Last week was the first trading week of the year of the tiger. The A-share market fluctuated downward as a whole, and the trend of the three major indexes was divided. The Shenzhen composite index was five consecutive negative and the gem was three consecutive negative; Major stock markets in Europe and the Asia Pacific collectively fell, while the three major stock indexes of US stocks closed down.
In the A-share index last week, the Shanghai Composite Index performed relatively well: 3.02%, and the gem composite index performed relatively poorly: – 5.59%.
Last Tuesday, the market index performed relatively well: 3.63%, and the middle index performed relatively poorly: 2.82%.
In terms of market style last week, the stable performance was relatively good: 7.00%, and the growth performance was relatively poor: – 1.89%.
As of February 11, the PE (TTM) of Shanghai composite index was 13.36 times, that of Shenzhen composite index was 34.19 times and that of gem was 51.58 times.
From the perspective of PE, in shenwanyi industry, leisure services are significantly higher than the historical average, and the industry valuation quantile is 90%; The valuation of automobile, food and beverage, agriculture, forestry, animal husbandry and fishery industries is slightly higher than the historical average, and the industry valuation quantiles are 85%, 82.5% and 72.3% respectively. The valuations of electronics, non-ferrous metals and steel industries were significantly lower than the historical average, and the industry valuation quantiles were 5.2%, 8.6% and 15.3% respectively.
As of February 11, the price earnings ratio of S & P 500 was 22.47 times, down 4.46% from the previous week, and the price earnings ratio of Dow Jones Industrial was 22.93 times, down 2.87% from the previous week; The price earnings ratio of the NASDAQ index was 33.03 times, down 2.52% from the previous week
As of February 11, the price to book ratio of Hang Seng in Hong Kong was 1.18 times, up 6.30% from the previous week, and the price to book ratio of Hang Seng China enterprise index was 1.13 times, up 6.99% from the previous week; Hang Seng Hong Kong’s 35 price to book ratio was 1.15 times, up 3.92% from the previous week.
Risk tip: the epidemic situation is repeated, the liquidity is lower than expected, and the market fluctuates sharply
