On January 31, the market rose and fell throughout the day, and the Shanghai Composite Index fell 148% lost 2800 points again. As of **, the Shanghai Composite Index fell 148%, the Shenzhen Component Index fell 195%, the GEM index fell 066%。Overall, ** once again showed a general decline pattern, with more than 4,800 stocks in the whole market falling to the limit of more than 100 stocks in the two cities.
On the disk, the industry sector is almost all **, only the insurance sector is against the market**, Internet services, energy metals, tourism hotels, motors, decoration, games, communication equipment, communication services, computer equipment sectors are among the top decliners.
In terms of capital, the turnover of the Shanghai and Shenzhen stock markets today was 758.2 billion, an increase of 94.5 billion from the previous trading day. Northbound funds were net **37 throughout the day0.1 billion yuan.
On the whole, today, under the influence of the collective heavy decline in the annual report loss and forecast, many weighted white horse stocks have crashed sharply, which has not only impacted market sentiment, but also become a key factor dragging down the performance of the index.
Among them, "Chinese medicine Mao" Pien Tze Huang fell to the limit intraday due to performance growth that was not as expected. Although the company released a "good start" in the first quarter at noon: it is expected that in the first quarter of 2024, the company's net profit attributable to the parent company will increase by no less than 25% year-on-year. However, the boost to the stock price was relatively limited, and it still fell by more than 9% in the end.
In addition, there are also "lithium mining duo" Tianqi Lithium and Ganfeng Lithium due to a sharp decline in performance, both of which exceeded 7%, and wind power leader Mingyang Intelligent fell to the limit.
It is worth noting that the new energy leader CATL performed strongly throughout the day due to its performance exceeding expectations, and finally closed up 77%；China Shenhua surged nearly 4%, and its intraday stock price hit a new high.
In response to the high-dividend strategy, the top private equity boss Dong Chengfei's latest analysis said that the high-dividend strategy is the only effective strategy in 2023, and the related strategies will perform well at the beginning of 2024, which is reasonable. In the current environment, the dividend sector is still attractive to large funds with low risk appetite, and the future is still worth looking forward to, the only risk is that some of the weighted industries are cyclical.
Looking forward to the market style in February, China Merchants pointed out that with the Spring Festival as the demarcation point, the pre-holiday ETF is expected to continue to contribute marginal incremental funds to A-shares.
After the holiday, with the disclosure of the January performance forecast, the market entered a vacuum period of economic data and performance, and the policy expectations heated up in March, new expectations began to form, and funds began to start a new layout, and market risk appetite may be expected to improve.
In addition, the decline in industrial corporate earnings continued to narrow in December 2023, and the U.S. Treasury interest rate was not enough to suppress the valuation of A-shares.