Hong Kong stocks rose for 3 consecutive days after the opening of the Year of the Dragon, making investors look forward to the performance of A-shares in the Year of the Dragon. Statistics show that looking back at the historical data of the past 20 years (2004-2023), the Shanghai Composite Index has 11 years** and another 9 years to close down on the first trading day after the Spring Festival, with a probability of 55%.
Photo source: Visual China.
Yangtze Evening News Purple Cow News reporter found that since the opening of the Hong Kong stock market in the Year of the Dragon on February 14, the Hang Seng Index has been **41% and 248%。
In terms of industry sectors, most of Hang Seng's 24 secondary industries closed higher, of which **, consumer services, consumer durables and clothing led the gains, respectively90%；Utilities, telecommunications services, transportation industry**, respectively**50%。Tencent Holdings, Industrial and Commercial Bank of China, PetroChina, Alibaba-SW, Agricultural Bank of China and other Hong Kong top values.
According to the analysis of Huaxin's research report, A-shares are expected to continue before the holiday. Soochow ** released a research report that 2024 is the starting point of a new round of bull market in A-shares, core assets are expected to usher in valuation repair, and growth styles will rise.
Zheshang** released a strategic research report that since August 2023, the market has basically entered the historical bottom area. As the market returns to a steady state, the essence of where A-shares are bottom will depend on valuations and earnings. In terms of valuations, a number of indicators show that the market has basically entered the historical bottom zone; In view of profitability, the policy of stabilizing growth has been strengthened, and high-quality development has helped, and the overall profitability is expected to be gradually restored, and structural highlights are expected to gradually appear.
*There are risks, investment needs to be cautious].
Proofread by Li Haihui.