Chinanews client Beijing April 2 (Xie Yiguan) On April 2, after the A shares opened slightly lower, they all turned red in the early morning. The three major stock indexes rose strongly in the afternoon and the GEM index returned to 1900 points. Institutions believe that under the fundamental recovery expectations, A shares are expected to usher in a bottom and stabilize.
Shanghai stock index chart on the 2nd.
The GEM Index returned to 1900 points, and more than 3,000 stocks in the two cities rose.
As of the close, the Shanghai Index rose 1.69% to 2786.64 points; the Shenzhen Component Index rose 2.28% to 10179.20 points, returning to more than 10,000 points; the GEM Index rose 2.80% to 1919.95 points, returning to 1900 points. The turnover of the two cities reached 597.7 billion yuan throughout the day, a slight increase compared to the previous trading day.
The net inflow of northbound funds was 4.332 billion yuan, of which the net inflow of Shanghai Stock Connect was 2.16 billion yuan and the net inflow of Shenzhen Stock Connect was 2.172 billion yuan.
On the disk, 3,232 shares in the Shanghai and Shenzhen markets rose, and the limit of 100 shares rose; another 417 shares fell, and 9 shares fell. Only the agriculture, forestry, animal husbandry and fishery industry sectors closed down, and the semiconductor, component, communications equipment, IT equipment, software services, and oil sectors saw gains.
The 5G concept lifted the daily limit, and 15 related stocks such as Dongfang Electric, Zhongtong Guomai, and Ziguang Guowei closed daily limits. The previously strong agricultural stocks performed poorly today, and the seed industry fell more than 3%.
Institutions: A stocks are expected to bottom out and stabilize in anticipation of fundamental recovery
Zhongyuan Securities believes that, despite the continuous introduction of favorable domestic policies, institutional investors in various ways are still waiting for the full release of risks in the outer disk. In the near future, the Shanghai Stock Index is likely to fluctuate around 2700 points, and the GEM market may have a small consolidation around the half-year line.
Dongguan Securities pointed out that in the face of the epidemic, countries have stepped up their efforts to stimulate the economy, and domestic efforts to stabilize growth are likely to continue their efforts. Fiscal and monetary policies still have much room to effectively alleviate market concerns. And after the market experienced a shock callback, the selling pressure was more fully released.
From the perspective of Dongguan Securities, although the market is still repetitive in the short term, the policy forces will still support the market to some extent. It is expected that the market may consolidate in April and wait for the market to gradually stabilize.
BOC Securities said that in the second quarter, the market will shift from the previous liquidity-driven valuation repair logic to profit-driven factors. Rhythm With the advent of the quarterly window, the market is expected to usher in the revision of profit expectations first, and then with the gradual clarification of the policy setting, fundamental recovery is expected to usher in the bottom and stabilize. (Finish)