hike, the Chinese market has become one of the important investment havens. In addition, China’s market scale, effective control of the epidemic, continuously increased expectations of loose policies and the strong resilience of China’s industrial base are all market boosting factors.
Zhou Yunnan, founder of Beijing Nanshan investment, said in an interview with the Beijing Business Daily that there are three main reasons for the good start of the year of the tiger: first, people’s desire to rise and market sentiment to improve; Second, during the Spring Festival holiday, overseas stock markets in Hong Kong, China and the United States closed up, and the external environment was good; Third, the Beijing Winter Olympics was successfully opened with a good internal atmosphere. Zhou Yunnan believes that the short-term future market continues to be optimistic, and the middle line may be adjusted.
