[Epoch Times, January 27, 2022](Comprehensive report by The Epoch Times reporter Liu Yi) On January 27, mainland A shares fell sharply, and the three major indexes of Shanghai Composite Index, Shenzhen Component Index and ChiNext Index fell together. Among them, the Shanghai Composite Index fell by 3,400 points, and 4,389 stocks in Shanghai and Shenzhen fell.
Based on the news of Hong Kong’s “Economic News” and The Paper and other media on the 27th, the Shanghai and Shenzhen stock markets fell sharply on the 27th. After the opening, although the two cities opened up and down, they soon experienced a volatile downward trend. With the rapid rise of bank stocks, the decline of the two cities narrowed before noon. In the afternoon, the market as a whole lacked the willingness to do more, and the two cities returned to the downward trend. The Shanghai Composite Index fell below 3,400 points, hitting a new low since August last year.
After the opening of the Shanghai Stock Exchange, the decline expanded. It once fell as low as 3404 points, down 50 points, and closed at 3425 points for half a day, down 30 points or 0.88%. In the afternoon, the Shanghai Composite Index continued to fall, and the decline accelerated in the last segment, reaching a low of 3392 points, and closed at 3394 points throughout the day, down 61 points or 1.78%.
After opening, the Shenzhen Component Index opened lower and moved lower, down 283 points at most, reaching a low of 13,496 points, and closed at 13,571 points in half a day, down 208 points or 1.52%. At the opening in the afternoon, the Shenzhen Component Index continued to go down, down 384 points at most and as low as 13,395 points, and closed at 13,398 points for the whole day, down 381 points or 2.77%.
The ChiNext Index reported 2906 points, down 97 points or 3.25%; the CSI 300 Index reported 4619 points, down 92 points or 1.96%.
According to statistics from data service provider Wind, only 266 stocks in Shanghai and Shenzhen rose, 4,389 fell, and 40 were flat.
In terms of sectors, coal has an obvious intention to protect the market throughout the day, but in the end it basically closed flat. The rest of the sectors fell across the board, with electronic information and electrical stocks down more than 5%; real estate and non-ferrous metal stocks fell more than 3%; steel, electricity, oil, Cement stocks fell more than 2%; chemical, financial and coal stocks fell more than 1%.
The total turnover of the Shanghai and Shenzhen stock exchanges was 822.9 billion yuan (RMB, the same below), an increase of 28.7 billion yuan from 794.2 billion yuan in the previous trading day. Among them, the Shanghai market turnover was 346.5 billion yuan, an increase of 8.2 billion yuan over the previous trading day’s 338.3 billion yuan, and the Shenzhen market turnover was 476.4 billion yuan.
On January 27, the total net outflow of northbound funds was 14.624 billion yuan. Among them, the net outflow of Shanghai Stock Connect was 7.724 billion yuan, and the net outflow of Shenzhen Stock Connect was 6.9 billion yuan.
Regarding the fall of A shares on the 27th, The Paper quoted Guotai Junan’s analysis as saying that because the Fed has a lot of room to raise interest rates, the short-term overseas market is still in a stage of high volatility, and there will still be a certain disturbance to the A-share market sentiment.
Huaxin Securities believes that the risk appetite of A-share investors has always been more cautious in the first two weeks of the Chinese New Year, and investors are more inclined to stay safe before the long holiday.
Galaxy Securities believes that since the beginning of 2022, the A-share correction has released certain risks, and the current valuation has also fallen to a lower position, with room for rebound.
Responsible editor: Lin Congwen