Zhongxin Jingwei Client, March 20th, in the early hours of Friday, the three major A-share indexes opened higher, the GEM index performed weakly, and fell back to green during the session. Although various sectors such as Hainan, UHV, and infrastructure have changed in turn, all of them lack continuity, and the theme rotates faster.

Source: Wind

As of 11:30, the Shanghai Composite Index reported 2714.77 points, an increase of 0.47%, and the transaction volume was 162.889 billion yuan; the Shenzhen Component Index reported 10031.36 points, an increase of 0.11%, and the transaction volume was 268,044 million yuan;

The industry sector rose more and less, with transportation services, healthcare, brewing, telecommunications operations, and oil gaining the largest gains; semiconductors, securities, IT equipment, software services, and components falling the most.

Transportation services rose 1.28%, of which Spring Airlines fell more than 9% and Straits shares surged 8.10%. The oil sector was also active. CNOOC Ltd. rose nearly 6%, and Gaoke Petrochemical and Sinopec followed suit.

Most of the concept plates are also popular. Hainan free trade, vitamins, UHV, and seed industries have seen the largest gains; gallium nitride, chips, smart TVs, and information security have fallen sharply.

Hainan Free Trade rose 2.48% to lead the concept sector. Shennong Technology and Straits rose over 8%, Junda rose over 7%, and Hainan Ruize, Hyde and HNA Innovation rose over 5%.

In total, 1,822 stocks in the two cities rose, of which 137 stocks, such as Jiangshan Oupai, Pioneer Electronics, and Guangzheng Group, rose more than 5%. 1704 stocks fell, of which 41 stocks, such as BOC Securities, Zhichun Technology, and Yitian Co., fell more than 5%. In terms of turnover rate, a total of 17 stocks have a turnover rate of more than 20%, of which Xuelong Group has the highest turnover rate of 37.46%.

Shanxi Securities Research reported that global liquidity tensions have not eased, and A-shares have also come under pressure. Compared with other global capital markets, A shares have comparative advantages in both fundamentals and valuation, and they are still optimistic about the long-term performance of A shares. The stabilization of the price of gold can serve as an important reference for easing global liquidity. Investors are advised to avoid risks in the short term, reduce their positions appropriately, and intervene after the risks are fully released.

Wei Fengchun, chief macro strategy analyst of Boshi Fund, believes that the performance of A-share fundamentals comes from China's very decisive handling of the epidemic, and the effect is very obvious. Compared with 2008, the expansion of China's domestic demand market is a cornerstone of the economy. With these two points, coupled with the macroeconomic background of China's counter-cyclical adjustments, the market is based on the recognition of fundamentals. Although the Chinese stock market has adjusted, the magnitude is not large. At present, the fluctuation of A-share trading sentiment is not as large as that of US stocks, which also makes A-shares have strong resilience. (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.)