[stock market close] the three major indices of A shares split up the sodium ion battery sector to lead the rise.

The weak Prev index closed down 0.58%, the gem index rose 1.61%, about 3400 stocks in the two cities fell, and the turnover exceeded trillion yuan for the sixth trading day in a row. In the early days, the mainline high-prosperity track stocks continued to withdraw, military industry, BIPV, salt lake lithium extraction, chips and other large declines, sodium ion battery performance was strong, triplets and assisted reproductive concept stocks were active throughout the day, afternoon antiviral concept changes, Bohui Innovation, Da'an Keyin and other novel coronavirus testing stocks rose by the daily limit, mask concept stocks rose across the board, Xinlong Holdings pulled up the sealing board, Yanjiang shares rose more than 10% Kangxinuo AH shares both rose 10%. Liquor stocks rebounded towards the end of the day, Yingjia Gong Liquor rose by the limit, and Guizhou Moutai rose more than 3%. On the disk, the sodium ion battery, novel coronavirus testing and the concept of three births were among the top gainers, while the Hongmeng concept, national defense and military industry, and genetically modified genes were in the forefront of declines.

As of the close, the Prev index fell 0.58% to close at 3361 points; the Shenzhen Composite Index fell 0.05% to close at 14086 points; and the gem index rose 1.61% to close at 3284 points.

For the future market trend, institutions have expressed their views.

Open source securities pointed out that based on the measurement of the market style rotation range, the remaining space for this round of Shanghai Composite Index adjustment may be relatively small, but the pressure on the gem will be slightly greater. Therefore, investors do not need to be overly pessimistic, adjusting the structure is a better choice. At present, we do not see a credit environment that continues to tighten, and 2018 is the beginning of the credit crunch. In the process of future market adjustment, investors gradually complete the structural switch and begin to embrace cyclical stocks with long-term logic and better current profitability and cash flow. This may be the best asset for the market to take into account current and future assets, taking into account valuation levels and trading structure. Current recommendations: non-ferrous (copper, aluminum), coal, iron and steel, chemical industry, military industry, securities firms.

Shanghai Securities said that the current news is a key factor driving the direction of the market, so the market is more likely to shock adjustment, increase risk release and find a more suitable balance position. After the A-share plunge, the systemic risk of further excessive market is limited, but it takes time to repair and digest, and the crowded hot tracks of the trading structure may be more volatile. In the future, the market may focus on the industries with sufficient risk release and the shortcomings of China's economic development. Chips, advanced manufacturing and other industries that represent the process of China's future are expected to be relatively good. From a strategic point of view, based on the overall weakness of the market, when the risk is clear, the defense tone remains unchanged, waiting for the risk industry adjustment in place, the tuyere (such as chips, etc.) industry does not catch up, waiting for adjustment before the layout, in addition, the current advantages of the advanced manufacturing industry can be combined with China News, selected mining.

Huaxi Securities believes that the landing of regulatory policies in some areas may lead to uncertainty in the main business operations of companies in some industries, causing market concern. The mode of domestic economic growth has shifted to high-quality growth, and the market investment environment is also undergoing profound changes, and it is expected that there will still be pressure at the policy level in the future. At present, the domestic liquidity is loose, and the systemic risk of the A-share market is limited, but the congestion of the trading structure may lead to the volatility of the popular track, so it is recommended to dig deep into the "structural" opportunities. In the medium and long term, the long-term driving force that determines the scientific and technological growth track lies in the changes of the industrial structure, and the core focus is still corporate profit. From the perspective of the performance forecast of enterprises, the price increase is related to the high growth in the performance of upstream resource products, science and technology manufacturing, medicine and biology and other industries.