In the first week of the year, both A-shares and Hong Kong stocks had a good start, but the pace of the trend in the two places was not the same. The A-share Shanghai Composite Index closed slightly higher for 5 consecutive days, with GEM holding back and then rising, while Hong Kong stocks rose first and then fell.
Looking back at the trend since the rebound at the end of October '22, it is clear that although the three indices bottomed out at the same time, the pace of increase was not exactly the same. What is the strongest trend $Hang Seng Index (800000.HK)$, a sharp upward rebound of 50%, then $SSE Composite Index (000001.SH)$, the maximum rebound was more than 300 points, more than 10%, the weakest $Chinext Price Index (399006.SZ)$After the first wave of overfall and rebound, there were repeated shocks, and it did not break through the box.
For 2023, all institutions' expectations point to economic recovery and a reversal in the stock market. The general direction is correct, but the hardest part is grasping the rhythm and style. In the current A-share market, with more than 5,000 listed companies, it is difficult to break out of the general upward trend of the bull market in the past. It is more of a structured market. Therefore, there will also be a rotation in style. In the valuation repair market in the first quarter, the one that has the upper hand will be the value style. This can be seen from the trend of the Shanghai Stock Exchange 50 and the Shanghai and Shenzhen 300, comparing the strength of the China Stock Exchange 500 and the China Stock Exchange 1000.
The rotation of the sector is also very important. Consumption, the digital economy, and real estate are just a few of the revolutions this year...