CSI 300 Increased by 0.54%
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Due to the Spring Festival holiday, the MarketOutlook Commentary will be suspended for one week.
The Spring Festival is a traditional Chinese festival that signifies a new beginning and hope. We take this opportunity to wish you a happy New Year, hoping that everything goes smoothly in the new year, and wishing you peace, joy, and financial prosperity! We also extend our best wishes for the health and happiness of your family!
This week, the A-share market attempted to rebound, and it’s necessary to closely monitor any reversal signals. The SSE Index(000001) closed at 3252.63 points, with a weekly increase of 0.33%. Trading volume decreased compared to last week, dropping about 24.86% relative to the 50-day moving average. The Shenzhen Index(399001) and ChiNext(399006) increased by 1.29% and 2.64%, respectively, indicating enhanced activity in small and medium-sized cap stocks. The CSI 300(000300) also recorded a weekly gain of 0.54%, suggesting that large-cap blue-chip stocks have maintained a certain level of stability and resilience. Although the main A-share indices did not reach new annual highs or lows, their positions relative to the year’s high and low points show that the market remains relatively healthy.
In international markets, the S & P 500 Index(0S&P5) and Nasdaq Composite(0NDQC) performed strongly, rising 2.04% and 2.16% respectively up until now, with the S & P 500 Index even reaching a new high for the year. In contrast, the Hang Seng Index(HSI) saw a weekly increase of 2.46%, showcasing the vigor of the Hong Kong stock market.
In macroeconomic terms, U.S. crude oil inventory data showed some supply tightness, with EIA crude oil inventories decreasing by 1.017 million barrels, lower than the expected 1.645 million barrels, which may impact energy stocks. Meanwhile, initial jobless claims in the U.S. rose to 223,000, slightly higher than the expected 220,000, potentially providing investors with a warning signal for short-term volatility in the U.S. stock market. Recently, China’s CSRC released the “Implementation Plan for Promoting Medium- to Long-Term Capital Market Entry,” which could positively influence market confidence, and investors should pay attention to the potential impetus this policy may provide to market liquidity.
Regarding industries, the top two performing sectors this week were Computer Sftwr-Enterprse(G3583IG.CN), and Telecom-Fiber Optics(G3552IG.CN). Among them, the computer software sector achieved a weekly increase of 10.08%, showing particularly strong performance. The telecom fiber optics also saw increases of 9.79% respectively. The strong performance of these sectors provides investors with a clearer direction for industry selection.
Among the Top 33 list this week, the average change was 2.51%, with 18 stocks rising and 15 falling. From an individual stock perspective, Beijing Tricolor Tech(603516) stood out as the best performer this week, with a rise of 17.64%. The company focuses on audio-video display control system equipment and solutions. Despite its O’Neil Score being 78, it boasts a Relative Strength Rating as high as 98, demonstrating robust market performance. Moreover, its EPS Rating is 65, indicating steady profit growth. While there is no clear signal from its Acc/Dis Rating, the industry ranking it belongs to is relatively advanced (Industry Rating 28), and it is likely to continue attracting market favor.
Overall, although there are signs of a market rebound, it’s crucial to closely watch for upcoming reversal signals. Investors should focus on industry rotation and individual stock performance, especially companies with technological advantages and stable profitability.
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Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.
published on January 24, 2025