2 1 Shi Ji Jing Ji Bao Dao·2026-02-02 08:59Market Overview - In February's first trading day, the market experienced fluctuations with all three major indices dropping over 2%, with the Shanghai Composite Index down 2.48%, the Shenzhen Component Index down 2.69%, and the ChiNext Index down 2.46% [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.58 trillion, a decrease of 250.8 billion compared to the previous trading day [1] - Over 4,600 stocks fell, with 123 hitting the daily limit down [1] January Market Recap - The A-share market saw a rise followed by fluctuations, with the Shanghai Composite Index reaching a ten-year high in mid-January before slightly retreating, ultimately closing above 4,100 points [3] - In January, the Shanghai Composite Index rose by 3.76%, the Shenzhen Component Index by 4.17%, and the ChiNext Index by 4.47% [3] - Among 26 primary industries, 18 experienced gains, with the top three sectors being non-ferrous metals (22.59%), media (17.94%), and oil and petrochemicals (16.31%) [3] Short-term Market Outlook - Many institutions believe the market is in an upward trend in the medium to long term but may experience short-term fluctuations [4] - Guolian Minsheng Securities noted that the market is currently undergoing a narrow range of fluctuations, with pressure from ETF outflows affecting broad indices [4] - The market is expected to continue to provide investment opportunities under various themes and narratives, despite the need for adjustments [4] Sector Analysis - Zhejiang Securities indicated that the technology growth sector is entering a phase of high-level fluctuations after a strong three-week performance [5] - Zhongyin Securities highlighted that the nomination of Kevin Warsh as the next Federal Reserve Chairman may tighten global liquidity expectations, leading to asset price reassessments [5] - Institutions suggest focusing on sectors related to technology, such as robotics, gaming, AI applications, and core AI hardware, as well as "anti-involution" sectors like chemicals and photovoltaics [5] Recommended Stocks for February - Among the stocks recommended by over 30 brokerages for February, Foster, China Ping An, Zijin Mining, and Zhongji Xuchuang received four recommendations each [7] - The recommended stocks include: - Foster (603806.SH) in the power equipment sector - China Ping An (601318.SH) in non-bank financials - Zijin Mining (601899.SH) in non-ferrous metals - Zhongji Xuchuang (300308.SZ) in communications [8] Detailed Stock Insights - Foster is noted for its comprehensive layout in solar wing packaging and strong cost control capabilities, with expectations for steady profitability [9] - China Ping An is expected to benefit from stable long-term interest rates and a favorable sales environment for its insurance products, leading to growth in new business value (NBV) [10] - Zhongji Xuchuang is recognized for its leading position in global optical modules and strong R&D capabilities, with significant growth potential in high-end optical modules [13]