The three major A-share indexes all closed lower, Yuan Cosmos and other sectors led the gains. Salt Lake Lithium extraction, Green Power, rare Earth permanent Magnet and other sectors led the decline. [stock market closed]

The market continued to decline in the afternoon, with the gem index falling more than 3% at one point. On the disk, the concept of the Winter Olympic Games in the stock market concussion strengthened. The yuan universe rebounded in the afternoon. In terms of decline, afternoon track stocks remained weak, with a marked increase in the number of stocks falling by the limit or plummeting. As of the close, more than 50 stocks in the two cities fell by the limit or fell by more than 10%. In addition, the blow-up rate of the two cities reached 44.1% today, a recent high. On the whole, today's stocks fell more than rose less, more than 3300 stocks fell. Today's turnover on the Shanghai and Shenzhen stock markets is 1.3052 trillion, 38.8 billion higher than that of the previous trading day, and the two markets will continue to sell volume today. On the disk, cloud games, Winter Olympic Games, prefabricated dishes, Yuanyu and other plates rose in the forefront, while traditional Chinese medicine, salt lake lithium extraction, national defense military industry, green power, rare earth permanent magnets and other plates led the decline. By the close, the Prev index was down 1.02%, the Shenzhen index was down 1.8%, and the gem index was down 2.73%. Northbound funds have a net inflow of 3.046 billion yuan throughout the day, of which Shanghai shares have a net inflow of 2.92 billion and Shenzhen stocks have a net inflow of 126 million.

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

Shanxi Securities said that in terms of the research and judgment of the general trend of A-shares, the "structural bull" may be the main market feature in 2022. Under the support of liquidity, the undervalued plate may be the first to usher in repair, so it has a better performance-to-price ratio. under the logic of cross-cyclical adjustment and "bottoming out", the first quarter may be a better layout period, and it is recommended to focus on the structural opportunities of undervalued plates at this stage. Plate, the current pork farming plate stock valuation has been relatively low, in the capacity removal cycle is expected to usher in repair, and the current or better left layout period, it is recommended to pay attention to. The cultural media sector led the rise yesterday, mainly driven by a sharp rise in the yuan universe plate, once again reminding the current time to start with the risk-return ratio, to implement the performance of specific stocks to avoid blindly chasing higher.

China International Capital Corporation reported that he is optimistic about the performance of bank stocks in 2022, the compression of industry valuations is expected to be repaired since 2018, and the potential of wealth management and technology empowerment of high-quality banks will be released after "poverty leads to change". Rhythmically, it is recommended to pay attention to the policy signals from important meetings and the market opportunities brought about by economic data. The net profit growth rate of covering banks in 2022 / 2023 is expected to be 7.2% and 7.7%, mainly due to a steady rise in asset investment, a stable net interest margin, a slight decline in credit costs, and a continued rebound in fee income. Overall, net profit growth will return to the track of steady growth after experiencing fluctuations in the impact of the epidemic, and the growth rate will be higher than the compound growth rate of 5.2 per cent in 2020-2021.

Citic Construction Investment and Research News believes that the liquor industry is still in a period of healthy development. At present, the channel inventory of various liquor enterprises is low, the control of terminals is being strengthened, and consumption upgrading drives the industry to focus on high-quality brands. Maotai's leading position in liquor will continue to be strengthened. The proportion of the company's direct channels and new retail channels will continue to increase in 2021. Under the steady volume of Maotai in the past two years, it is conditional to maintain a growth rate of 8-10% in 2022, even if the price system remains unchanged. The current Maotai valuation corresponds to 43X in 2022, compared with international consumer goods companies, the valuation is still at a reasonably low level.