Shanghai Stock Index V-shaped reversal, coal and other sectors were among the top gainers

On February 8, the three major A-share indexes fluctuated. According to wind data, as of the close, the Shanghai Composite Index rose 0.67% to 3452.63 points; The Shenzhen composite index fell 0.98% to 13325.41 points; The gem index fell 2.45% to 2846.48.

The Shanghai Composite Index reversed its V-shape throughout the day and closed at an intraday high. The Shenzhen Component Index once fell by more than 3%, the gem once fell by more than 4%, and the decline of the index narrowed in the afternoon. During the session, Wuxi Apptec Co.Ltd(603259) limit once triggered various “Mao” diving in turns, Contemporary Amperex Technology Co.Limited(300750) fell by nearly 10%, and Luxshare Precision Industry Co.Ltd(002475) , Naura Technology Group Co.Ltd(002371) , Yunnan Energy New Material Co.Ltd(002812) , Ganfeng Lithium Co.Ltd(002460) , Eve Energy Co.Ltd(300014) collapsed one after another. However, the performance of coal and steel sectors was strong, and the financial sector stepped forward, Guolian Securities Co.Ltd(601456) and the daily limit of Bank of Lanzhou, Xiamen Bank Co.Ltd(601187) rose by more than 5%.

Among the shenwanyi industry sectors, coal, comprehensive, social services and other sectors led the increase; Power equipment, electronics, food and beverage, etc. led the decline.

Among the concept sectors, coal mining, today’s headlines, the first board and other concept sectors led the increase; Ning combination, lithium negative electrode, power battery and other concept sectors led the decline.

China Securities Co.Ltd(601066) believes that the current market sentiment has reached the lowest point in nearly three years, the main stock indexes and industry sectors have been fully adjusted, and there is a basis for rebound in the future. The current strong RMB exchange rate will provide greater support for the independence and flexibility of China’s monetary policy. Therefore, we should still have confidence in the stabilization and rebound of the market after the festival.

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