Outlook:
The index continued its shock consolidation on Tuesday, with a net inflow of nearly 8 billion yuan from the north. The three indexes opened high together, fell back and turned green in early trading, and the Shanghai index once fell below the 60 day moving average. In the afternoon, the index continued to fluctuate in a narrow range, and finally the Shanghai index rose, the Shenzhen index and the gem index fell, and the gem index fell by more than 1%. Individual stock sectors rose and fell, with building materials, household appliances, architectural decoration, real estate and other sectors leading the rise, while the trend of national defense and military industry, non-ferrous metals, electrical equipment, electronics, automobile and other sectors was weak. In terms of market environment, the people’s Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage points on December 15, 2021. The reduction released a total of about 1.2 trillion yuan of long-term funds, effectively mobilizing the enthusiasm of market transactions. In addition, the General Administration of Customs released China’s foreign trade data in November. In dollar terms, exports increased by 22% year-on-year in November, while imports increased by nearly 32%, both exceeding expectations. From a technical point of view, the trend of the index is obviously differentiated. The Shanghai index closed up slightly in shock consolidation, while the gem index continued to callback. However, the net inflow of northward funds for five consecutive days, and the net inflow of nearly 8 billion yuan on Tuesday, coupled with the implementation of the central bank’s RRR reduction, the market is expected to rise in repeated shocks, and pay attention to the flow of foreign capital and plate rotation. In terms of operation, it is recommended to pay attention to finance, food and beverage, chemical industry, electrical equipment, TMT and other industries.
