Sino-Singapore Jingwei Client March 25th (Wednesday), the two cities collectively closed up. The three major stock indexes opened higher and consolidated. They rose again in the afternoon and the Shanghai index rose over 2%. From the perspective of the disk, the industry sector has become popular across the board, with health care, real estate, and automotive gaining the highest positions.
The U.S. stocks rebounded retaliated overnight. The three major stock indexes continued to rise after opening higher. The Dow rose over 11% to 20,000 points, the largest single-day increase since 1933. Asia-Pacific stock markets have also been boosted by the boost. The South Korea Composite Index rose 5.89% to 1704.76 points, recovering all lost ground since March 18. The Nikkei 225 Index closed up 8.04% to 19546.63 points, the largest increase since November 2008. The Australian ASX200 Index closed up 5.54%. At 4998.1 points.
As of the close of trading, the Shanghai Composite Index was reported at 278.59 points, an increase of 2.17%, and the transaction volume was 293.191 billion yuan. The Shenzhen Component Index was reported at 10241.08 points, an increase of 3.22%, and the transaction volume was 458.152 billion yuan. The GEM Index was 1937.85 points, an increase of 3.25%.
As for individual stocks, 3,470 stocks rose, of which 150 stocks such as Cibin Group, Shennan Circuit, Tiansheng New Materials rose more than 5%. 273 stocks fell, among which 12 stocks, including Huangshan Capsule, Wanma Technology, and Dinglong Co., fell more than 5%.
In terms of turnover rate, a total of 40 stocks have a turnover rate of more than 20%, of which Wanma Technology has the highest turnover rate of 73.86%.
As of the previous trading day, the financing balance of the Shanghai Stock Exchange was reported at 568.532 billion yuan, an increase of 12.223 billion yuan over the previous trading day. The balance of margin trading was reported at 11.321 billion yuan, an increase of 334 million yuan over the previous trading day. The financing balance of the Shenzhen Stock Exchange was reported at 493.768 billion yuan. Compared with the previous trading day, it increased by 53.196 billion yuan, and the balance of margin trading was reported at 4.60 billion yuan, an increase of 1.772 billion yuan from the previous trading day. The balance of margin financing and securities lending of the two cities totaled 10.78221 billion yuan, an increase of 67.525 billion yuan over the previous trading day.
Looking at the north-south capital flow of the Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound funds was 3.677 billion yuan, of which the net inflow of Shanghai Stock Connect was 1.798 billion yuan, the balance of funds on the day was 50.202 billion yuan, and the net inflow of Shenzhen Stock Connect was 1.879 billion yuan. The balance was 50.121 billion yuan. The net inflow of southbound funds was 5.199 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect was 3.775 billion yuan. The balance of funds on the day was 38.225 billion yuan. The net inflow of Shenzhen-Hong Kong Stock Connect was 1.424 billion yuan. The balance of funds on the day was 40.576 billion yuan.
Industry sector gains
On the disk, the industry sector has become popular across the board, with health care, agriculture, forestry, animal husbandry and fisheries, automotive, real estate, textile and apparel, insurance, household goods and other sectors leading the way.
Conceptual gains
The concept sector was generally up, with aquatic products, seed industry, artificial meat, wireless headsets, luxury goods, mask protection, Apple concept, consumer electronics and other sectors leading the way; only the data center sector fell.
Looking into the market outlook, Shanxi Securities believes that after the global liquidity tensions have eased, the pressure on A-share capital to flow north has been significantly reduced, and the market is expected to continue to rebound in the short term. However, in the medium and long term, if the U.S. epidemic is not under control, it may cause a new round of liquidity crisis, and A shares will still pull back.
The Huaxin Securities Strategy Report pointed out that the current A-share point area no longer has the basis for a continuous sharp plunge, and the probability is at the end of a periodical adjustment. Therefore, each panic disk is also an opportunity for low smoking. Overnight U.S. stocks also experienced a “revenge” rebound after extreme panic, which is expected to greatly boost the long sentiment of A-share investors. In addition, from the perspective of capital inflows, A-shares already have good configuration value. In the short term, A-shares A high probability can maintain a strong rebound pattern. (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.)