Sino-Singapore Jingwei Client, December 31. On the last trading day of 2020 (31st), the three major A-share stock indexes closed in red across the board. The Shanghai Stock Exchange Index broke through the year's high of 3,465.73 points, setting a new high since February 6, 2018.

On the disk, the military industry and brokerage sectors broke out.

　　For the whole year of 2020, the Shanghai Composite Index rose by 13.87%, the Shenzhen Component Index rose by 38.73%, and the ChiNext Index rose by 64.96%.

　　Screenshot of Shanghai Composite Index Annual Line

Three major stock indexes receive dividends

　　On December 31, A shares continued their strong momentum and continued to open higher.

As of the close, the Shanghai Index reported 3473.07 points, an increase of 1.72%, with a turnover of 450.482 billion yuan; the Shenzhen Component Index reported 14470.68 points, an increase of 1.89%, with a turnover of 511.266 billion yuan; the GEM index reported 2966.26 points, an increase of 2.27%.

The Shanghai Stock Exchange 50, known as the "Beautiful 50", hit a new high since the beginning of 2008; the Shanghai and Shenzhen 300 Index broke through 5200 points, the first time since June 2015.

　　Hot spots on the disk are in full bloom, showing a new year-round market trend.

The household appliances, tourism, securities, shipbuilding and other sectors ranked among the top gainers; coal, gas and heating, electricity, and wine making top declines.

　　The shipping sector rose 5.52%, China Shipbuilding Defense, China Shipbuilding Technology Daily limit; the brokerage sector, which once rose more than 5%, narrowed its gains to 4.80%, all stocks rose, Zhongyuan Securities, Xiangcai shares, Founder Securities, Shanxi Securities, Guosheng Financial Holdings , China Merchants Securities and other daily limit; liquor stocks edged up 0.51%, Kweichow Moutai closed up 3.36% to 1998.00 yuan, approaching the 2,000 yuan mark.

　　In terms of the concept sector, UAVs, lithography machines, tire pressure monitoring, building energy conservation, and national defense and military industries saw the highest gains; titanium fell slightly.

　　What needs to be mentioned is that the concept of biological vaccines rose by 1.94%, and it rose by more than 4% in the early afternoon.

Some bio-vaccine stocks plunged. Kangtai Biotech once fell more than 7%, and as of the close, it fell slightly by 1.69%, Wanfang Development fell by more than 3%, and Tiankang Bio, Biotech, Hisense, and North China Pharmaceutical fell.

　　In general, a total of 3141 stocks in the two cities rose, of which Huaxi Bio, Minmetals Rare Earth, Yaxing Anchor Chain and other stocks rose by more than 5%.

800 stocks fell, among which many stocks such as Tielong Logistics, ST Antai, ST Shede, etc. fell more than 5%.

How will the market interpret in 2021?

　　For the 2021 market, institutions tend to hold a neutral or optimistic attitude.

　　Guosen Securities said that since December, the capital market has moved out of the trend of double bulls in stocks and bonds.

The core reason is that during the current economic recovery, domestic liquidity has been fine-tuned and relaxed.

The current economic recovery is still continuing and still in its infancy. Short-end interest rates have fallen and market liquidity has improved. We still maintain a firm and bullish judgment on the current stock market.

　　Soochow Securities pointed out that in the outlook, the GEM index has a strong overall operating trend, but the volume can meet the shortcomings. Once the market outlook cannot make up for the volume, the index will continue to repeat.

The Shanghai Stock Exchange Index is still undergoing technical corrections around 3400 points, showing signs of market gains and adjustments.

It is recommended to grasp the rotation between the plates, and mainly sell high and buy low.

　　In Guotai Junan's view, the economic momentum is strengthened and the spring turbulence is expected, and the market's economic growth expectations are further revised. This will make the index possible to break through 3,500 points, but it will still return to the 3100-3500 point shock pattern in the first half of 2021.

　　Regarding the discussion of spring turmoil, Tianfeng Securities analyzed that the index performed strongly towards the end of the year.

The industries that have gained better momentum in recent trading days are most likely to be the industry sectors that lead the market in spring.

It is unlikely that the market will fall or rise, but the structural opportunities are still exciting.

(Zhongxin Jingwei APP)

(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.)