2024.1.22-1.26
Domestic market index for the week
(Data source: Wind, 2024.1.22-1.26)
Macro markets
The two cities showed a downward trend of rebound last week.
● On the first trading day of last week, the two markets fluctuated and fell, and the Shanghai Composite Index fell below the 2,800-point mark. On the disk, all industry sectors closed down. Among the 31 primary industries in Shenwan, only the banking sector fell slightly, and the other industries fell by more than 1.5%. The media sector led the decline, the social services, beauty care, and environmental protection sectors led the decline, and most industry sectors such as computers, light manufacturing, and commerce and retail followed the index downward.
● In the last four trading days, the two markets fluctuated and rose, and the Shanghai Composite Index regained 2,900 points strongly. On the news side, the central bank announced that it will cut the reserve requirement ratio by 0.5 percentage points on February 5 to provide long-term liquidity to the market by about 1 trillion yuan. On the disk, the industry sector rose more and fell less. The real estate sector continued to be active and led the two cities, the construction decoration, petroleum and petrochemical, and coal sectors were among the top gainers, and the top Chinese stocks performed strongly, and the public utilities, communications, and building materials sectors followed the rebound of the broader market. Science and technology stocks showed a volatile trend this week, and individual stocks were mixed.
Industry sectors
Last week, the sectors with better performance in Shenwan's primary industry included real estate, construction and decoration, petroleum and petrochemical, coal, non-bank finance, etc., and the weaker sectors included beauty care, power equipment, electronics, medicine and biology, textiles and clothing.
International market indices for the week
(Data source: Wind, 2024.1.22-1.26)
Major U.S. markets all rose last week, with the S&P 500 rising the most. In Europe, Germany's DAX index and Britain's FTSE 100 index both rose sharply. In the Asia-Pacific market, the Nikkei 225 index fell slightly on the week.
The average weekly rise and fall of all types of funds
(Data source: Wind, 2024.1.22-1.26)
Last week, the index of equity funds fell slightly, and the mixed fund of partial stocks fell sharply. Bond funds rose slightly, and equity QDII funds rose sharply.
Outlook for the market
● Last week, the central bank lowered the deposit reserve ratio to provide long-term liquidity of about 1 trillion yuan. At the same time, the Shanghai Composite Index rebounded strongly to regain 2,900 points, led by the Chinese and high-dividend sectors.
●Since the beginning of the year, the policy of stabilizing the capital market has focused on improving market expectations, and macro, real estate and other policies have been intensively introduced to help the market stabilize.
● Looking forward to February, the market may still face many tests, or will continue to fluctuate. Investors can wait for fundamentals to improve.
Risk Warning: Funds are risky, and investment should be cautious. The above data comes from Wind, Haitong Securities. The opinions and comments provided in this material are for informational purposes only and do not constitute any operational advice or recommendation of the securities mentioned. This information is owned by our company, and without written permission, no institution or individual may make any deletion or modification of the content contrary to the original intention. The fund manager promises to manage the fund assets diligently and responsibly in accordance with the principle of integrity and rigor, but does not guarantee that the fund will be profitable, nor does it guarantee a minimum return, and does not represent an indication or prediction of future performance. Fund investment is risky, please carefully read the "Fund Contract", "Prospectus" and other fund legal documents before investing in the fund.