Financial News Agency reported on January 30 that the market had a volatile day with adjustments seen throughout. The ChiNext Index fell over 3% and hit a new adjustment low, while the Shanghai Stock Exchange Index also fell back to 2,900 points after an initial rise. The overall turnover of Shanghai and Shenzhen stock markets was 805.2 billion, a decrease of 23.5 billion from the previous trading day. By the close, the Shanghai Stock Exchange Index fell by 0.92%, the Shenzhen Component Index fell 2.06%, and the ChiNext Index fell by 3.49%. Northbound funds sold a net 592 million throughout the day, while U.S. stocks opened higher and made gains, with the three major indexes collectively closing higher, continuing their recent positive trend.
At today’s brokerage morning meeting, CICC expressed its focus on opportunities to increase the localization rate of medical devices, while CITIC Construction Investment pointed out the potential of the cross-border e-commerce industry, and Guotai Junan recommended paying attention to low-valuation consumer blue-chip stocks.
CICC emphasized the significance of paying attention to opportunities to increase overseas exports and the localization rate of medical devices, stating that domestic medical policy reform typically begins with drugs and then expands to consumables and testing. The innovative drug sector has provided a guide for future investments in other sectors, and the improvement of domestically produced innovative drugs in high-level hospitals may indicate an acceleration in the localization rate and the export of excellent products for devices and testing. CICC believes that the uncertainty of global economic growth expectations and the quality and cost-effectiveness of “Made in China” creates an opportunity to increase the localization rate at home and accelerate exports overseas.
Guotai Junan recommended turning attention to low-valuation consumer blue-chip stocks, noting that they have experienced continuous adjustments and some high-quality stocks are in an oversold state, demonstrating the potential for valuation repair and rising profits.
CITIC Construction Investment highlighted the potential of the cross-border e-commerce industry, which has seen fluctuations in demand and cost due to the pandemic, but has gradually entered a “right track” since 2023. The industry is now experiencing increased demand and stable logistics and advertising costs, leading to the gradual release of industry profits. With strong policy support from the government, CITIC Construction Investment believes the cross-border e-commerce platform, supply chain, and logistics fields will further prosper in the future.
The brokerage morning meeting shed light on various important sectors and investment opportunities, providing insights for potential market strategies and developments.