Sino-Singapore Jingwei Client, March 12th. Thursday (12th), affected by the overnight U.S. stock market crash, both Shanghai and Shenzhen markets opened sharply lower, and then maintained a weak and volatile trend. The market sentiment was sluggish across the board. The oil, agricultural and non-ferrous metal sectors led the decline. The Shanghai Index tested the 2900 mark, and the GEM Index fell nearly 3%.

As of the close of trading, the Shanghai Composite Index was reported at 2,293.49 points, a decrease of 1.52%, and the transaction volume was 328.209 billion yuan. The Shenzhen Component Index was reported at 10941.01 points, a decrease of 2.31%, and the transaction volume was 509.407 billion yuan. The GEM Index was 2045.93 points, a decrease of 2.64%.

Wind screenshot

In terms of sectors, the agriculture, forestry, animal husbandry and fishery, petroleum, mineral products, and household goods sectors had the highest declines; the semiconductor, water, banking, and communications equipment sectors had the highest gains.

Industry sector drop list

In terms of concept plates, the seed industry, pork, eco-agriculture, and carbon fiber concepts saw the largest declines; aquatic products, special steel, the integration of the three networks, and the medical waste treatment sector saw the largest gains.

As for individual stocks, 565 stocks rose, of which 117 stocks including Zhuoyi Technology, ST Yedao, and Xingxing rose more than 5%. 3,185 stocks fell, of which 150 stocks including Yingqu Technology, Shenyang Chemical, and Uni-Phase Pharmaceuticals fell more than 5%.

On the policy side, at the State Council executive meeting on March 10, it was required to step up the introduction of inclusive financial targeted reduction measures, and to increase the reduction of joint-stock banks, to promote commercial banks to increase Household loans to help resume work and production, and promote reduction of financing costs.

Institutional analysis, the State Council will mention that the introduction of inclusive financial targeted reduction measures will be stepped up, the looseness of market liquidity can continue, and A shares are value depressions in the world, so the long-term investment value of the market has not weakened, benefiting from industrial policy. The new infrastructure industry and the consumer industry with economic transformation and upgrading still deserve our long-term attention. However, it cannot be ignored that the development of short-term foreign epidemics continues, and the turbulence of the external market will inevitably cause fluctuations in A shares, and position management is particularly important.

Huaxin Securities pointed out that due to the high degree of uncertainty in the external market, there may be a one-day panic, but it is not sustainable. Instead, it is an opportunity to make a layout. In terms of configuration, we believe that although the pharmaceutical sector will directly benefit from the epidemic in the short term, the 5G industry chain, new energy automobile industry chain, media, and computer sectors that have a relatively high initial prosperity and are relatively limited by the epidemic are still expected to become the future market. The main driver of the rise.

Guoxin Securities believes that subsequent steady growth will rely more on infrastructure investment, especially "new infrastructure". In the context of economic transformation and upgrading, the "new kinetic energy" role of the manufacturing industry is prominent, and the "new infrastructure" can provide a good growth environment for the development of "new kinetic energy". Looking ahead, we believe that the development of "new infrastructure" is mainly concerned with 5G, artificial intelligence (big data centers), new energy vehicles (electrochemical storage), public health systems (medical equipment), intercity high-speed railways and urban rail transit, and Equip six areas of new infrastructure. (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.)