Chinanews Client Beijing, March 1 (Reporter Xie Yiguan) After experiencing last week’s “big callback”, on March 1, A-shares staged a “counter-offensive”. The three major stock indexes fluctuated and rose throughout the day. Baotuan stocks such as baijiu are making a comeback.
As of the close, the Shanghai Composite Index rose 1.21% to 3,551.40 points; the Shenzhen Component Index rose 2.41% to 14,857.34 points; the ChiNext Index rose 2.77% to 2,994.75 points.
Shanghai index daily chart.
Under the strong market, the continuous net outflow of northbound funds ended, with a net inflow of 3.787 billion yuan throughout the day; the turnover of the Shanghai and Shenzhen markets was 873.2 billion yuan, a decrease from the previous trading day.
On the disk, a total of 3602 stocks in the two cities rose, 113 stocks rose by the limit, 484 stocks fell, and 9 stocks fell by the limit.
The industry sector has more reds and less greens, and the construction machinery, tourism, paper, mineral products, steel, semiconductor and other sectors have advanced ahead; in the conceptual sector, the medical aesthetics concept rose more than 5% to lead the market; the rare earth permanent magnet concept stocks staged a daily limit wave .
On March 1, Minister of Industry and Information Technology Xiao Yaqing responded to media questions on the "Regulations on Rare Earth Management (Draft for Comment)" drafted by the Ministry of Industry and Information Technology, saying that China is a large rare earth country with the largest amount of resources, production and exports.
But there is a phenomenon worthy of attention. "We are not selling rare earths at the price of rare earths, but at the price of soil. This is vicious competition, and the competition to keep prices down has caused this precious resource to be wasted."
Affected by the above news, the rare-earth permanent magnets sector rose rapidly, and 11 stocks including Jinli Permanent Magnets, Sinosteel International, and Taihua Co., Ltd. closed their daily limits.
Rare earth permanent magnet stocks daily limit.
"Last week, the market style switch continued. Pro-cyclical, real estate and other sectors showed some performance, and then affected by external market fluctuations, the pro-cyclical and previous core groups resonated and fell, and the market adjusted sharply. However, there are signs of funds ambushing in agriculture and environmental protection. , Relatively defensive.” Bohai Securities pointed out.
"After the market's'sudden drop' last week, the probability of a sudden drop of 5-10% in a weekly index correction is unlikely to occur in the short term. However, due to the short adjustment time, the small amplitude, and the low valuation, the transaction The volume has not shrunk significantly, and it is estimated that the market will gradually turn from a sharp decline to a flat consolidation.” CICC pointed out that in the short term, the sectors with low valuations and previous low gains may be resilient.
From the perspective of Industrial Securities, the market is gradually approaching the end of this round of adjustment after rapid and rapid adjustment. With the gradual passing of the "back spring cold", it is expected to slowly usher in March. Mainly based on the following factors: the Chinese New Year celebrates the Chinese New Year in situ, and the time for China's economic recovery is prolonged; the acceleration of vaccination in the United States and the passage of the US$1.9 trillion bill, the expansion of the Sino-US economic recovery resonance span; PPI has begun to turn positive and enter an accelerated upward cycle; Usher in the pattern of rising volume and price. (Finish)