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The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

author:Wall Street Sights

On Friday, January 5, the three major A-share indexes opened low, continued to decline in the afternoon, and rebounded slightly at the end of the session. As of the close, the Shanghai Composite Index closed down 0.85%, falling more than 1% in the afternoon, the Shenzhen Component Index closed down 1.07%, and the ChiNext Index closed down 1.45%, hitting a new low in nearly four years, and fell more than 2% at one point during the session.

The BSE 50 index weakened throughout the day, closing down more than 4%.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

The Science and Technology Innovation 50 sector fell nearly 2%, hitting a record low intraday, among which the top 10 heavyweights were all in the green.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

Hong Kong stocks weakened throughout the day, with the Hang Seng Index closing down 0.66% and the Hang Seng Tech Index down 1.71% at the close.

In terms of A-shares, banks, solid-state batteries, and small household appliances sectors were among the top gainers, while military, photovoltaic, gaming, and big technology sectors were among the top decliners.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

There are only more than 500 shares in Shanghai and Shenzhen, with a turnover of more than 730 billion yuan.

In terms of popular stocks, LBT staged a "earth-sky-earth" trend in the day, with a turnover of more than 1.1 billion yuan, Shenwu Energy Conservation staged a "sky floor" in the afternoon, and Rijiu Optoelectronics staged a "earth and sky board".

There was an obvious rush for funds in the northbound capital at the end of the market, and the inflow of more than 5 billion yuan accelerated at the end of the market. The two cities bought a net of 1.992 billion yuan throughout the day, including a net purchase of 1.564 billion yuan in Shanghai-Hong Kong Stock Connect and a net purchase of 428 million yuan in Shenzhen-Hong Kong Stock Connect. This week, northbound funds have reduced their positions by more than 5.5 billion yuan.

In terms of Hong Kong stocks, most of the components of the science and technology index fell. GDS fell 6.7%, Xpeng Motors fell more than 4%, Lenovo Group fell nearly 4%, Alibaba fell 3.7%, and Li Auto fell more than 3%.

KEEP FELL FOR EIGHT CONSECUTIVE DAYS, FOLLOWING YESTERDAY'S STOCK PRICE HIT A RECORD LOW, AND DIVED AGAIN TODAY, CLOSING DOWN MORE THAN 13% IN A NARROW RANGE IN THE AFTERNOON.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

The solid-state battery concept has risen and fallen

Defu Technology's 20CM daily limit, Ruitai New Materials rose by more than 11%, and Jinlongyu, Shanghai Xiba, and Xinlun New Materials bid daily limits.

On the news side, the Volkswagen Group subsidiary used the Quantumscape solid-state battery for endurance testing, and the results showed that it can achieve an ultra-long life of 500,000 kilometers and almost no range degradation. Stimulated by this, Quantumscape, a U.S. solid-state battery stock, rose 43.08%.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

Bank stocks collectively strengthened

Ruifeng Bank rose more than 9%, once hitting the daily limit, and Bank of Suzhou rose 6%. The shares of the five major state-owned banks of the "Establishment of Diplomatic Relations between Industry and Agriculture" all rose, and the share price of the Agricultural Bank of China continued to hit a record high intraday, with a total market value of 1.29 trillion yuan.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

The high dividend market catalyzed many stocks to new highs

Recently, catalyzed by the high dividend market, many stocks have hit record highs.

Today, the Agricultural Bank of China continued to hit a record high, and the stock price of China Shenhua hit a new high since 2008 in early trading, and the total market value exceeded that of CATL.

Yesterday, Yangtze River Power and CNOOC both hit record highs in intraday trading.

Big Tech led the decline

Computing power stocks weakened, Xinyisheng fell 6%, Zhongji Innolight and Inspur Information fell more than 3%.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

The concept of artificial intelligence is sluggish, Chinese Online fell more than 8%, and Huali Chuangtong fell more than 7%.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

The micro-cap index continued to hit new highs

The Wind Micro Cap Index continued to hit new all-time highs.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

Since last year, micro-cap stocks have been on the rise, with a cumulative increase of more than 50%.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

The shipping concept was pulled back, and the container shipping index fell 4%

Xingtong shares and Ningbo COSCO fell more than 5%.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

The main force of the container transportation index (European line) opened with a slight decline, and rebounded slightly after a short-term decline near the end, falling 3.99% to close at 2275.5 points.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

The concept of ice and snow tourism is hot

Changbai Mountain 4 boards, Dalian Shengya 3 boards.

On the news, the 40th China Harbin International Ice and Snow Festival opened today.

According to the data center of the Ministry of Culture and Tourism, during the New Year's Day holiday this year, there were 135 million domestic tourism trips, an increase of 155.3% year-on-year, an increase of 9.4% over the same period in 2019 on a comparable basis, and a domestic tourism revenue of 79.73 billion yuan, a year-on-year increase of 200.7% and an increase of 5.6% over the same period in 2019.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

Pharmaceutical stocks were sluggish across the board

Cain Technology fell to the limit.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

"Big White Horse" Hengrui Pharmaceutical dived in early trading, reaching a minimum of 41.28 yuan per share, closing down more than 4%.

The ChiNext fell 1.45% to a new low, with bank stocks strengthening and core assets weakening

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