[stock market close] the three major indices of A shares closed down the adjustment of lithium power, military industry and other sectors.

Index throughout the day weak shock, the market continues to divide, individual stocks rise and fall by half, up more than 9% stocks more than 60, the overall moneymaking effect is general. On the plate, the high position hugging group plate and individual stocks appeared loose, photovoltaic, lithium electricity, military industry and other main line adjustment, but afternoon funds returned to the early stagflation of Nord shares, Green Meimei, Central shares and other stocks, hundreds of billions of market capitalization stocks also appeared differentiation, funds continue to group popular leading goldfish, Bulls Group, etc., funds show signs of high-and low-level switching into low-level games, software, 5G and other plates.

On the whole, the market shock collation, the virtuous circle of funds, the main line to adjust the bearing capacity is OK. On the disk, cloud games, digital currency, software and other plates led the increase, while aquaculture, military industry, dairy and other sectors led the decline.

As of the close, the Prev index fell 0.17% to close at 3570 points; the Shenzhen Composite Index fell 0.24% to close at 15319 points; and the gem index fell 0.37% to close at 3150 points. Shanghai shares have a net inflow of 10.585 billion, while Shenzhen stocks have a net inflow of 10.029 billion.

Yue Kai Securities Analysis, from the medium-term logic point of view, A shares are still in the upward trend. The certainty of sustained domestic economic recovery has not been falsified, superimposed inventory cycle and corporate profit cycle upward, providing fundamental support for the market; interbank interest rates mostly go down, transactions between the two cities remain above the trillion scale, the marginal improvement of capital; the policy is sustainable, providing a stable policy environment for the healthy development of the market. However, in the short term, the market atmosphere driven by the rise of weight leading stocks alone is not conducive to the mobilization of incremental capital sentiment. With the continuous rise of strong stocks, there may be some differences in the judgment of market funds for the follow-up direction, and the probability of short-term market high volatility has increased.

Shanxi Securities said that the index has risen rapidly and continuously since 2021, and there is the possibility of a small adjustment in the short term. In the medium term, under the background of relatively loose policies, sustained inflows of foreign capital and basically good orientation, the index will continue to maintain a volatile upward trend. In terms of the current trend and volume and price level, the market differentiation is serious, the comparative advantage of industry leading companies is obvious, and the valuation ratio of leading enterprises compared with non-leading enterprises will rise, on the basis of the upward pattern of shocks in the middle of the market remains unchanged, under the background that macro leverage remains relatively high, it is suggested that investors should focus on the rising opportunities of leading stocks with hot topics in the Shanghai and Shenzhen 300 index.

Northeast Securities believes that the market huddling and herding effect is obvious, and we can not simply think that the market behavior is right, but there is no need to do countertrend operation prematurely in front of the short-term trend. The performance of many subdivided small industry leaders and small and medium-sized market capitalization subject stocks is not good. Looking at the time window, there may be a greater probability of improvement in February. After all, the experience of A shares does not allow the same group of people to change waves from beginning to end. However, under the trend of A-share Hong Kong equalization or beautification, the timing of intervention in small and medium-sized stocks is very important, and this kind of theme should not be done in such a hurry at present.