On December 29, the Shanghai stock index fell by nearly 1% in the afternoon and fell to 3600 points; The Shenzhen Composite Index and gem index both fell by more than 1%; In terms of sectors, the brewing sector fell sharply, and the power, agriculture, semiconductor and other sectors weakened; Military industry, medical care and other sectors strengthened; The turnover of the two cities fell back and returned to below trillion again; Northbound funds bought slightly net.
As of the close, the Shanghai index fell 0.91% to 3597 points, the Shenzhen composite index fell 1.24% to 14653.82 points, and the gem index fell 1.4% to 3281.9 points; The total turnover of the two cities was 997.3 billion yuan, and the net purchase of funds from the North was 662 million yuan.
Guosheng Securities pointed out that near the end of the year, the current market has an obvious mood of avoiding high and low, and the plates with large increase in the early stage have ushered in adjustment. The main reasons are the large uncertainty of market liquidity at the end of the year and the lack of capacity due to the fact that the northbound funds are only traded for one trading day this week. In terms of operation, we should pay more attention to the direction of high performance growth in the coming year in the future. At present, the adjustment range of this round of boom track is greater than 15%. As the direction of sustained boom in the coming year, we can pay more attention gradually; In addition, the overall A profit growth rate decreased in 2022 or larger. Baijiu and the selected food sector with stable growth can also be concerned.
Haitong Securities Company Limited(600837) said that from the review of previous restless market at the end of the year and the beginning of the year, the cross year market usually occurs every year. The reason behind this is that the end of the year and the beginning of the year are often the time window for major meetings. At the same time, there are few basic data disclosure of A-Shares from November to March, and the capital interest rate usually falls at the beginning of the year, so the risk preference of investors in the beginning of the year is relatively higher. On the whole, the market performance from July to October this year is relatively weak, the current valuation is acceptable, and the liquidity is relatively abundant. Based on the history, this cross year market may be started in advance this year. The rise of the index is not violent at present, but the bottom of the market has been slowly rising. Before November, the bottom of the CSI 300 was about 4800 points, and the bottom of the index has been significantly raised recently. Specifically, we can focus on three main lines: undervalued big finance, high boom hard technology and consumption follow-up rebound.
(Securities Times)
