[Epoch Times January 07, 2022](Epoch Times reporter Liu Yi comprehensive report) On January 7, China’s A-share Shanghai Index, Shenzhen Component Index and ChiNext Index all fell. The Shanghai Stock Exchange Index fell for four consecutive trading days in the first week of 2022.
Based on Reuters and Mainland China Paper News and other media news, on the 7th, the mainland A-share Shanghai and Shenzhen markets both opened slightly higher. In the afternoon, after the two markets resumed trading, there was a surge, and the Shenzhen Component Index turned red. After that, it fluctuated and fell, and the Shanghai Index also turned from rising to falling.
The Shanghai Composite Index reached a high of 3607 points and rose 21 points during the session. The selling pressure was heavy at the end. The market turned from a rise to a fall. The market saw a low of 3577 points, a drop of 8 points, and closed at 3579 points; the Shenzhen Component Index rose up to 66 points during the session and reached 14,495. After that, the market fell under pressure and fell to 14,331 points, and closed at 14,343 points, down 85 points or 0.6%; ChiNext Index reported 3096 points, down 30 points or 0.98%; CSI 300 Index reported 4822 points, up 4 Points or 0.09%.
This week is the first trading week for the mainland stock market since 2022. There are 4 trading days in total. The Shanghai Index fell for four consecutive days, with a cumulative drop of 1.66%. The Shenzhen Component Index fell 3.46% this week, and the ChiNext Index fell 6.8% this week.
All sectors generally fell on the 7th. Power, non-ferrous metals, and chemical stocks fell more than 2%; cement, steel, and real estate stocks were soft; financial stocks rose more than 1%.
Statistics from data service provider Wind show that 981 stocks in the two cities rose, 3,605 fell, and 83 stocks were flat.
The total turnover of the Shanghai and Shenzhen markets was 1,2072 billion yuan (RMB, the same below), an increase of 70.5 billion yuan from the 1,136.7 billion yuan on the previous trading day, and it exceeded 1 trillion yuan for the sixth consecutive trading day. Among them, the Shanghai stock market turnover was 502.9 billion yuan, an increase of 28.6 billion yuan over the previous trading day’s 474.3 billion yuan, and the Shenzhen stock market turnover was 704.3 billion yuan.
The total net inflow of northbound funds was 9.335 billion yuan. Among them, the net inflow of Shanghai Stock Connect was 7.092 billion yuan, and that of Shenzhen Stock Connect was 2.243 billion yuan.
Regarding the performance of the stock market on the 7th, The Paper quoted Guotai Junan’s analysis as saying that the overall market risk appetite is still weak, especially the adjustment risk of the ChiNext market has not been fully released.
Reuters quoted Pang Ming, chief economist and chief strategy analyst at Huaxing Securities (Hong Kong), as saying: “In fact, there is an impossible triangle in the Chinese economy, that is, it is difficult to achieve both total carbon emissions and intensity of’dual control’ at the same time. , Maintain the basic stability of the manufacturing sector and maintain rapid economic growth.”
Editor in charge: Lin Congwen
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