Due to the gradual digestion of the emotional impact of Omicron covid-19 variant virus on the A-share stock market, the market sentiment has warmed up. The Shanghai Composite Index performed relatively well, up 1.21%, and the gem composite index performed the worst, up 0.28%.
In terms of market style last week, the stable performance was relatively good: 4.23%, and the consumption performance was relatively poor: 0.12%;
In terms of style index performance last week, the small cap index performed relatively well: 1.43%, and the large cap index performed relatively poorly: 1.27%. We believe that due to the expectation of stabilizing credit and the PMI data in November, the economic recovery is obvious under the continuous force of the policy of “ensuring supply and stabilizing price”, and the A-share market can be fully repaired;
As of December 3, the PE (TTM) of Shanghai composite index was 13.59 times, that of Shenzhen composite index was 37.888 times and that of gem was 65.16 times.
From the perspective of PE, in shenwanyi industry, the valuations of food and beverage, electrical equipment and automobile are significantly higher than the historical average, and the industry valuation quantiles are 91%, 95% and 99% respectively; The valuation of mining, real estate, transportation and other industries is significantly lower than the historical average, and the industry valuation quantiles are 3%, 3% and 9% respectively.
As of December 5, the P / E ratio of S & P 500 was 25.16 times, down 1.37% from the previous week, and the P / E ratio of Dow Jones Industrial was 24.91 times, down 0.09% from the previous week; The price earnings ratio of the NASDAQ index was 37.46 times, down 2.81% from the previous week.
As of December 5, the P / E ratio of Hang Seng in Hong Kong was 10.42 times, down 0.87% from the previous week, and the P / E ratio of Hang Seng China enterprise index was 9.78 times, down 1.32% from the previous week; Hang Seng Hong Kong’s 35 P / E ratio was 20.42 times, down 1.78% from the previous week.
Risk tip: the epidemic situation is repeated, the liquidity is lower than expected, and the market fluctuates sharply
