Core Viewpoint - The A-share market showed strong performance in the Year of the Snake, with the Shanghai Composite Index rising over 25% throughout the year, and the Sci-Tech Innovation Board Index increasing by more than 60% [4]. Market Performance - On the last trading day before the Spring Festival, major indices experienced a slight decline despite the central bank injecting 1 trillion yuan in liquidity through reverse repos [1][3]. - The Shanghai Composite Index closed at 4082.07, down by 1.26%, while the Shenzhen Component Index and the ChiNext Index also saw declines of 1.28% and 1.57%, respectively [4]. - The overall trading volume in the Shanghai, Shenzhen, and Beijing markets decreased to around 2 trillion yuan, reflecting typical pre-holiday trading behavior [3]. Investor Sentiment - Despite the slight downturn on the last trading day, investors remain optimistic about the market's future, particularly regarding technology stocks [3][4]. - Historical data indicates that A-shares have a 65% probability of opening higher after long holidays over the past decade, suggesting a positive outlook for the market post-holiday [6].
A股蛇年收官 沪指累计上涨超25%
Sou Hu Cai Jing·2026-02-14 02:24