Weak positions fluctuated within a narrow range, and individual stocks generally fell.

Affected by the overnight decline in the external market, the A-share market opened slightly lower on December 2. In the early trading, the three major indexes rose and fell. The market maintained its 28th-eighth split, and individual stocks showed a general downward trend. In the afternoon, the Shanghai and Shenzhen stock markets still maintained a weak and volatile pattern.

By the close of trading on December 2, the Shanghai Composite Index fell 0.09% to 3,573.84 points; the Science and Technology 50 Index fell 1.85% to 1429.5 points; the Shenzhen Component Index fell 0.19%, reported 14765.56 points; ChiNext index fell 0.19%, reported 3466.91 points.

Wind statistics show that 1093 companies in the two cities rose, 3341 companies fell, and 111 companies were flat. On December 2, the Shanghai and Shenzhen stock exchanges were traded The total amount was 1153.3 billion yuan, an increase of 6.8 billion yuan from the previous trading day’s 1,146.5 billion yuan, and it exceeded one trillion yuan for 30 consecutive trading days. Among them, the Shanghai stock market turnover was 468.4 billion yuan, an increase of 900 million yuan over the previous trading day’s 467.5 billion yuan, and the Shenzhen stock market turnover was 684.9 billion yuan.

A total of 69 stocks in Shanghai and Shenzhen stock markets have increased by more than 9%, and 31 stocks have fallen by more than 9%.

The total net inflow of northbound funds on December 2 was 3.021 billion yuan. Among them, the net inflow of Shanghai Stock Connect was 3.948 billion yuan, and the net outflow of Shenzhen Stock Connect was 927 million yuan.

Building materials segment rose sharply

In terms of segments, the building materials and building decoration segments rose sharply, with Zhongzhuang Construction (002822) and Zhongrui ( 002374), Zhenhai shares (603637), Ruihe shares (002620), Shangfeng Cement (000672) and other daily limit.

Auto stocks are also strong, CIMC Vehicles (301039), Yuebo Power (300742), Best (300580), Beite Technology (603009), China National Heavy Duty Truck (000951), FAW Fuwei (600742) and many other stocks daily limit.

A number of hot topics have fallen, and the industrial base machine sector has fallen at the top. Yujing shares (002943) has fallen by the limit, Guosheng Zhike (688558), Huarui Precision (688059), Huachen Equipment (300809) and others have fallen More than 5%.

The photovoltaic sector also fell at the top, with Aixu (600732), Jinko Technology (601778), Zhonglai (300393), Jiaweixin Neng (300317) and Haiyou New Materials (688680) fell more than 5%.

New Year’s Eve market will continue to expand

Guotai Junan believes that there is limited room for index correction. Today’s index continues to oscillate and diverge, and the performance is more tenacious, but the market sentiment is completely different from yesterday. Individual stocks generally fell on the disk, and the leading themes were mainly defensive themes such as large consumption and cyclical resource stocks. The rest of the whole is still in the theme rotation stage. In terms of transaction volume, the two cities continued to maintain the trillion-dollar level, and the overall market undertook better. The New Year’s Eve market will continue to unfold. As policy expectations gradually become clear in the future, the situation of market chaos and rotation is expected to be improved. However, in the short term, we still need to pay attention to the risk of shocks caused by domestic and foreign factors, as well as the unexpected impact of the overseas economic marginal slowdown and the new crown epidemic.

In terms of configuration, Guotai Junan recommends to continue to focus on auto parts, semiconductors and other areas with better performance in the third quarter. The certainty of the development of new energy next year is still strong. After the callback of lithium battery, photovoltaic, energy storage and other themes, it can still make bargaining arrangements. In addition, defensively, we can pay attention to the military industry and large consumption directions whose performance will usher in a turning point.

BOC Securities believes that the domestic liquidity environment remains reasonable and abundant, the downward pressure on domestic demand is increasing, and the hedging policy is waiting to be implemented. Entering December, the market enters next year’s configuration market, and the implementation of the policy will break the current situation of no main line in the market. From a current point of view, under stable credit expectations, the blue-chip sector may see phased market conditions. In terms of industry configuration, the trend of new energy remains unchanged, blue chips with low valuations rebounded in stages, and growth gradually entered the left-side allocation range. On the one hand, some low-value sectors where stock prices have been stagnating for a long time and fundamentals have bottomed out are expected to receive more capital attention; on the other hand, the new energy industry chain has profitability and can obtain a certain valuation premium. On the topic, we focus on the investment opportunities brought by the specialization, special innovation, and domestic substitution.

Dongguan Securities believes that we are generally positive and optimistic about the market in the first half of 2022. The economy is running low before it is stable, and policy support for the economy is expected to increase moderately in the first half of the year. Monetary policy exists in the stageThe beginning of the year does not rule out the possibility of a moderate RRR cut; while the high-quality development of the capital market will continue to deepen, the demand for wealth allocation will continue to increase, especially the increase in the amount of incremental funds entering the market is expected to increase compared with 2021, which will support the market. The market has maintained its resilience amidst this year’s turbulence and consolidation, and the vitality of the market has not diminished. With the continued healthy development of the capital market, the market has consolidated its foundation and consolidated its foundation. At the beginning of 2022, the marginal improvement in liquidity, fine-tuning of policies, and common prosperity will bring growth. Driven by factors such as the demand for allocation of funds, it is expected to change the sideways pattern, move forward steadily, and usher in a volatile upward trend.