The three major A-share indexes are mixed and the gem index is down more than 2%. The sectors such as coal and prefabricated construction are among the biggest gainers in semiconductors, lithium batteries and other sectors. [stock market closed]

At one point in the morning trading, the major indexes fell sharply, and the gem index fell more than 4%. The market rebounded in the afternoon, and the abnormal rise of financial stocks such as brokerages led to the rebound of the Shanghai Composite Index. Then the major infrastructure plate strengthened again, and the plate set off a rising and stopping tide, driving the index to rebound further. Among them, the gem stock Hualan Group has two consecutive boards. In terms of decline, track stocks such as lithium chip CRO fell sharply in early trading, and the decline of each plate narrowed in the afternoon. On the whole, individual stocks rose more than fell today, with more than 3600 stocks rising in the two cities. The turnover on the Shanghai and Shenzhen stock markets today was 878.8 billion, which was 55.7 billion higher than that of the previous trading day, and the trading volume was enlarged during the rebound of the market in the afternoon. In terms of plates, tourism, coal, education, insurance, prefabricated construction and other sectors led the rise, while CRO, semiconductors, lithium batteries, power equipment and other sectors led the decline. By the close, the Prev index was up 0.67%, the Shenzhen index was down 0.98%, and the gem index was down 2.45%. Northbound funds sold a net of 817 million yuan today, of which Shanghai stocks bought 2.113 billion and Shenzhen stocks sold 2.93 billion.

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

Shanxi Securities Research News believes that in terms of the research and judgment of the general trend of A-shares, measures to stabilize growth in the first quarter may accelerate the landing, leading to the continued restlessness of the concept of "steady growth". Under the background of greater downward pressure on the economy and the high risk of uncertainty in the outer disk, "structural cattle" will remain the main theme of the market, and high-end manufacturing, compulsory consumption, sports and travel may be out of the relatively independent market under the support of valuation, and it is recommended to focus on it. Still optimistic about domestic animation production, digital economy-related hardware facilities and other sub-plate opportunities.

Huaxi Securities pointed out that since the beginning of the year, under the disturbance of overseas monetary policy tightening expectations and pre-holiday risk aversion factors, A-share market risk appetite has continued to weaken. During the Spring Festival, overseas stock markets are in danger, while most of the world's major stock indexes rise, while domestic policy levels continue to raise "steady growth", and the post-holiday market mood is expected to be repaired. In addition, the recent opening of self-purchase by public offerings and the deregulation of purchase restrictions by hot funds will help incremental funds flow into A-shares after the festival, and A-shares are expected to meet an "overfall rebound" in February. In view of the current hawkish tone of the Federal Reserve and strong expectations of contraction in overseas monetary policy, global risky assets will still be disturbed to a certain extent before the landing of the Fed's interest rate meeting in March, and A shares are expected to be more structural. It is suggested to treat the spring market rationally. Configuration, pay attention to three main lines: 1, benefit from the marginal improvement of real estate policy and its upstream and downstream industrial chain; 2, benefit from the policy (support) to promote the strong theme related, such as: new energy (car), digital economy, seed industry; 3, pig breeding plate which reverses at the bottom of the pig cycle.

Founder Securities said that enterprises in the upper reaches of the military industrial chain and some enterprises in the middle reaches of the industrial chain have short production cycles and early income recognition, and their performance first reflects the prosperity of the industry. Their downstream customers are more scattered and the supply is relatively concentrated, and the bargaining power is stronger. The pressure of price reduction is less. In the short term, the prosperity of the military industry will continue in 2022, and the performance of enterprises in the middle and upper reaches of the military industry chain is expected to usher in a new round of growth, which may be reflected in the quarterly report; in the medium and long term, China's military industry may continue to be in a stage of high prosperity during the 14th five-year Plan, and the performance of enterprises in the middle and upper reaches of the military industry is expected to continue to grow rapidly.