Sino-Singapore Jingwei Client on March 4th. On Wednesday, the Shanghai and Shenzhen stock markets bottomed out in the afternoon, and the stocks generally showed a general increase pattern. The two cities had daily limit of more than 100 stocks, and large infrastructure and net red sectors were sought after. The net inflow of the Shanghai Stock Connect was 2.4 billion yuan, and the net outflow of the Shenzhen Stock Connect was 900 million yuan.
Source: Wind
As of the close, the Shanghai Composite Index was at 3011.67 points, an increase of 0.63%, and the turnover was 389.894 billion yuan; the Shenzhen Component Index was at 11,493.02 points, an increase of 0.08%, and the turnover was 60.217 billion yuan; the GEM Index was at 2169.44 points, a decrease of 0.18%.
Most of the industry sectors were popular, with real estate, securities, household goods, construction, and water services rising the most; semiconductors, medical care, components, and medicines fell.
Real estate rose 3.90% led the industry sector. Among the individual stocks, the daily limit of 11 stocks including Guangyu Group, Taihe Group, and Lushang Development Co., Ltd., Guangming Real Estate, Rongan Real Estate, and China Xiafu all followed suit.
The concept segment also saw more gains and fewer losses. Disperse dyes, internet celebrity economy, installation gardens, social housing, and vitamins had the highest gains; fluorine concepts, lithography machines, remote offices, and consumer electronics had the highest gains.
The concept of the Internet Red Economy rose by 3.68%, and individual stocks rose on a daily basis. Fourteen stocks, including Black Sesame, New Culture, and Sou Te, rose by more than 7%, including Yuanlong Yatu and Antarctic E-commerce.
Overall, 2498 stocks in the two cities rose, of which 150 stocks such as Tianneng Heavy Industry, Xinlun Technology, Baoding Technology rose more than 5%. 1181 stocks fell, of which 54 stocks, such as Jiejie Microelectronics, Sino-Singapore, and Anli Education, fell more than 5%.
In terms of turnover rate, a total of 45 stocks have a turnover rate of more than 20%, of which Rockchip Micro has the highest turnover rate of 69.96%.
The overseas market fluctuated violently, but A-shares have repeatedly emerged from the independent market. Guosheng Securities said that after the Fed unexpectedly cut interest rates by 50 basis points due to the risk of the epidemic, the market once rose, but has fallen sharply since. In the short term, the main contradiction of A shares is still focused on the effectiveness of epidemic prevention and control and the continuous increase of counter-cyclical adjustments, and it is expected to become a global capital safe haven.
Bank of China International believes that the liquidity environment will remain relatively accommodative, with domestic margins increasing in the market and overseas epidemics increasing short-term market uncertainty. Under the policy of liquidity easing, A shares will continue to strengthen. With the gradual implementation of stimulus policies, domestic demand is expected to gradually bottom out and pick up. In addition, under the impact of overseas epidemics, monetary policy is expected to be loose margins to hedge against fundamental shocks, A-share liquidity risks can be controlled, domestic stable investment policies are gradually implemented, and risk appetite fluctuates upward. (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.)