The three major A-share indexes continued to fall. Salt Lake Lithium extraction and rare Earth permanent Magnet stocks were among the top gainers. Coal stocks led the decline. [stock market closed]

The two cities continued to fluctuate in the afternoon, with the Shanghai 50 index falling more than 1% at one point, the CSI 1000 index rising slightly, fried board stocks increasing, and market sentiment relatively depressed. Digital currency plate led by a sharp rise in intraday trading, Qitian Science and Technology and other multi-stock sealing plate; Salt Lake lithium, rare earth permanent magnet plate strong, Galaxy magnet 20CM stock price hit a new high. The concept of power exchange, phosphorus chemical industry, environmental protection, iron and steel and other plates pull up, coal, semiconductor chips and other plates are in the doldrums. On the whole, individual stocks fell, and the turnover on the Shanghai and Shenzhen stock markets exceeded trillion yuan for the 26th consecutive trading day. The secondary new stock Zhenyang Development of 11 consecutive boards fell by the limit today, while Guofa shares were suspected of being hit by the "pig killing plate" for three consecutive days. On the market, digital currency, salt lake lithium extraction, rare earth permanent magnet, power exchange concept and other sectors rose in the forefront, while Huawei Hess, education, scenic spot tourism, coal and other sectors led the decline. By the close, the Prev index was down 0.56%, the Shenzhen index was down 0.34%, and the gem index was down 0.16%. Northbound funds sold more than 4 billion yuan net throughout the day, after net buying for five consecutive trading days.

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

Huafu Securities said that in the near future, it is worth noting that after 2 days weaker than the main board, the gem near the new high finally surpassed the main board on November 25 and observed that the net purchases of Shenzhen Stock Connect were higher than those of Shanghai Stock Connect for five consecutive days. In addition, on November 19, the CSI revised the sample space rules of the CSI 300 Index, adjusting the time rules for gem stocks to enter the index sample space to be listed for more than one year (the original rule is three years). It is expected to bring a lot of passive incremental funds to several leaders of the gem. Therefore, with regard to the future, we have reason to look forward to several high prosperity leaders of the gem or are expected to lead the market to make breakthroughs.

Guosheng Securities pointed out that near the 3600-point integer mark, Prev will usher in a volatile pattern, with the rotation of hot spots in the market, the opportunity to repeatedly explore 3600 points and demand a breakthrough. In operation, it is recommended to avoid following the trend and blindly chasing high. In the case of intensified plate rotation, we can actively pay attention to the intervention opportunities of stocks with high magnificence and sufficient callback. The heat of the meta-universe plate gradually fades away and is avoided for the time being. With the new energy vehicle industry chain as the main line in the direction, we can pay due attention to the individual stock opportunities of medical devices, chips and other sectors.

Northeast Securities pointed out that due to the influence of carbon neutralization and cheap access to the Internet, the demand for photovoltaic installation is strong, and each link in the middle reaches is actively expanding production, but due to the relatively long production expansion cycle in the upstream, the tight supply and demand of silicon material leads to a rise in prices, and the high cost at the end of the components suppresses the demand for installation. Before 2021, the investment performance and price of the enterprises upstream of silicon material is relatively high, but starting from the fourth quarter of 2021, the supply and demand of silicon material market will gradually ease. The rising momentum of silicon prices has slowed down, and it is expected that the silicon market will be greatly alleviated in 2022. The expansion of silicon wafers in the middle reaches is greater than the demand, or it may enter a price war. The profits of battery chips and components enter the bottom due to the rise of silicon costs in the early stage. Later, with the decline of silicon costs, battery chips and components will usher in marginal improvement in profitability. The auxiliary materials industry suggests that attention should be paid to the marginal improvement of profitability in the film industry. It is suggested that the relevant targets in the middle reaches of the photovoltaic industry chain should be laid out actively in advance.