A-share midday report | The index slightly rebounded in the morning, with the Shanghai Composite Index falling about 0.8%! Copper-related concepts are active against the trend.

On January 22, the three major A-share indexes collectively opened lower. As of 11:17, the Shanghai Composite Index fell by 0.86%, the Shenzhen Component Index fell by 0.85%, and the ChiNext Index fell by 0.7%. On the market, CPO and copper related stocks were active at the opening, with concepts such as electricity and controlled nuclear fusion leading the gains. On the downside, the Little Red Book concept continued to adjust, with industries such as real estate, film and television, and gaming leading the declines. In terms of main funds, funds favored industries such as consumer electronics and precious metals, while funds fled from industries such as passenger cars, semiconductors, and automobile components. Institutional Views Looking ahead, Industrial believes that one should put aside pessimism and prepare for a new upturn around the Chinese New Year. Huaan: The market is in a period of transition, focusing on high dividend stocks, consumption, and communication. Orient: Continue to focus on structural opportunities in technology before the Chinese New Year. Popular Sectors 1. CPO and copper-related concept stocks were active. 2. Little Red Book concept stocks continued to adjust. This article is reproduced from "Tencent Stock Selection." Editor: Liu Jiayin.