On December 16, the three major indexes swung sideways after a collective high opening, with northward capital inflows exceeding 3 billion yuan. in terms of the plate, coal and environmental protection plates were pulled up and strengthened, meta-universe, media, and military stocks continued to be active, and liquor stocks fell rapidly. Overall, the hot spots in the market change frequently, the stock fund game leads to the persistent lack of hot spots, the plate is mainly short speculation, individual stocks rise and fall mixed, and the money-making effect is general.

From the disk point of view, coal, meta-universe, iron and steel plate led the rise, tourism, beverage manufacturing, automobile plate led the decline.

　　Hot spots:

　　1. Coal

The coal plate rose strongly in intraday trading on the 16th. As of press time, Yanzhou Mining Energy and Jingyuan Coal Power rose sharply, while China Coal Energy, Zhengzhou Coal Power, Mountain Coal International, Shaanxi Coal Industry and Huayang shares rose.

Guotai Junan believes that the coal plate into the value range, valuation improvement opened. 1) novel coronavirus variation affects the expectation of global commodity demand, but under my precise prevention and control, the impact of the new virus on the total domestic coal demand remains to be observed, and the current sector is still at the expected low point; 2) the price stabilizes after the fall, and the marginal policy crackdown slows down. And profits will be stable for a long time. 3) after the "coal shortage", the market generally recognizes that coal is still scarce before the completion of the transformation of energy structure. 4) the stocks of some quality companies have fallen back to the level at the end of June, and the annualized pe according to the first half of the year is only about 5 times, and the valuation is obviously on the low side.

　　2. Meta-universe

The concept of meta-universe remained hot and became active again on the 16th. As of press time, Xuanya International, Huali Chuangtong, Huichang Communications, Aoya Design, New National vein, Hubei Radio and Television, Sichuan University Zhisheng, Otto Electronics soared, Siqi, Zhonghaida followed.

On the news side, December 14 news, Beijing Electronic Engineering General Research Institute issued a "Virtual Twin-Metacosmos Collaborative Modeling and Simulation method Research" military demand announcement, the procurement stage is pre-research.

　　Message side:

1. The central bank carries out 10 billion yuan reverse repurchase operation in the open market.

2. The Ministry of Education and other nine departments: the gross enrollment rate of senior high school education across the country will reach more than 92% by 2025.

3. National Development and Reform Commission: in November, nuclear, wind and solar power generation increased by 4.1%, 27.7% and 22.7% respectively compared with the same period last year.

　　The prospect of the future market：

Guosheng Securities pointed out that capital sentiment remains high, the differentiation between ups and downs has converged, and the trading structure continues to be optimized. First, overseas panic has reined in, the VIX index has dropped significantly, at the same time, foreign investment and leverage sentiment have reached new highs of the year, and capital sentiment has maintained an all-time high; second, with the spread of the New year market, the recent market differentiation has converged, and the proportion of new high stocks and strong stocks has fallen. Third, the market trading structure continues to be optimized, the transaction differentiation is obviously repaired, the transaction concentration is also maintained near the historical center, and the transaction proportion of securities firms, spirits and banks has obviously rebounded. Looking back, the interpretation and spread of the New year market is expected to continue, but considering that the current market trading heat is obviously high, it is recommended to continue to pay attention to the marginal changes in capital sentiment.

Breitwin said that strategically, the Fed's interest rate meeting is just around the corner, and the tightening trend may have an impact in the short term. In the short term, in a non-fully loose environment, the probability of a sustained rise in the market is small, coupled with the previous high relative pressure, repeated index demand may increase. In the medium and long term, A shares have a policy underpinning and funds continue to boost, the overall trend for the better is obvious. In operation, keep 5-6 positions, flexible configuration, game structural market opportunities.