China News Client Beijing March 5 (Xie Yiguan) On March 5, A shares opened higher and higher, and the three major stock indexes rose nearly 2%. Most of the industry sectors became popular, and the turnover of the two cities exceeded one trillion.
As of the close, the Shanghai Composite Index closed at 3071.68 points, up 1.99%; the Shenzhen Component Index closed at 11,711.37 points, up 1.90%; the GEM Index closed at 2209.59 points, up 1.85%. Market sentiment continues to rise, with turnover in the two cities exceeding one trillion yuan throughout the day. The net inflow of funds from the Shanghai Stock Exchange to Shanghai Stock Exchange was 3.935 billion yuan, and the net inflow of Shenzhen Stock Connect was 2.213 billion yuan.
The closing performance of major A-share stock indexes.
On the disk, a total of 2965 shares in the two cities rose, 174 shares daily limit; another 645 shares fell, 1 share limit. Most of the industry sectors are popular, and the sectors such as agriculture, forestry, animal husbandry and fishery, wine making, household appliances, tourism, and diversified finance are among the top gainers.
In the concept section, the concept of pork rose the most, and individual stocks staged a tide of daily limit. Eleven related stocks such as Dakang Agriculture, Zhenghong Technology, and Zhengbang Technology closed the daily limit.
"On March 3, the Federal Reserve urgently announced a 50 basis point cut in the benchmark interest rate. On the same day, the RBA lowered its cash rate by 25 basis points to 0.5%, and Malaysia ’s overnight policy rate was cut by 25 basis points to 2.5%." Chuan Cai Securities stated, " Although the domestic monetary policy is relatively independent, the relatively loose peripheral liquidity provides further room for domestic monetary policy. "
Chuancai Securities believes that currently there are multiple tools such as MLF and LPR in the Chinese market to strengthen liquidity, and the recent performance of A shares is significantly better than overseas markets. BOC International said that poor fundamental expectations may increase the strength of policy hedging, increase in domestic market margins provided by overseas markets, increase the short-term market uncertainty due to overseas epidemics, and the strong continuation of A shares under the loose liquidity policy.
Zhongyuan Securities pointed out that after the large-scale shocks in the early period, the Shanghai Index basically achieved a relatively balanced situation around 3000 points. It is expected that the short-term Shanghai Index is likely to accumulate around 3000 points, and it is more likely that the GEM market will continue to fluctuate slightly in the short-term. (Finish)