The three major A-share indexes all closed higher in Salt Lake Lithium extraction, small Metals and other sectors at the top of the list of gains [stock market close]

The market fluctuated and rebounded today, the gem index led the rise, and the Shanghai Composite Index rose slightly. On the disk, the lithium battery plate continued to strengthen throughout the day, and the energy storage plate fluctuated and strengthened. In terms of decline, pharmaceutical sectors continued to be in the doldrums in the afternoon, with more than 50 stocks falling by the limit of more than 10% in the two cities. On the whole, today's stocks fell more than rose less, more than 2700 stocks in the two markets fell. Today's trading volume on the Shanghai and Shenzhen stock markets is 864.2 billion, which is 120.3 billion lower than that of the previous trading day, and the trading volume has shrunk sharply for two consecutive days and fell below one trillion yuan. Salt Lake lithium extraction, digital currency, intelligent government affairs, small metals, tourism and other sectors rose in the forefront. Novel coronavirus treatment, tobacco, novel coronavirus testing, aquaculture and other sectors led the decline. By the close, the Prev index was up 0.04%, the Shenzhen Composite Index was up 0.37%, and the gem index was up 0.72%. Northbound funds bought a net of 3.452 billion yuan today, of which Shanghai shares bought 2.114 billion and Shenzhen stocks bought 1.339 billion.

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

Citic Construction Investment Co., Ltd. pointed out that the position should not be reduced at present, but should be gradually increased this week. There are three major negative concerns in the early stage: (1) worries about slow domestic monetary policy and poor effect of wide credit; (2) insufficient incremental funds and lower-than-expected issuance of new funds; and (3) hawkish statements from the Federal Reserve that global liquidity is expected to tighten. Recently, it has been basically reacted by the market, or will be landed or unduly worried: compared with Hong Kong stocks and northward capital, the A-share market is pessimistic enough about the economic downturn. At present, China is in a "double-wide" cycle of wide currency and wide credit, and there is still room for further easing. With the gradual implementation of the stable growth policy, market doubts are expected to improve, and the improvement of interest rate cuts on the numerator side and the benefits of the denominator side will also gradually appear. At the same time, the market risk appetite has improved after the Spring Festival, the issuance of new funds has warmed up, and the Federal Reserve's FOMC meeting next week has emptied the expectation of raising interest rates, which is expected to form a favorable time window after the Spring Festival and before the two sessions. It is suggested that we should cherish the coming counter-offensive market.

Northeast Securities pointed out that the adjustment since the beginning of the year is the joint effect of weak fundamental expectations and institutional positions and seasonal outflows of emotional funds. In the current industry configuration, we should pay attention to the expected improvement of TMT, policy-oriented infrastructure and public consumption, as well as high-cost medicine, new energy, and so on. First, from the perspective of expected improvement, the media that pay attention to the catalysis of hardware (VR) and applications (such as virtual human) in meta-universe and the expected improvement of sports-related plates with the coming of the Winter Olympic Games, etc., the "14th five-year Plan" digital economic plan landed good computers; second, from the perspective of policy guidance, infrastructure and stimulating consumption are the main line in the short term, low-valued building materials central enterprises, mass consumption plate and so on are worthy of attention. Third, from the perspective of valuation performance-to-price ratio, stocks with higher prosperity and adjustments in pharmaceuticals and new energy, semiconductors and other industries have exceeded expectations and their valuations have dropped significantly.

Central Plains Securities pointed out that at a time when the economy is in the doldrums, the introduction of policies has been accelerated and intensified. There is a correction in the short-term market affected by the turmoil in US stocks, but as the policy influence gradually takes effect, the market risk appetite is expected to pick up and the downside risk of the market is limited. It is recommended that the position be maintained at 80%, focusing on stable growth and promotion fees, such as real estate, home appliances, food and beverages, etc. The reasons are as follows: 1. After a long period of adjustment, the price of real estate is expected to rise lower, but the rigid demand of young people still exists. Reducing the cost of housing loan after the downward adjustment of 5-year LPR will help to stimulate the release of housing demand. 2. The spring holiday is the peak season for household appliances, food and beverage consumption, and prices are expected to rise.