[stock market close] the stock market generally fell, lithium electricity, photovoltaic and other sectors performed poorly.

The index fell unilaterally throughout the day, the gem index fell nearly 3%, individual stocks fell more than up, up more than 9% more than 60 stocks, fell more than 9% stocks also more than 60, market differentiation, money-making effect is poor. On the plate, the main line of the group was collectively adjusted, the military stocks staged a stop tide, lithium electricity, photovoltaic and other plates also showed a low performance, and some of the capital flows were oversold, but the popular stocks dived sharply in late afternoon. Coal, banks, pork, fast hands, airport shipping and other plates were pulled up in the afternoon, and the market risk aversion sentiment warmed up, and the gold plate strengthened. Individual stocks, golden arowana, Mindray Medical, Oriental Wealth and other holding stocks fell collectively, the market short-term mood is depressed. On the market, pig raising, airport shipping, coal and other plates led the increase, while military industry, novel coronavirus testing, e-cigarettes and other plates led the decline.

As of the close, the Prev index fell 1.51% to close at 3569 points; the Shenzhen Composite Index fell 2.28% to close at 15352 points; and the gem index fell 2.89% to close at 3258 points. The net outflow of Shanghai shares is 2.916 billion, while that of Shenzhen stocks is 625 million.

Societe Generale Securities is optimistic about the market, the end of the year at the beginning of the year, before the two sessions is a long time window. From a fundamental point of view, from macro to micro, the overall economy shows good resilience, and the demand side is also actively improving at home and abroad. Liquidity, macro-liquidity will still be in a relatively loose pattern, no inflation will not tighten; stock market liquidity in the equity era of resident allocation, institutional allocation, global allocation is still accelerating. From the point of view of industry configuration, the main line of growth diffusion + recovery (mid-upstream periodic products) is the two main lines of the current configuration. 1) risk preference enhancement + liquidity easing + policy catalysis + performance improvement, four positive superposition, growth stocks are expected to spread to other directions. 2) domestic economic recovery + Democratic Party to achieve "blue sweep", overseas stimulus is expected to increase, the main line of economic recovery, the general trend of improvement of weekly products in the middle and upper reaches.

Anxin Securities said the massive inflow of southward capital into Hong Kong stocks reflected the spillover of liquidity in the mainland equity market and an improvement in risk appetite in the Hong Kong market. For Hong Kong stocks, the massive influx of southward capital focuses on the replenishment of core assets in Hong Kong stocks, which may not last long. On the other hand, to further improve the allocation of Hong Kong stocks, A-share investors need to have more understanding and familiarity with the trading rules, corporate fundamentals and liquidity of Hong Kong stocks. For A-shares, southward funds belong to liquidity "spillover" rather than "blood loss". The follow-up market of A-shares depends more on the changes of their own liquidity environment, and the current abundant liquidity environment is still sufficient to support the continuation of the spring market. The industry pays attention to medicine, computer, military industry, electronics (panel), photovoltaic, automobile (including new energy vehicles), small household appliances, chemical industry, non-ferrous metals, machinery and so on.