Last week, the A-share market continued the trend of shock and recovery, and the main indexes rose by more than 2% every week. The trading volume was enlarged, and the Shanghai index recovered the 3100 point mark. Hong Kong stocks also rebounded higher, with the Hang Seng Index up 4.11%. Most European and American stock markets closed up on Friday, and the weekly line fell across the board. U.S. stocks rose rapidly at the end of Friday. The three major stock indexes closed mixed, and the weekly line continued to close down. The Dow index was 8 consecutive negative, and the S & P 500 and Nasdaq were 7 consecutive negative, setting the longest consecutive decline record in 20 years.
In the A-share index last week, the performance of the small and medium-sized board composite index was relatively good: 2.94%, and the performance of the Shanghai composite index was relatively poor: 2.02%.
Last Tuesday, the small cap index performed relatively well: 2.58%, and the large cap index performed relatively poorly: 1.72%.
In terms of market style last week, the growth performance was relatively good: 4.06%, and the consumption performance was relatively poor: 0.42%.
As of May 20, the PE (TTM) of Shanghai composite index was 12.24 times, that of Shenzhen composite index was 35.34 times and that of gem was 48.39 times.
From the perspective of PE, agriculture, forestry, animal husbandry, fishery and leisure services in shenwanyi industry are significantly higher than the historical average, and the industry valuation quantiles are 99.5% and 85.6% respectively; The valuation of the automobile industry is slightly higher than the historical average, and the industry valuation quantile is 91.6%. The valuations of electronics, non-ferrous metals, steel, national defense and military industry and media industries are significantly lower than the historical average, and the industry valuation quantiles are 2.6%, 0.4%, 17.7%, 17.6% and 5.6% respectively.
As of May 20, the P / E ratio of S & P 500 was 19.02 times, down 3.26% from the previous week, and the P / E ratio of Dow Jones Industrial was 19.68 times, down 4.20% from the previous week; The price earnings ratio of the NASDAQ index was 26.34 times, down 3.71% from the previous week.
As of May 20, the price to book ratio of Hang Seng in Hong Kong was 0.94 times, up 4.06% from the previous week, and the price to book ratio of Hang Seng China enterprise index was 0.86 times, up 4.38% from the previous week; Hang Seng Hong Kong’s 35 price to book ratio was 1.02 times, up 2.85% from the previous week.
Risk tip: the epidemic situation is repeated, the liquidity is lower than expected, and the market fluctuates sharply
