Sino-Singapore Jingwei Client, January 11th. On Monday, the three major A-share indexes fluctuated and declined throughout the day, and market divergence intensified. Individual stocks fell generally, with more than 3,300 stocks floating green; on the disk, the main lines of lithium batteries, photovoltaics, and liquor were collectively killed. Bank and auto stocks bucked the market and rose, and petrochemicals led the rise.

In terms of trading volume, the turnover of Shanghai and Shenzhen stock markets exceeded RMB 1 trillion for six consecutive trading days.

　　Time-sharing chart of the Shanghai Stock Exchange Index.

Source: Wind

　　As of the close, the Shanghai Composite Index fell 1.08% to 3,531.50 points, with a turnover of 526.9 billion yuan; the Shenzhen Component Index fell 1.33% to 15115.38 points, with a turnover of 684.9 billion yuan; the ChiNext Index fell 1.84% to 3092.86 points, with a turnover of 225.4 billion yuan.

　　On the disk, the rubber, automobile, tourism, electronics manufacturing, transportation equipment and other sectors led the gains; the fishery, livestock and poultry breeding, other mining, industrial metals, and gold sectors led the decline.

In terms of concept stocks, glass concepts, 3D glass, complete cars, 3D cameras, and driverless cars have the largest gains, while capital leaders, rice wine, copper, aluminum, and shared bicycles have the largest declines.

　　In terms of individual stocks, 774 individual stocks rose, including ST Asiastar, Kangyue Technology, ST Jinggu and other stocks rose more than 5%.

3311 stocks fell, of which Zhangzidao, Xinsai shares, Wei Chuang Electric and other stocks fell more than 5%.

　　In terms of turnover rate, a total of 35 stocks have turnover rates of more than 20%, of which Sinochip Technology has the highest turnover rate, reaching 58.1%.

　　In terms of capital flow, the top five major flows of industry sectors are Bank II, rare metals, chemicals, electronics manufacturing, and beverage manufacturing, and the top five flows of rare metals, beverage manufacturing, power equipment, chemicals, and securities firms.

The top five stocks with major inflows are Tianqi Lithium, GEM, Sanan Optoelectronics, BOE A, and Wuliangye. The top five stocks with outflows are Tianqi Lithium, Wuliangye, Sanan Optoelectronics, Jinkong Power, and GEM.

　　As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 792.77 billion yuan, an increase of 263 million yuan from the previous trading day, and the securities lending balance was reported at 89.863 billion yuan, an increase of 585 million yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 733.609 billion yuan. , A decrease of 1.39 billion yuan from the previous trading day, and the securities lending balance reported 56.357 billion yuan, an increase of 111 million yuan from the previous trading day.

The balance of margin financing and securities lending in the two cities totaled 167.260 billion yuan, a decrease of 432 million yuan from the previous trading day.

　　From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound capital is 3.652 billion yuan, of which the net inflow of Shanghai Stock Connect is 383 million yuan, the balance of funds on the day is 51.617 billion yuan, and the net inflow of Shenzhen Stock Connect is 3.269 billion yuan. The balance was 48.731 billion yuan; the net inflow of southbound funds was 16.953 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 8.826 billion yuan, the day’s fund balance was 33.174 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 8.127 billion yuan, and the day’s fund balance was 33.873 billion yuan.

　　Huaxin Securities believes that since the beginning of January, under the background of ample liquidity in the A-share market, the valuation of leading stocks has been at a premium.

For the next stage of the market, short-term market volatility is reasonable. The current adjustment is the first technical adjustment in the current round of trending market and will not change the upward trend. Investors should pay attention to the risk of individual stock volatility.

　　AVIC Securities said that a number of factors are conducive to the continuation of the A-share market. However, considering the high valuation of some early-stage leading products and short-term pressure to take profit, it is expected that the subsequent A-shares in January will be dominated by structural opportunities.

In terms of sector configuration, it is recommended to continue to pay attention to the broad procyclical sector: automobile sector, home appliance sector, big finance (securities, insurance) and optional consumption represented by hotels, movies, tourism, tax exemption, etc.

(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.)