Opening: The shanghai index of the three major A-share indexes collectively opened low and fell 0.23%, and Fosun Pharma and Brilliant Pharma both rose and stopped

Financial circles January 21 news Today's three major A-share indexes collectively opened low, the Shanghai index fell 0.23%, at 3546.75 points, the Shenzhen component index fell 0.38%, at 14144.22 points, the ChiNext index fell 0.42%, at 3052.98 points; on the disk, tourist hotels, aviation airports, coal industry, tax-free concepts, railways and highways and other sectors rose in the front, and the new crown drugs, digital currencies, new crown testing, aerospace, precious metals and other sectors fell in the front. In terms of individual stocks, Fosun Pharma and Brilliant Pharma have risen and stopped, and five Chinese companies, including the above two companies, have been authorized to imitate Merck oral COVID-19 drugs for free.

Today, FTSE China A50 futures opened up 0.15%. Hong Kong's Hang Seng Index opened down 0.22%. Japanese and South Korean stocks opened lower, with the Nikkei 225 opening down 1.33% at 27404.36. South Korea's KOSPI index opened down 0.77% at 2840.75.

The three major U.S. stock indexes closed lower overnight, with the Dow down 0.89% at 34,715.39 points; the Nasdaq down 1.3 percent at 14,154.02 points; and the S&P 500 down 1.1 percent at 4,482.73 points.

【Institutional Perspective】

Soochow Securities believes that at present, due to the reasons of the time node, the market is releasing the selling pressure in an orderly manner, more varieties have certain signs of oversold, and the operation looks at investors still on the sidelines, focusing on observing the low-valued varieties with better texture but recently being wrongly killed, waiting for the market to stabilize spontaneously before carrying out the follow-up layout.

Guosheng Securities pointed out that since january 14, after stepping back on the 3520 first-line support, the Shanghai Composite Index has started a repairive rebound after stabilizing, and the trading sentiment has been further repaired, but the market sentiment is clearly differentiated, and it is difficult to choose the direction of the short-term expectation. Overall, under the tone of overall stability of market liquidity, the market short-term or still dominated by low suction, you can actively pay attention to the current market hot digital economy related topics to find individual stock opportunities. Operationally, with the end of 2021, the market may be able to open the expectation of increasing the valuation of the industry with a clear context of annual report performance, which can accumulate post-holiday market opportunities, and more should be cautious of the risks brought about by market fluctuations years ago.

Zhongyuan Securities pointed out that on Thursday, the A-share market encountered resistance and slight shocks, and the central bank lowered the 1-year and 5-year LPR interest rates in the morning, boosting the financial sectors such as banking, insurance, securities and real estate, and all kinds of funds pursued the financial sector and core assets such as brewing. At the same time, more than 80% of the remaining sectors and individual stocks are all lower, the market reproduced the "two eight" pattern, and the Shanghai index basically fluctuated around 3560 points throughout the day. The strengthening of the financial sector and core assets shows that investors' risk aversion has improved, and the Shanghai index will still repeatedly test the effectiveness of the annual support in the future, and it is recommended to pay close attention to the changes in the policy and capital side. It is expected that the short-term shanghai index is more likely to be slightly sorted out around the annual line, and the short-term short-term oscillation of the ChiNext market is more likely. Investors are advised to wait and see in the short term, and the mid-term continues to focus on investment opportunities in undervalued blue-chip stocks.