Stock Market News: A Shares Experience Mixed Results
On January 15th, the stock market saw a mixed trend for A shares. The Shanghai Index rose slightly, while the Shenzhen Component Index and the ChiNext Index fell. At the close, the Shanghai Index had risen 0.15% to 2886.29 points, the Shenzhen Component Index fell 0.36% to 8963.93 points, and the ChiNext Index fell 0.88% to 1745.61 points. Other indexes were also affected, with the BSE 50 Index falling 3.28%. The total turnover of the two cities was 610.9 billion yuan, a decrease of 65.8 billion yuan from the previous trading day, and northbound funds were slightly net sold.
In terms of industry performance, the tourism sector experienced a sharp rise, while retail, textile and clothing, home furnishing, semiconductors, real estate, banking, insurance, and other sectors also saw increases. Conversely, military industry, environmental protection, automobiles, steel, electricity, brewing, and other sectors experienced declines.
Guosheng Securities issued a statement, noting that although the recent market performance is lackluster, the index trend has slowed and entered the bottoming stage. The volatility is decreasing, accumulating strength for the next wave of rebound. With the market showing signs of entering the oversold range, a rebound is expected. Strategically, caution is advised, and investors should wait for a reversal signal.
Looking at today’s investment opportunities, natural uranium spot prices have hit record highs, signaling strong support for the uranium sector. Additionally, the release of the GPT store is expected to open up the optical module valuation space, providing new opportunities for the industry. With the liquor peak season approaching, analysts recommend paying attention to the recovery process of terminal demand.
In other market-moving news, the China Securities Regulatory Commission emphasized the promotion of the bond market of the Beijing Stock Exchange. The State Council Office released “Opinions on Developing the Silver Economy to Improve the Well-Being of the Elderly,” the country’s first specialized document to support the development of the silver economy.
Looking ahead, the State Grid Corporation of China will increase investment in power grids for 2024, focusing on digital and intelligent strong power grids. Additionally, Country Garden Group clarified its delivery volume in 2024, stating an expectation to deliver more than 480,000 units.
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Proofreading: Wang Jincheng