On January 11, the three major A-share indexes collectively closed down. The Shenzhen Composite Index and the gem index fell by more than 1%, and the market turnover remained above 1 trillion yuan. As of the close, the Shanghai index fell 0.73%, the Shenzhen composite index fell 1.27% and the gem index fell 1.28%.
On the disk, covid-19 detection plate continued to rise in the afternoon, Shenzhen Yhlo Biotech Co.Ltd(688575) , Andon Health Co.Ltd(002432) and other stocks rose by the limit; Traditional Chinese medicine, logistics, ice and snow industry and other sectors led the increase; Digital currency, pork, Yuan universe and other sectors led the decline.
According to wind data, the net sales of northbound funds throughout the day were 4.026 billion yuan, including 933 million yuan for Shanghai Stock connect and 3.094 billion yuan for Shenzhen Stock connect.
[institutional perspective]
Guosheng Securities pointed out that technically, although the right position of the current index is not clear, even if the lowest point has not yet appeared, the probability of the index has reached the bottom area, so there is no need to panic. In terms of operation, under the background of the current reduction of capital risk preference in the market, it is recommended to allocate defensive varieties with low and undervalued value in the short term, such as infrastructure, real estate industry chain, insurance and other sectors; After the release of market risks, the high growth rate of new energy, photovoltaic and semiconductor sectors are still worthy of attention. However, after the sharp rise of the sector last year, each subject will be extremely differentiated. The strategy of lying down and winning the boom sector is difficult to work, which will further test the stock selection ability of investors.
Shanxi Securities Co.Ltd(002500) said that A-Shares did not rise at the beginning of the year. On the one hand, they were driven by the external market sentiment, on the other hand, or from the early asset prices, which had digested the consistent loose expectations of the market. In the next period of time, the market presents a structural market or a high probability event in the shock. Under the macro background of pessimistic expectation of marginal repair and gradual implementation of loose policies, the market may usher in a “high-low switch”. The plates with low valuation can attack and retreat, and the allocation cost performance is better. It is suggested to combine the valuation level, industrial policies Profit cashability tripartite factors, balanced allocation of low-level sectors, in order to grasp the opportunities in the structural market.
(source: First Finance)
