Market Overview
The three major A-share indexes collectively closed up on Tuesday, with the gem index rising more than 1%. The market turnover reached 1 trillion yuan, the industry sector rose more or less, lithium concept stocks rose sharply, and the power and coal industry led the decline.
Since this year, northbound funds have massively allocated more than 400 billion a shares, breaking the net purchase record of 350 billion yuan in 2019, a new high since the opening of the Shanghai Stock connect. From the perspective of the industries with increased positions of funds from the north this year, power equipment, electronics and big finance are highly valued, especially power equipment, which has been net purchased by the north in more than 120 billion yuan during the year.
However, the style change is a significant trend in the near future. In particular, the value sector, including food and beverage, non bank finance and banking, has significantly increased its position in the north after entering the fourth quarter. Technically, the Shanghai stock market is competing repeatedly near the 20 day moving average. If it can stand firm, it is expected to maintain the rebound trend. In the future, we will continue to pay attention to the direction of the 5-day moving average. At present, the shock is ready. The short-term adjustment trend of gem needs time to change. Pay attention to the recovery of the 5-day moving average.
