China Securities Journal Reports Lower Opening for A-Share Stock Indexes
On January 22, China’s three major A-share stock indexes opened lower, according to data from Wind. The Shanghai Stock Exchange Index opened down 0.20% to 2826.50 points, while the Shenzhen Component Index fell 0.20% to 8769.39 points. The ChiNext Index also dropped 0.30% to 1710.29 points.
In terms of industry sectors, the communications and electronics sectors led the gains, while power equipment, real estate, building materials, and other sectors were among the top decliners, as reported by Shenwan.
Additionally, among the concept sectors, Wonder Optical Modules, Optical Communications, and Nvidia Industrial Chain were among the top gainers, while lithium mining, battery recycling, BC batteries, and other sectors were among the top losers.
According to CITIC Securities, the market is currently at a critical point of cyclical chain negative feedback, and quasi-“levelling” funds have begun to continue to exert force, with an obvious supporting effect. Under the combined effect of multiple aspects, the market is expected to enter a monthly-level rebound trading window period.
In terms of allocation, the market is expected to show characteristics of transaction-oriented capital behavior, and investors are recommended to focus on high-quality blue chips in the technology, medicine, and new energy sectors.
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