On February 8, the Shanghai Stock Index fluctuated downward in the morning, once falling more than 1% and losing 3400 points. In the afternoon, driven by financial and other sectors, it rebounded higher and returned to above 3400 points; The Shenzhen Component Index and the gem index fell sharply during the session. The Shenzhen Component Index once fell nearly 3%, the gem index fell more than 4%, fell to 2800 points, and the decline narrowed significantly in the afternoon; The transaction between the two cities was nearly 880 billion yuan, and the northward capital turned into a net outflow in the afternoon.
As of the close, the Shanghai index rose 0.67% to 3452.63.72 points, the Shenzhen composite index fell 0.98% and the gem index fell 2.45%; The total turnover of the two cities was 878.8 billion yuan, with a net outflow of 817 million yuan from the north.
On the disk, most of the sectors in the two cities strengthened, with coal, tourism, construction, steel and other sectors leading the increase, while insurance, real estate, securities companies, electric power, oil, banking and other sectors pulling up; Semiconductor, Baijiu and lithium ore sectors weaken. Digital currency, gambling concept, online games and other themes are active.
Founder Securities Co.Ltd(601901) believes that the current adjustment of the A-share market is coming to an end, and the market situation in February is worth looking forward to. On the one hand, the current market adjustment range has been relatively sufficient; On the other hand, the Fed’s interest rate hike will not necessarily lead to the rise of China’s interest rate. The current market liquidity and policy environment are very friendly to the market. In the context of relatively abundant and friendly liquidity environment, low overall market valuation and the industrial logic of the zugra cycle of emerging industries, we are optimistic about the market performance of science and technology growth companies represented by new energy and TMT.
Shang Securities said that after the oversold, there may be a short-term or phased rebound, but looking forward to February to march is not a good opportunity to attack. Patiently wait for the Federal Reserve to raise interest rates and continue to explore the stable growth chain and travel chain with the characteristics of “three lows”, At the same time, reserve new growth chains represented by science and Innovation Board (domestic substitution represented by semiconductors and specialized special innovation, intelligent driving, industrial intelligence represented by industrial software, etc.). Among them, for the “three low” direction, in terms of steady growth, pay attention to banks, real estate, construction, household appliances, roads, etc; In terms of travel chain, it pays attention to airports, airlines, hotels, etc.
