The three major A-share indexes are mixed： the Shanghai Composite Index fell by 0.64% and the Shanghai Composite Index rose by 1%.

The Shanghai Composite Index rose and fell, and the two cities rose and fell.

The three major stock indexes of A shares opened lower collectively on February 1. In early trading, the two cities stepped out of the deep "V" rebound trend, and the Shanghai Composite Index once regained the 2800 mark. In the afternoon, it showed a weak downward trend, and the Shanghai Composite Index turned down again.

From the disk, the concepts of CPO, computing power and BC battery remained strong all day, while the concepts of CRO, diet pills and GPU performed well. The Chinese prefix was generally adjusted back, and the sub-new and ST sectors continued to fall sharply, and many stocks with thunderous performance continued to fall.

By the close of February 1, the Shanghai Composite Index fell 0.64% to 2,770.74 points; The Science and Technology Innovation 50 Index rose 0.75% to 690.01 points; The Shenzhen Component Index rose 0.34% to 8240.48 points; Growth enterprise market index rose 1% to 1589.04 points.

Wind statistics show that 1,101 companies in the two cities and the North Stock Exchange rose, 4,159 fell and 80 were flat.

On February 1, the turnover of the two cities was 703.1 billion yuan, a decrease of 55.1 billion yuan compared with 758.2 billion yuan in the previous trading day. Among them, the Shanghai stock exchange traded 337.6 billion yuan, 18 billion yuan less than the previous trading day’s 355.6 billion yuan, and the Shenzhen stock exchange traded 365.5 billion yuan.

According to Great Wisdom VIP, 38 stocks in the two cities and the North Stock Exchange rose by more than 9%, and 92 stocks fell by more than 9%.

Wind data shows that northbound funds bought a net of 2.726 billion yuan all day, adding positions for three consecutive days. Among them, Shanghai Stock Connect bought 1.126 billion yuan and Shenzhen Stock Connect bought 1.6 billion yuan.

TMT rebounded across the board, with real estate falling at the top.

In terms of sectors, TMT rebounded across the board, with the communications, electronics and computer sectors leading the two cities together. Tianfu Communication (300394), Cambridge Science and Technology (603083), Mingpu Optics and Magnetics (002902) and Jinfu Technology (300128) had daily limit or rose by more than 10%.

Semiconductor surged back, with Han’s CNC (301200) rising by over 10%, Yuanjie Technology (688498), Zhongke Lanxun (688332) and Yangjie Technology (300373) rising by over 4%.

Food and beverage were among the top gainers, with the daily limit of Weilong (603779), Happy Family (300997), Jinzai Food (003000), Huatong (002840) and Jinshiyuan (603369) rising by more than 2%.

The decline in architectural decoration was the highest, with China Haicheng (002116), Jianyi Group (002789), Zhonggong Hi-Tech (603860) and Huajian Group (600629) falling.

Real estate fell in the top, with Shahe shares (000014) falling below the limit, while Chinese enterprises (600675), Guochuang Gaoxin (002377), Jingneng Real Estate (600791) and Zhongzhou Holdings (000042) fell over 6%.

Environmental protection stocks did not perform well, with China Construction Huaneng (300425), Jiuwu Hi-Tech (300631) and Huakong Seg (000068) falling by more than 10%, while CLP Environmental Protection (300172), Zhongke Environmental Protection (301175) and China Holding (603903) fell by more than 6%.

The index is expected to fluctuate and bottom out.

Guotai Junan said that the index is expected to bottom out. After continuous adjustment, although the market sentiment is relatively depressed now, from the current point of view, positive factors are accumulating. The Standing Committee of the National People’s Congress released a strong signal to stabilize the market and confidence. The CSRC proposed to "build an investor-oriented capital market" and further optimize the securities lending mechanism, which is conducive to rebuilding market confidence and promoting the stable and healthy development of the capital market. At the same time, the characteristics of the market are approaching the level of the historical bottom in the past decade, and the market is generally in the bottom area. The A-share market is expected to enter the stage of shock bottoming in the next stage.

It is suggested to pay attention to the high dividend sector and flexibly choose growth stocks to make oversold rebound. At present, the overall risk appetite of the market is still low, and the sectors with low valuation, low debt and stable cash flow may receive more attention from the market. It is suggested to pay attention to operators, expressways, state-owned banks, resources (petrochemical/coal) and electric power. In addition, the logic of "market value management" of central enterprises is expected to spread to central enterprises’ science and technology. Since the beginning of the year, the stock prices of some large-cap growth stocks have shown the characteristics of "resilience", so we can pay due attention to the rebound of new energy, electronics and automobiles.

Guosheng Securities said that with the arrival of February, the funds will turn from tight to loose, at the same time, the bearish sentiment will be accelerated, and the index will deviate from the moving average excessively. The positive factors are accumulating, and the conversion of long and short games will be reversed at any time. Therefore, looking forward to the market outlook and looking at the current market decline rationally, the adjustment of the market is unsustainable, and the "spring restlessness" may be realized in February.

Everbright Securities pointed out that after the previous adjustment, the current A-share market has a high cost performance. Superimposed recent policies continue to exert strength, and the spring market of this year is expected to come gradually.