China and Singapore Jingwei Client on March 26th. On Thursday (26th), the A shares opened slightly lower and fluctuated upward. The three major stock indexes all fluctuated around the flat line. As of the close, all three major stock indexes closed down slightly. The agriculture, forestry, animal husbandry and fishery sector led the gains, and seed stocks, artificial meat, and aquatic product concept stocks were active.

Time-share chart of the Shanghai Index. Source: Wind

As of the close of midday, the Shanghai Index fell 0.18% to 2,776.64 points, and the turnover was 149 billion yuan; the Shenzhen Component Index fell 0.29% to 10,211.71 points, and the turnover was 240.9 billion yuan; the GEM Index fell 0.22% to 1,933.58 points, and the turnover was 77.982 billion yuan.

On the disk, the agriculture, forestry, animal husbandry and fishery sector led the gains, the stocks of Jinjian Rice, Baiyang, Tiankang Bio and other stocks rose, and Zhongxing Fungus, Yasheng Group, Honghui Fruits and Vegetables and other stocks rose. Healthcare, food and beverage, brewing, and banking sectors were among the top gainers. Telecom operation, hotel catering and oil sectors performed poorly.

As for concept stocks, seed stocks, artificial meats, aquatic products, genetic concepts, pork, pest control and other concept stocks were active, and smart power grid, UHV, smart TV, 5G concept, charging pile and other concept sectors fell significantly.

As for individual stocks, 1,035 stocks rose, of which 81 stocks, such as Tianwei Food, ST Yaxing, and Sunward Pharmaceutical, rose more than 5%. 2652 stocks fell, of which 65 stocks including Daily Interactive, Gansu Power Investment, and Electroacoustic Co., Ltd. fell more than 5%.

In terms of turnover rate, a total of 7 stocks have a turnover rate of more than 20%, of which Aili Household has the highest turnover rate, reaching 42.72%.

Data from the China Foreign Exchange Trading Center showed that the central parity of the yuan against the US dollar rose by 50 basis points to 7.0692.

The Shanghai Interbank Offered Rate (SHIBOR) was reported at 0.8450% overnight, down 0.2 basis points; the 7-day SHIBOR was reported at 1.720%, down 2.5 basis points; the 3-month SHIBOR was reported at 1.9770%, down 3.3 basis points.

As of the previous trading day, the Shanghai Stock Exchange's financing balance was reported at 569.239 billion yuan, an increase of 12.93 billion yuan over the previous trading day, and the margin trading margin was reported at 12.00 billion yuan, an increase of 1.014 billion yuan over the previous trading day. The Shenzhen Stock Exchange financing balance was reported at 494.446 billion yuan , An increase of 53.874 billion yuan over the previous trading day, and the balance of margin trading was reported at 5.084 billion yuan, an increase of 2.257 billion yuan over the previous trading day. The balance of margin financing and securities lending of the two cities totaled 1080.77 billion yuan, an increase of 70.075 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 outflow of northbound funds was 1.469 billion yuan, of which the net outflow of Shanghai Stock Connect was 634 million yuan, the balance of funds on the day was 52.634 billion yuan, and the net outflow of Shenzhen Stock Connect was 835 million yuan. The balance was 52.835 billion yuan. The net inflow of southbound funds was 1.366 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect was 620 million yuan. The balance of funds on the day was 41.38 billion yuan. The net inflow of Shenzhen-Hong Kong Stock Connect was 746 million yuan. The balance of funds on the day was 41.254 billion yuan.

Western Securities analysis said that in the market performance, the previous decline of nearly 40% of US stocks has reflected the market's pessimistic expectations of the epidemic and the economy. In terms of epidemic control, as the control measures of various countries begin to be gradually put in place, the probability of an inflection point in the epidemic is rapidly increasing. In response to government policies, the United States has launched a strong economic stimulus plan, and China will increase support for emerging and consumer industries. Although the economy is still facing downward pressure in the future, this pressure has been expected by the market. With the dual control of the epidemic and economic stimulus policies, market sentiment will now improve.

On the previous trading day, A shares closed sharply higher, and Founder Securities pointed out that there are three main reasons: First, liquidity concerns have eased. The Federal Reserve launched an unlimited cap on quantitative easing on Monday. The US dollar index fell significantly and gold and oil prices rebounded. Secondly, domestic and foreign policies have been significantly strengthened. G20 will hold a video summit to coordinate the response to the new crown pneumonia. Developed countries such as Germany and Japan have introduced stimulus policies. Domestic industrial policies focus on supporting the automotive and new infrastructure sectors; Although the overseas epidemic is still accelerating, the new cases in Italy and Iran are basically stable. The US, European, and Japanese stock markets have risen sharply. The sharp decline since the spread of the new crown epidemic came to an end.

Founder Securities believes that the core of the current market lies in the interpretation of domestic policies. As the focus of the policy is to restore production, the trend of domestic economic recovery will become clearer. There can be three main lines of attention in the configuration. First, the new infrastructure and old Infrastructure, the second is the optional consumption of cars, home appliances, etc., and the third is the beneficiary industries of monetary easing, such as brokers, banks and so on. (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.)