The three major A-share indexes all closed up and ended perfectly. Sectors such as Salt Lake Lithium extraction were among the top gainers, while coal and other sectors led the decline. [stock market closed]

Published: Dec 31, 2021 15:12

Today is the last trading day of the year, the Prev rose 4.8% for the whole year, and the annual line of 3 Lianyang ended perfectly. The gem index rose 12.02% for the whole year, leading the major indexes higher, the Shenzhen Composite Index rose 2.67%, and the Shanghai 50 Index fell 10.06% for the whole year. In today's market, the traditional Chinese medicine plate continued to strengthen in the afternoon. The salt lake lithium plate continued to strengthen in the afternoon. In late trading, high-level stocks appeared collective diving, Renzhi shares fried board diving in the afternoon, once closed down the limit, staged the heaven and earth board. The new construction shares fell by more than 9% at one point after the afternoon board diving. Three sheep and horses fell to the limit for two days in a row. On the whole, individual stocks rose more than fell less today, more than 2700 stocks rose, and the number of stocks rising in the afternoon decreased. Today's turnover on the Shanghai and Shenzhen stock markets is 1.0602 trillion, 42.4 billion higher than that of the previous trading day. On the market, traditional Chinese medicine, salt lake lithium extraction, aquaculture, pharmaceutical e-commerce and other plates rose in the forefront, while China Shipping, insurance, coal, logistics, tobacco and other plates led the decline. By the end of the day, the Prev index was up 0.57%, the Shenzhen Composite Index was up 0.41%, and the gem index was up 0.00%. Northbound funds have a net inflow of 4.573 billion yuan throughout the day, of which Shanghai shares have a net inflow of 2.03 billion and Shenzhen stocks have a net inflow of 2.543 billion.

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

Haitong Securities believes that the recent market style switch is very rapid, since the beginning of the year, the rising plate cashing pressure has increased, the proportion of superimposed quantitative transactions has increased, and the one-way trend of the market has lasted for a very short time. If you can not grasp the rhythm, it is easy to be controlled on both sides. At the same time, the willingness of pre-holiday funds to enter the market is not strong, but northbound funds were bought sharply net yesterday, the market's dependence on incremental funds has improved, and the willingness to trade after the festival is also expected to recover. On the specific plate, the double festival is approaching, the big consumer plate price increase news constantly, in which food, liquor is intensive price increase, for next year's performance is expected to improve, it is suggested that the bargain-hunting layout of price increase opportunities. Today is the last trading day in 2021, the tempo of this New year offensive is more moderate, and the index will evolve from the New year market to the "spring restlessness" at the beginning of each year. With the gradual landing of specific policies for steady growth in the first quarter of 2022, the restless market in spring will still be further interpreted.

Central Plains Securities said that on Thursday, the A-share market first suppressed and then rose, the core assets stabilized and rebounded in an all-round way, stocks in the two markets rose slightly after the opening of early trading, and the media, games, education, aerospace and military industries and other theme sectors were active in the intraday session, boosting the stock index to climb step by step, and the Prev closed back to regain the integer mark of 3600 points again. The trading volume of the two cities is about 1 trillion yuan, a slight increase compared with the day before yesterday, the characteristics of the stock game are still the same, and the market hot spots continue to show a trend of rapid rotation. With the end of the year approaching, all parties in the market continue to maintain a wait-and-see attitude, and hot sectors such as the media, games and military industry, which have strengthened one after another, are expected to have a better performance after the festival, and it is suggested that they remain cautiously optimistic.

China International Capital Corporation believes that from the perspective of supply and demand and downstream bearing capacity, the persistence of high lithium prices may exceed expectations, and the lithium industry plate with a sharp correction in the early stage is expected to usher in a revaluation opportunity. Even though more new projects will be put into production from 2022 to 2023, the overall supply and demand of lithium is still tight, because lithium resource projects generally need a capacity climbing cycle of half a year to two years according to different resource types and process paths. the effective supply of new production projects is relatively limited. Taking into account the complexity of the development of lithium resources, the long-term progress of new supply is also easy to be lower than the current market expectations, so the duration of supply and demand shortage may still exceed current market expectations.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Separator Weekly Review] Production growth continued to lag end-use demand, with the supply-demand gap widening
29 mins ago
[SMM Separator Weekly Review] Production growth continued to lag end-use demand, with the supply-demand gap widening
Read More
[SMM Separator Weekly Review] Production growth continued to lag end-use demand, with the supply-demand gap widening
[SMM Separator Weekly Review] Production growth continued to lag end-use demand, with the supply-demand gap widening
[SMM Analysis] Separator Market Prices Remain Stable Overall
29 mins ago
[SMM Analysis] Cobalt Market's Peak Season Begins Slowly: Demand Recovery Fails to Gain Momentum
57 mins ago
[SMM Analysis] Cobalt Market's Peak Season Begins Slowly: Demand Recovery Fails to Gain Momentum
Read More
[SMM Analysis] Cobalt Market's Peak Season Begins Slowly: Demand Recovery Fails to Gain Momentum
[SMM Analysis] Cobalt Market's Peak Season Begins Slowly: Demand Recovery Fails to Gain Momentum
57 mins ago
Second-life application market stable, lithium carbonate rises then falls, LFP demand outperforms ternary [SMM weekly review]
1 hour ago
Second-life application market stable, lithium carbonate rises then falls, LFP demand outperforms ternary [SMM weekly review]
Read More
Second-life application market stable, lithium carbonate rises then falls, LFP demand outperforms ternary [SMM weekly review]
Second-life application market stable, lithium carbonate rises then falls, LFP demand outperforms ternary [SMM weekly review]
The second-life application market was largely stable this week, with no notable price fluctuations. Cost side, lithium carbonate rose early in the week and pulled back mid-week, cobalt sulphate held steady, and nickel sulphate pulled back slightly. Although raw material prices fluctuated, the transmission to the second-life segment takes time, so the impact on second-life costs was limited. Supply side, the impact of policies is gradually being digested, merchant shipments have begun to return to normal, market supply has been released, and quotes remained largely stable overall. Demand side performance was divergent, with ternary demand relatively mediocre and limited transactions, while LFP demand was moderate, with better transactions than ternary. Overall, the market currently lacks clear drivers for price changes, with supply and demand broadly balanced. Second-life prices are expected to remain largely stable in the short term, while attention should be paid to lithium carbonate price trends and downstream demand changes.
1 hour ago