Stock index futures
I. Market Review
The three major stock indexes of Shanghai and Shenzhen fluctuated throughout the day, and all closed in red. The pre holiday effect showed that the volume of energy decreased by more than 100 billion, and the transaction volume in the market was 0.866 trillion yuan, compared with 0.978 trillion yuan last day. On the disk, the lithium sector soared, Ganfeng Lithium Co.Ltd(002460) , Yongxing Special Materials Technology Co.Ltd(002756) and other stocks rose, and Qinghai Salt Lake Industry Co.Ltd(000792) was once closed. Photovoltaic stocks recovered, Yingkou Jinchen Machinery Co.Ltd(603396) on the board, Ja Solar Technology Co.Ltd(002459) , Sungrow Power Supply Co.Ltd(300274) and so on. Rare earth, semiconductor, steel, petrochemical and apple sectors have been built. Changchun High And New Technology Industries (Group) Inc(000661) the release volume fell by more than 7%. Covid-19 pneumonia detection index continued to adjust and Andon Health Co.Ltd(002432) fell by the limit. Bank of Lanzhou, Kunming Longjin Pharmaceutical Co.Ltd(002750) , Inly Media Co.Ltd(603598) and other popular stocks fell by the limit, indicating that speculation funds chose to drop their bags before the festival. SSE 50 closed at 3209.74, CSI 300 at 4786.74 and CSI 500 at 6979.25.
II. Market analysis
In today’s morning review, we said: “last Friday, the CSI 300 index closed lower, led by the coal and real estate sectors. On January 17 and 20, the central bank lowered MLF, SLF, 7-day reverse repo and LPR interest rates respectively, and the comprehensive interest rate cut further released the signal of” broad money “. The steady growth policy formed a joint force, and the financing bottom confirmed to raise the fundamental expectation. Recently, the northward capital has continuously and sharply flowed in, The stock index is expected to stabilize after falling. ” In terms of the actual trend, the stock index opened low and went high, fluctuated all day, led by the airport sector, and IC was stronger than IH. China’s steady growth policy is forward-looking. The central bank has successively lowered reserve requirements and interest rates, and there is still room for subsequent interest rate cuts. The market is in a “wide money” window period, and macro liquidity is expected to remain relatively loose. After the continuous decline of the stock index, the downward momentum is weak. As the Spring Festival holiday is approaching, the market trading volume shrinks, and the possibility of rapid rebound is relatively small. The stock index is likely to maintain the pattern of shock consolidation. The pressure level of the CSI 300 index is 5100 points and the support level is 4770 points.
