Stock index futures
1、 Market Review
The contraction of A-Shares rebounded, and the three major stock indexes rose by more than 1%. Subject stocks blossomed at many points. The Shanghai index returned to 3600 points and recorded the largest one-day increase in three months. The Shenzhen Composite Index hit 15000 points, and the gem index recovered 3400 points. The Shanghai Composite Index rose 1.18% to 3637.57 points, the Shenzhen Composite Index rose 1.82% to 14964.46 points, and the gem index rose 1.66% to 3424.7 points. The turnover of the two cities was 1.1 trillion yuan, breaking the trillion scale for 34 consecutive trading days, but the volume decreased by about 100 billion yuan compared with yesterday; The actual net purchase of northbound funds was nearly 10 billion yuan. SSE 50 closed at 3304.71, CSI 300 at 4995.93 and CSI 500 at 7302.99.
2、 Market analysis
In this morning’s review, we said: “Yesterday, A-Shares opened higher and went lower, and the large and small indexes differentiated again. The heavyweight stocks led by real estate performed well, while the subject stocks continued to be weak. The net capital investment actually generated by the RRR reduction was about 400 billion, which was basically the same as that in the same period of last year. On the premise that the RRR has been reduced, the probability of interest rate reduction has been further reduced, and the follow-up of monetary policy is weak. The benefits of RRR reduction have been realized, and large and small ticket stocks There will be greater differentiation, the rebound of the stock index is limited, and the Shanghai and Shenzhen 300 index will fluctuate near 4900. ” The actual trend of stock index volatility is rising, the trend is stronger than expected, Baijiu plate led, IH stronger than IC. In December, the Politburo meeting pointed out that next year’s economic work should be stable and seek progress while maintaining stability. The formulation of “stable” is the first reappearance after the central economic work at the end of 2019, which is of signal significance. The intensity of setting the tone for steady growth next year will be strengthened, and the policy environment will be stable and loose, which is good for the market. European and American stock markets generally started to rebound, eased concerns about overseas epidemic, and the market themes were all warmed up, and the support index such as financial and Baijiu weights increased. However, the volume of trading did not significantly enlarge today, and the stock index continued to lift slightly. The pressure level of Shanghai and Shenzhen 300 index was 5050 points, supporting position 4770 points.
