Outlook:
On Wednesday, the index contracted and adjusted, and the Shanghai index temporarily lost 3600 points. The three indexes opened up mixed, followed by Baijiu, Chinese medicine and other sectors of the callback, drag index fell in a row. In the afternoon, the trend of the index was stable, and finally the index closed down, with a decline of about 1%. Individual stocks fell more and rose less. National defense and military industry, transportation, comprehensive, basic chemical industry, light industry manufacturing and other sectors led the gains, while food and beverage, public utilities, agriculture, forestry, animal husbandry and fishery, household appliances, commerce and retail and other sectors had a weak trend. In terms of market environment, the central bank said that the total amount of money and credit should grow steadily in 2022, the formation and transmission mechanism of market-oriented interest rate will be improved, the efficiency of quotation interest rate reform in the loan market will be brought into play, the comprehensive financing cost of enterprises will be reduced steadily, and the steady development of the real economy will be protected. In addition, the central bank continued to carry out RMB 200 billion reverse repurchase on Wednesday to maintain year-end liquidity. From a technical point of view, the index shock callback, the Shanghai index temporarily lost 3600 points. Near the end of the year, institutions have a strong desire to adjust positions, and the volume of the two cities can fall below trillion. However, at present, the fundamentals are stable, the policies are gradually implemented, and the small net inflow of funds from the North has boosted market confidence. It is expected that the market is expected to strengthen in repeated shocks, and pay attention to the change of volume and energy and the rotation of plates. In terms of operation, it is recommended to pay attention to finance, food and beverage, household appliances, building materials, TMT and other industries.
