Last week, the A-share market fluctuated to find the bottom, with large market differences and rapid overall style switching; Major indexes of Hong Kong stocks rose, the advantages of global valuation depression appeared, US stocks fell sharply again, and the NASDAQ index was negative for four consecutive days.
In the A-share index last week, the performance of SSE 50 was relatively good: 2.54%, and the comprehensive performance of gem was relatively poor: - 2.72%.
From the perspective of last Tuesday's eight day conversion, the performance of the large index is relatively good: 1.37%, and the performance of the small index is relatively poor: - 1.60%.
In terms of market style last week, the financial performance was relatively good: 3.23%, and the growth performance was relatively poor: - 2.15%.
As of January 21, the PE (TTM) of Shanghai composite index was 13.49 times, that of Shenzhen composite index was 36.10 times and that of gem was 57.53 times.
From the perspective of PE, the valuation of automobile, leisure service and electrical equipment industries in shenwanyi industry is significantly higher than the historical average, and the industry valuation quantiles are 90.8%, 90.4% and 87.9% respectively; The valuation of non-ferrous metals, electronics and steel industries is significantly lower than the historical average, and the industry valuation quantiles are 8.9%, 10.8% and 13.4% respectively.
As of January 21, the P / E ratio of S & P 500 was 24.15 times, down 6.33% from the previous week, and the P / E ratio of Dow Jones Industrial was 24.30 times, down 5.06% from the previous week; The price earnings ratio of the NASDAQ index was 34.53 times, down 7.86% from the previous week
As of January 21, the price to book ratio of Hang Seng in Hong Kong was 1.17 times, up 2.24% from the previous week, and the price to book ratio of Hang Seng China enterprise index was 1.13 times, up 2.51% from the previous week; Hang Seng Hong Kong's 35 price to book ratio was 1.15 times, up 2.60% from the previous week.
Risk tip: the epidemic situation is repeated, the liquidity is lower than expected, and the market fluctuates sharply
