On January 20, the three major indexes of A-Shares in Shanghai and Shenzhen closed down in shock, led by banks, non bank finance and other sectors. According to wind data, as of the close, the Shanghai Composite Index fell 0.09% to 3555.06 points; The Shenzhen composite index fell 0.06% to 14198.30 points; The gem index fell 0.32% to 3065.99.
In terms of industry, among the 31 Shenwan level industries, banks, non bank finance, household appliances and other sectors led the increase; Media, defense and military industry, basic chemical industry and other sectors led the decline.
Among the concept sectors, Lianban, insurance, securities and other sectors led the increase; Industrial mother machine, digital twin, phosphorus chemical industry and other sectors led the decline.
Soochow Securities Co.Ltd(601555) said that the current fundamentals and policies of brokerage stocks are in great contrast with the valuation, the profit continues to reach a new high, and the relative roe is close to the previous bull market level, but its valuation is still at the bottom 1 / 4 of the historical valuation, which is optimistic about the long-term allocation value of brokerage stocks.
