Abstract: the incremental capital is less than expected. Considering the Spring Festival effect of a shares, A-Shares may rebound structurally in the short term.
The market rose after opening slightly higher. The weight maintains stability and protects the sector, and the theme sectors exert force alternately. Digital economy related sectors continued to lead the gains strongly. There are more than 150 stocks with an increase of more than 10% in the two cities, and the short-term mood is more excited. The early strong covid-19 testing sector callback, medical devices, traditional Chinese medicine and other pharmaceutical stocks weakened.
In 2021, China’s GDP exceeded 114 trillion yuan, or 114367 billion yuan, an increase of 8.1% over the previous year at constant prices and an average increase of 5.1% over the two years. The national economy continued to recover and develop, and the 14th five year plan had a good start. The incremental capital is less than expected. Considering the Spring Festival effect of a shares, there may be a structural rebound in short-term A shares, which can follow the industry layout with performance forecast exceeding expectations.
