On January 31, the A** field continued**, and the Shanghai Composite Index fell 148%, the Shenzhen Component Index fell 195%, the GEM index fell 066%。
The three major indices all had a one-month streak**, with the Shanghai Composite Index falling more than 6% this month, the Shenzhen Component Index by more than 13%, and the ChiNext Index by more than 16%. *In terms of more than 4,800 *** down limits, the number of companies reached a new high this month.
The turnover of the Shanghai and Shenzhen stock markets was 758.2 billion yuan, an increase from the previous trading day. Northbound funds are net**370.1 billion yuan, of which the Shanghai Stock Connect net **75.8 billion yuan, Shenzhen Stock Connect net **294.3 billion yuan.
At a time when there was a strong sentiment in the A** market, Zhongzitou**, bank stocks and performance forecast stocks tried to stabilize the index and sentiment. In addition, large funds also continue to support the market through the CSI 300 ETF.
As of January 30, 1,065 companies have released their 2023 performance forecasts, according to **. Among them, 557 companies have reported improved earnings, and 669 companies are expected to be profitable in 2023.
These companies include 325 central state-owned enterprises in key sectors such as transportation, manufacturing, consumer goods, and energy. Judging from the results disclosed so far, central state-owned enterprises have played an important role in promoting economic recovery and enhancing market confidence.
In addition, the banking sector is also a popular focus of the market. The strength of the dividend index indicates an increase in investor interest in the Chinese prefix** and high dividends**. This is also in line with the regulator's goal of emphasizing the construction of a valuation system with Chinese characteristics.
However, the Shanghai Composite Index has been on a monthly basis for six consecutive months**. This is a very rare phenomenon in history. Historically, the market has some characteristics when the index stops falling on a monthly basis.
According to a research report by Capital **, in more than half of the cases, the index stopped falling in the following month. In addition, there will be a slight decrease in transaction activity. Overall, the current market performance could be a sign that the index has bottomed out.
As the market recovers, transaction activity may gradually increase. In addition, the central state-owned enterprises and the banking sector are likely to become market leaders. Historically, the increase in transaction activity is often driven by bailout funds.
With the return of market confidence and the recovery of market momentum, the market volume may increase steadily after a slight pullback, thus forming a healthy "volume and price rise" pattern.