A-share early decline across the board! ChiNext fell 2%, CATL fell more than 5%

A shares fell across the board in the morning, the ChiNext index fell to 2%, the Shenzhen Composite Index fell more than 1%, oil and gas exploitation, medical services, battery sector led the decline, individual stocks, Ningde era fell more than 5%.

The CRO concept led the decline, and WuXi AppTec shares fell to a halt.

Institutional watch

(1) Zhongyuan Securities: It is expected that the Shanghai index will be more likely to oscillate slightly around 3400 points in the short term

Zhongyuan Securities pointed out that on Monday, the A-share market opened high, a sharp shock rose, good news continued to emerge during the Spring Festival holiday, the high-level statement to increase infrastructure construction efforts to boost the domestic economy, the victory of the Winter Olympics, and the sharp rebound of the outer market, many positive boosts to investor confidence, the early two city stock index jumped high after the rapid upward movement, engineering construction, steel, coal and petrochemical and other related industries took turns to lead the rise, driving the stock index to rise steadily, the afternoon stock index high shock, the Shanghai index throughout the day performance eye-catching. It is worth noting that although the Shanghai index rose significantly on Monday, the trading volume of the two cities was not amplified simultaneously and effectively, and whether the Shanghai index can build a phased bottom near 3350 points in the future still needs to be verified. It is recommended to pay close attention to the changes in policy, capital and external markets. It is expected that the short-term shanghai index is more likely to fluctuate slightly around 3400 points, and the short-term short-term consolidation of the ChiNext market is likely to be larger. We advise investors to pay careful attention to investment opportunities in engineering construction, cement building materials and some cyclical industries in the short term, and continue to pay attention to investment opportunities in undervalued blue-chip stocks in the medium term.

(2) Guosheng Securities: The market is generally rising but still divergent Waiting for the signal on the right to appear

Guosheng Securities Research Report believes that although the technical market has come out of the door as scheduled, the bearish trend has not been reversed, and the turnover has not been significantly enlarged, and it can only be seen as an oversold rebound after a short-term continuous fall. It is necessary to pay attention to whether there is a continuous incremental capital entry, if the volume is not good, the index may face a second retracement to build a bottom to confirm support. In operation, it is advisable to see more and move less, cautiously chase the rise, and wait for the right signal to appear. You can pay attention to the layout opportunities of securities companies, infrastructure, large consumption and other sectors, or it is a good choice for the current market.

(3) Galaxy Securities: Optimistic about the opportunity to repair the low valuation of bank stocks in the first quarter

Galaxy Securities pointed out that we continue to pay attention to the role of wide credit in promoting the improvement of the bank's operating environment, steady growth in performance and asset quality optimization, and are optimistic about the opportunity to repair the low valuation of bank stocks in the first quarter and maintain the "recommended" rating.