On February 11, the stock index fell in intraday shock, and then rose higher driven by the financial, real estate and other sectors. It once broke through 3500 points and fell again in the afternoon, ending the positive closing for four consecutive days; The Shenzhen Component Index and the gem index fell sharply in the afternoon, and the gem fell by nearly 3%; The turnover of the two cities has been enlarged, with a full day turnover of about 990 billion yuan; There was a slight net inflow of funds from the north.
As of the closing, the Shanghai index fell 0.66% to 3462.95 points, the Shenzhen composite index fell 1.55% to 13224.38 points, the gem index fell 2.84% to 2746.38 points, and the Shanghai 50 index rose 0.83%; The total turnover of the two cities was 991.5 billion yuan, and the net purchase of funds from the North was 1.005 billion yuan.
On the disk, the sectors of medicine, health care, agriculture, automobile, food and beverage fell sharply, the concepts of covid-19 medicine and covid-19 detection were severely frustrated, the sectors of insurance, coal, banking and real estate rose against the market, and the concepts of lithium extraction from Salt Lake and digital currency were active; Contemporary Amperex Technology Co.Limited(300750) fell more than 5% and fell below the 500 yuan mark; The stock has fallen 17% since the year of the tiger.
Guosheng Securities pointed out that the overseas market performed well during the Spring Festival, which significantly boosted investor sentiment. The opening of A-Shares in the year of the tiger became an important phased low point of the market as scheduled. After the festival, with the appropriate advance of the policy end and the expected warming of the two sessions, the Shanghai index is expected to return to the rising channel. Considering that the pattern of strong and deep weakness in Shanghai has not ended, it is suggested to maintain the allocation proportion of value higher than growth in investment. In terms of operation, before the effective upward breakthrough in the market, we should still control the overall position and be suitable for low absorption. “Stable growth” and “post epidemic era” will become the main logic driving the operation of the market. We should pay attention to traditional infrastructure such as building materials, as well as undervalued sectors such as banking and insurance. It is suggested to combine the performance and cost performance, and properly layout the digital economy, central enterprise reform, tourism hotels Theme sections such as air transportation.
Soochow Securities Co.Ltd(601555) said that the gem index was dragged down by the continuous sharp decline in the direction of Contemporary Amperex Technology Co.Limited(300750) and medicine, and there was no signal of stabilization in the technical side. In the short term, it is still recommended to wait and see carefully. In the direction of weighted blue chip, after the short-term positive rebound, we should also consider the possibility of the market stepping back. From the perspective of trading volume, the liquidity of the market after the festival has reached a higher level than that in the early stage, It means that the trading opportunities are decreasing, which is reflected in the fast rotation of sector themes on the disk, and it is difficult to participate. In terms of operation, it is recommended to light the index and focus on individual stocks, cautiously pursue the rise, and try to avoid crowded hot tracks. In the short term, we can focus on the recovery line and digital economy, and in the medium and long term, we should pay attention to the allocation opportunities of Hong Kong stocks.
