Zhongxin Jingwei Client, March 2nd. On the first trading day of March, the three major A-share indexes rebounded across the board. The Shanghai stock index opened higher and rose 3%. The daily limit of 205 stocks in the two cities improved. The market atmosphere has improved. The turnover exceeded 9 trillion yuan for 9 consecutive days.
Source: Wind
As of the close of trading, the Shanghai Composite Index was reported at 2970.93 points, an increase of 3.15%, and the transaction volume was 397.244 billion yuan. The Shenzhen Component Index was reported at 11,381.76 points, an increase of 3.65%, and the transaction volume was 632.86 billion yuan. The GEM Index was reported at 2,134.42 points, an increase of 3.08%.
On the disk, major sections rose across the board, and construction, building materials, telecommunications operations, transportation equipment, and communications equipment led the industry sector. In the concept sector, the growth of the concept of housing, medical waste treatment, titanium metal, decorative gardens, and 5G was ahead.
The construction sector surged more than 7%, and stocks staged a daily limit. 31 stocks such as Longjian, Tengda Construction, Kelida, Anhui Construction Engineering, and other stocks rose daily limits. Southeast grid and Chinalco International followed suit.
Affordable housing rose 6.19% to lead the concept segment, with 11 stocks including Qingsong Jianhua, Jinhua Group, and Black Peony rising daily limit, and Evergreen and China Construction rose over 8%.
Overall, a total of 3647 stocks rose in the two cities, of which 205 stocks daily limit. Hengdian Dongci, Zongheng Communication, Longman Baili and other 149 stocks rose more than 5%. 129 stocks fell, of which 5 stocks, such as Jingwei shares, Boteng shares, Sanwu Internet, fell more than 5%.
In terms of turnover rate, a total of 36 stocks had a turnover rate of more than 20%, of which Yanjiang had the highest turnover rate of 54.89%.
China Merchants Securities research report analysis, entering March, A shares will remain volatile, fluctuations will slow down, and the structural level will become relatively balanced. The domestic epidemic has been effectively controlled, fiscal policy is expected to be more active, monetary policy is expected to be more flexible and appropriate, and enterprises are accelerating their resumption of work. Therefore, domestic factors are positive.
China Merchants Securities said that the current epidemic is spreading globally, causing a certain degree of panic in the capital market in the short term. However, governments of various countries have begun to face the spread of the epidemic, and are adopting a series of countermeasures. Panic is gradually being released. In the future, they will return to the epidemic response and policies. The overseas market will turn from a rapid decline to a wide shock. Therefore, the impact of external risks on A-shares has gradually eased.
CITIC Securities believes that the US stock market quake will not further induce global systemic risks. In addition, the domestic economy has entered a period of rapid recovery, the policy layer has increased, and resumed production and production have begun to climb faster. It is expected that April will be close to normal levels. For investors, the A-share market will enter a peaceful period, and there will not be a rapid "V-shaped" reversal after the Spring Festival, which is a good opportunity to gradually configure A-shares. (Zhongxin Jingwei APP)
(The opinions in this article are for reference only and do not constitute investment advice. Investment is risky and you must be cautious when entering the market.)