As of the closing on January 11, 2022, the Shanghai Composite Index fell 0.73% to 3567.44 points, the Shenzhen composite index fell 1.27% to 14223.35 points, and the gem index fell 1.28% to 3056.15 points. A total of 1695 stocks rose and 2823 fell on the market. 70 stocks in the two cities rose by 10% or more.
From the disk point of view, both Shanghai and Shenzhen markets opened low, with traditional Chinese medicine, pharmaceutical commerce and other industry sectors leading the rise, and the performance of virtual digital people, digital currency, digital reading and other industry sectors was depressed. Concepts such as assisted reproduction, in vitro diagnosis, hair medicine, Helicobacter pylori and Alzheimer’s disease led the gains.
Chinese medicine stocks rose 57.44% in the past year and 29.16% in the past month. In terms of news, on December 30, 2021, the state medical insurance administration and the State Administration of traditional Chinese Medicine issued the guiding opinions on medical insurance supporting the inheritance, innovation and development of traditional Chinese medicine. It further shows the state’s highly recognized attitude towards traditional Chinese medicine and strengthens the support for the development of traditional Chinese medicine industry. The introduction of the opinions will promote the further release of the demand for traditional Chinese medicine, so as to benefit the long-term development of the industry.
Huaan Securities Co.Ltd(600909) combed the basic financial data of traditional Chinese medicine company in recent five years. The pattern of the scale of revenue and profit of TOP10 company has been relatively stable, and the top 10 companies have little change; However, the growth rate of each company is not exactly the same. The growth rate of top2 in recent five years is higher than 100%, which shows that there is enough elastic space in traditional Chinese medicine companies.
With the Spring Festival approaching, YueKai Securities said that the two sessions money policy of A-share “calendar effect” is expected to heat up. According to statistics, in the 15 trading days after the Spring Festival in the past 10 years, the A-share market has performed well regardless of the winning rate or the average rise and fall.
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(source: China Economic Weekly)
