In the first trading day of A-shares after the Spring Festival in the past decade, the three major indexes saw 6 rises and 4 falls.

Reviewing the performance of the A-share market on the first trading day after the Spring Festival in the past decade, it was found that the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all had 6 increases and 4 decreases, with collective drops on February 3, 2017 and February 3, 2020. The WIND data shows that from 2016 to 2025, on the first trading day after the Spring Festival, the Shanghai Composite Index had 6 increases and 4 decreases, with increases on February 22, 2018, February 11, 2019, February 18, 2021, February 7, 2022, January 30, 2023, and February 19, 2024. Among the 4 declines of the Shanghai Composite Index, the largest drop was on February 3, 2020, at 7.72%; the drops on February 15, 2016, February 3, 2017, and February 5, 2025 were around 0.6%. Open Source Securities' review of the market pattern after the Spring Festival found that the probability of the market rising gradually increased within 5, 10, and 20 trading days after the holiday, with the market warming up gradually. In terms of style, there is a "small and medium-sized companies outperforming large companies, with growth leading" trend, as the market pursues excess returns, with the ChiNext Index having relatively higher increases and probability of rising; in terms of sectors, the technology and cyclical sectors are relatively advantageous.