The three major A-share indexes all closed down, Salt Lake Lithium extraction, Iron and Steel stocks rose in the forefront of Yuan Universe, and Securities stocks led the decline [stock market closed]

The market fluctuated in a narrow range in the afternoon, with the major indexes still falling slightly, with the gem index leading the decline for three consecutive days. On the market, the traditional Chinese medicine plate was stronger in the afternoon, and the volatility in the concept stock of the Winter Olympic Games was stronger. Although the afternoon index changed little, many plates began to pull up and rebound, hot spots rotated rapidly, and the number of stocks rose by the limit in the afternoon increased significantly. In terms of decline, the plate with the highest decline has not changed much from that in the morning. On the whole, individual stocks rose more and fell less today, with more than 2900 stocks rising. Today's turnover on the Shanghai and Shenzhen stock markets is 1.1367 trillion, which is 168.5 billion lower than that of the previous trading day, and the trading volume between the two markets has shrunk sharply today. On the market, salt lake lithium extraction, traditional Chinese medicine, Winter Olympic Games, water conservancy, paper, iron and steel and other plates rose in the forefront, while Yuanyu, airport, securities, media and other plates led the decline. By the close, the Prev index was down 0.25%, the Shenzhen Composite Index was down 0.66%, and the gem index was down 1.08%. Northbound funds had a net outflow of 6.638 billion yuan today, including a net outflow of 2.217 billion from Shanghai shares and 4.421 billion from Shenzhen stocks.

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

Huafu Securities pointed out that the recent hot track stocks collectively fell, especially the new energy track was hit hard, mainly because the early market has basically met expectations. Even if there are positive things such as record lithium prices and higher-than-expected new photovoltaic installations, the market has basically been desensitized and, without a greater stimulus, may continue to fluctuate weak adjustments to digest valuations. In addition, China Mobile, the largest A-share IPO in the past 10 years, returned to A-share listing with a turnover of more than 25.5 billion on the first day, causing a certain blood-drawing effect on small and medium-sized stocks; recently, US bond yields have risen significantly (the upward range in the past two days is close to 14bp), approaching the high since last year, and suppressing some overvalued sectors. With regard to the future, some institutions have clearly pointed out that there is limited room for the market to fall back, and it is suggested that we should pay attention to securities firms, Chinese prefixes and national names in every bargain, and that we may need to avoid "three high (high, high price, high valuation)" stocks for the time being.

Guangfa Securities research newspaper believes that multiple factors may promote CPI to enter the uplink channel. Under the normalization of the epidemic, the valuation of the Shang superplate is fully adjusted. In the short term, the impact of community group buying and fresh e-commerce on the super plate has been weakened. Overall, the rise of CPI superimposed the Spring Festival peak season, it is recommended to pay attention to Shang Chao department store plate investment opportunities. The Spring Festival is the peak season for Shang Chao sales, and the celebration of Shang Chao department stores is concentrated at the end of the year, offline promotions are frequent, the unit price of supermarket customers is expected to increase, and the growth rate of leading companies in the same store is expected to resume.

Tianfeng Securities Research News pointed out that it is optimistic that the rising trend of lithium cobalt rare earths will continue, the profits of electrolytic aluminum will continue to be repaired, the installed capacity of three yuan will continue to rise, and the price of lithium and cobalt will continue to rise strongly. Rigid and steady supply-high growth of demand, continuous growth of rare earth magnetic materials, strong elastic return of rare earths in the short term, and attention to northern rare earths, Minmetals rare earths, Shenghe resources. Medium-and long-term magnetic material disturbance weakening to achieve price transmission, product structure improvement is expected to usher in volume and price rise, pay attention to Jinli permanent magnet, Zhenghai magnetic material, Ningbo Yunsheng, earth bear and so on.