On January 17, the market rose and fell throughout the day, with the three major indexes rising slightly. As of the close, the Shanghai Stock Exchange Index rose 0.18%, the Shenzhen Component Index rose 0.6%, and the ChiNext Index rose 0.78%.
In terms of sectors, semiconductors, PCB, phosphorus chemicals, and e-cigarettes were among the top gainers, while Xiaohongshu Concept, retail, cultural media, and duty-free sectors were among the top losers. The number of stocks rising and falling was basically the same.
The Shanghai and Shenzhen stock exchanges’ trading volume for the whole day was 1.14 trillion yuan, a decrease of 138.3 billion yuan from the previous trading day. As the three major indexes closed in the red today, the market, which has been undergoing continuous adjustments recently, finally closed positive in Week K. Taking Wonder Quan A as an example, the three negative daily K lines around the New Year’s Eve have now recovered the bottom one, and are expected to return to the previous box. The weekly increase was 3.61%, a significant rebound from last week.
Judging from today’s market, there are two obvious waves of rise. The first wave occurred from 10:00 to 10:04 in the morning. The market quickly turned red and then fell back. The second wave started at 11:25, and funds continued to exert force in the afternoon.
The three major indexes did not stop until 13:37, and then fell slightly.
What happened during the above period? The good news is here, A-shares are red. From the perspective of capital flow, the two waves of gains are mainly due to the strong long positions of institutions and main funds. The formation of this joint force is inseparable from the support of news. First, the National Bureau of Statistics released macroeconomic data for 2024. Preliminary calculations show that the GDP in 2024 will be approximately 134.91 trillion yuan, an increase of 5.0% over the previous year based on constant prices. Looking at quarters, GDP increased by 5.3% year-on-year in the first quarter, 4.7% in the second quarter, 4.6% in the third quarter, and 5.4% in the fourth quarter.
In 2024, my country’s GDP will exceed 130 trillion yuan for the first time, and its economic aggregate will firmly rank second in the world. my country’s economic strength and comprehensive national strength will reach a new level. Judging from the quarterly growth rate, the economy will show a V-shaped trend in 2024.
The downward pressure on the economy will increase in the second and third quarters. Under the influence of a package of incremental policies, the economy will rebound significantly in the fourth quarter. Fu Linghui, spokesperson of the National Bureau of Statistics, said that in January, the prices of vegetables, fresh fruits, air tickets, and tourism in my country all increased steadily. At the same time, improved business expectations also contributed to the steady recovery of CPI.
