Financial News Selection The Shanghai and Shenzhen Stock Exchanges released the market closing arrangements for the Spring Festival in 2021. The Shanghai Stock Exchange and the Shenzhen Stock Exchange released the market closing arrangements for the Spring Festival in 2021: the market will be closed from February 11 (Thursday) to February 17 (Wednesday), and February 18 (Thursday)

The market will open as usual.

In addition, the market will be closed on the weekends on February 7 (Sunday) and February 20 (Saturday).

The fund manager wanted to buy some Chinese New Year wine, and after a round of phone calls, he decided to quickly adjust his position. “I recently ordered liquor for the Chinese New Year. When I called, I found that the prices of some products had increased too quickly. Based on more in-depth fundamental research, I reduced my position some time ago.

Some pharmaceutical stocks have increased their positions in the consumer sector, pursuing higher certainty!" said a person from a medium-sized private equity fund in Shanghai.

Many industry insiders analyzed that in the short term, with the epidemic gradually under control and the concept of celebrating the Spring Festival on the spot gradually gaining popularity, the consumer industry including liquor has strong certainty and deserves attention. However, in the medium and long term, liquor

The industry's valuation increase will slow down, and investors need to be clear about the nature of their funds when choosing investment targets.

Bear market for small stocks: Nearly 1,800 A-share stocks fell below a 2-year low. Since the beginning of this year, the differentiation between large and small stocks has intensified. The Shanghai Stock Exchange Index rose 0.83%, the ChiNext Index rose 7.9%, the CSI 300 rose 5.04%, and the small-cap stock index represented

However, the CSI 1000 Index fell sharply by 7.2%. More than 70% of the stocks in the two cities fell, and 823 stocks fell by more than 20%.

Statistics found that as of today's close, among all A-shares this year, a total of 200 stocks have increased by more than 20%; 207 stocks have increased between 10% and 20%; and 420 stocks have increased by 10%.

Within.

In addition, more than 3,100 stocks have fallen this year; at the same time, there have been 823 stocks that have fallen by more than 20%. The market median decline since this year is 11.4%, which fully reflects the 28-80 market divide.

MSCI launches China Technology Index series, featuring pan-tech and cross-market features. On February 4, MSCI announced the launch of the MSCI China Technology 100 Index and the China A-Share Onshore Technology 100 Index to satisfy domestic and foreign investors’ interest in China’s leading technology and innovation.

investment needs of economic enterprises.

MSCI said the goal of these indexes is to reflect the performance of disruptive growth companies that use technology to change their business models and the way they interact with society.

The index is compiled to cover stocks across the consumer, communications services, healthcare and information technology industries.

100 billion yuan in 14-day reverse repurchase operation with zero net investment!

Will Yangma still give out big red envelopes before the Spring Festival?

As the Spring Festival approaches, the central bank finally begins to invest across the holiday and launches a 14-day reverse repurchase operation. However, the first show of cross-holiday funds was a "zero net investment".

The Mingming team of CITIC Securities believes that the liquidity gap faced during the Spring Festival in 2021 will be around 1.85 trillion yuan, and it is necessary for the central bank to increase investment.

However, the capital interest rate center is expected to operate near the policy interest rate in the future. The capital side is still mainly in tight balance before and after the Spring Festival, and it is difficult to return to the levels at the end of December last year and early January this year.

(Investment consultant: Lin Xurui, practicing certificate number S0260615100004) 2. Market hot spots focus Market comments: Individual stocks are seriously differentiated, and market operations are more difficult. Operations should strictly control positions to participate. The major A-share indexes experienced a sharp correction on Thursday. As of the close,

Among them, the Shanghai Stock Exchange Index fell 0.44% to close at 3501.86 points, barely holding on to the 3500-point integer mark; the Shenzhen Stock Exchange Component Index fell 0.84% ??to close at 15105.94 points; the GEM Index fell 0.72% to close at 3200.55 points.

The total transaction volume in the two cities was 942.5 billion yuan, and northbound funds bucked the trend and bought a net 6.771 billion yuan that day.

In terms of sectors, banking, brewing, wood furniture, insurance, etc. performed relatively strongly; non-ferrous metals, precious metals, agriculture, animal husbandry, fishery, and electronic information were among the obvious decliners.

The industry sectors showed a general decline trend, and the differentiation trend of individual stocks became more obvious. More than 3,000 stocks fell throughout the day, and the market's short-term emotional fluctuations significantly intensified.

On the news, the central bank restarted the 14-day reverse repurchase in order to maintain stable liquidity before the Spring Festival. It carried out 100 billion yuan of 14-day reverse repurchase operations through interest rate bidding, with an interest rate of 2.35%.

Remain the same as before.

Since 100 billion yuan of reverse repurchase expired on that day, zero injection and zero withdrawal were achieved in a single day. In the short term, the injection of monetary liquidity remained relatively stable, and there was no obvious rapid contraction. It is estimated that the short-term impact of the liquidity contraction on the market will be relatively limited, and it will remain the same as before the holiday.

The market range-bound view.

However, considering the recent serious differentiation of individual stocks in the sector and the increasing difficulty of market operations, it is recommended not to aggressively pursue higher prices and to strictly control the position participation. The current emphasis is on tapping individual stock prices brought about by corporate profits, rather than improving liquidity valuations.

Quotes.

Market funds are more inclined to deploy in directions with higher cost performance.

For example, the focus has shifted to high-dividend, low-valuation blue chips and high-quality growth stocks with highly elastic performance. It is also reminded that individual stocks whose performance disclosure is difficult to meet expectations must be appropriately vigilant and avoid to avoid stepping on "land mines".

There are risks in the stock market, so investment needs to be cautious.