Chinanews client, Beijing, January 4th (Reporter Xie Yiguan) On the first trading day of A-shares in 2021, 170 million shareholders are excited again!

"Stock market", "funds", "Kweichow Moutai share price exceeded 2,000 yuan", and "military industry sector" rushed into hot searches one after another.

　　As of the close of January 4, the Shanghai Stock Exchange Index rose 0.86% to 3,502.96 points, successfully reaching 3,500 points, a new high since February 2018; Shenzhen Component Index rose 2.47% to 14,827.47 points, ChiNext Index rose 3.77% to 3,07.11 points, both A new high since July 2015.

The Shanghai index daily chart.

　　The enthusiasm for market transactions was soaring, with the total turnover of Shanghai and Shenzhen stocks breaking through one trillion yuan.

However, the northbound funds began to turn around, with a total net outflow of 542 million yuan, including a net outflow of 1.395 billion yuan for Shanghai Stock Connect and a net inflow of 853 million yuan for Shenzhen Stock Connect.

　　On the disk, a total of 2,814 stocks in the two cities rose, 137 stocks rose by the limit; 1,167 stocks fell, and 14 stocks fell by the limit.

Sectors such as electrical equipment, aviation, agriculture, forestry, animal husbandry, fishery, nonferrous metals, and general machinery saw the highest gains.

　　In terms of the concept sector, the news of Tesla's price cuts boosted new energy vehicle concept stocks. Tesla, lithium batteries, new energy vehicles and other sectors have surged, and the photovoltaic concept, national defense industry, military-civilian integration and other sectors have set off a rising tide.

Taking the defense and military industry sector as an example, 21 related stocks such as Shanghai Hanxun, Yinbang, Quanxin and Xinguang Optoelectronics have closed their daily limits.

　　"In January 2021, it is expected that the market will continue to maintain an upward trend, and the Shanghai Stock Exchange Index will continue to rise." China Merchants Securities believes that this is mainly based on the fact that the first quarter of 2021 will usher in the highest performance growth rate in the past 10 years. Period; the central bank will substantially release liquidity in December 2020; stock allocation is expected to increase, and Beijing capital will increase its position in A-shares at the beginning of the year, and A-shares will usher in a more obvious wave of incremental funds.

　　"At the beginning of the new year, macro liquidity has improved significantly compared with the previous period, and the liquidity of the stock market continues to be optimistic. January and February coincided with the intensive landing period such as the economic data window period, the '14th Five-Year Plan' and the provincial and local two sessions. Market liquidity And the risk appetite has improved significantly compared to the previous period. The domestic economic fundamentals continue to recover, with full resilience, and high-frequency data such as manufacturing investment, PMI, and industrial corporate profits support the continued recovery of corporate profits. Driven by multiple positives, the recovery market is optimistic. "The Wang Delun team of Industrial Securities pointed out.

　　“The reform of the registration system in 2021 will continue to advance steadily. The trend of residents to increase financial asset allocation is expected to continue, and institutions and foreign investors may continue to increase their pricing power for A-shares.” CICC believes that in this context, the fundamental style remains It is the main line of investment in 2021. It is implemented at the level of individual stocks. It is recommended that investors continue to strategically allocate high-growth and high-quality listed companies, and make tactical allocation of game styles based on valuation levels, liquidity and policy expectations. (Finish)