Core view
Last week, the A-share market was active, and the transaction amount of the two cities stood at the trillion mark for three consecutive trading days. The A-share market showed a shock pattern as a whole, and the main index closed up and rebounded on Friday. The market sentiment was disturbed by the geographical situation, the global financial market showed great volatility, and the market risk aversion was further fermented. On Friday, the Secretary of the Russian president said that Putin would send a delegation to Minsk to negotiate with Ukraine. Affected by this, the bullish sentiment of investors was boosted, the European and American stock markets rose sharply, and the three major stock indexes of the United States closed up.
In the A-share index last week, the comprehensive performance of gem was relatively good: 1.03%, and the performance of SSE 50 was relatively poor: - 2.76%.
From the perspective of last Tuesday's eight day conversion, the small cap index performed relatively well: 0.50%, and the large cap index performed relatively poorly: - 2.64%.
In terms of market style last week, the growth performance was relatively good: 1.88%, and the financial performance was relatively poor: - 3.77%.
As of February 25, the PE (TTM) of Shanghai composite index was 13.21 times, that of Shenzhen composite index was 35.17 times and that of gem was 55.15 times.
From the perspective of PE, in shenwanyi industry, leisure services are significantly higher than the historical average, and the industry valuation quantile is 88.3%; The valuations of food and beverage and automobile industries are slightly higher than the historical average, and the industry valuation quantiles are 81.9% and 86.3% respectively; The valuations of electronics, non-ferrous metals and steel industries were significantly lower than the historical average, and the industry valuation quantiles were 7.7%, 14.7% and 15.9% respectively.
As of February 25, the price earnings ratio of S & P 500 was 21.54 times, down 1.41% from the previous week, and the price earnings ratio of Dow Jones Industrial was 22.37 times, down 0.01% from the previous week; The price earnings ratio of the NASDAQ index was 32.03 times, up 0.05% from the previous week.
As of February 25, the price to book ratio of Hang Seng in Hong Kong was 1.08 times, down 6.63% from the previous week, and the price to book ratio of Hang Seng China enterprise index was 1.03 times, down 6.87% from the previous week; Hang Seng Hong Kong's 35 price to book ratio was 1.08 times, down 5.94% from the previous week.
Risk tip: the epidemic situation is repeated, the liquidity is lower than expected, and the market fluctuates sharply
