Sino-Singapore Jingwei Client, March 1st. On the first trading day of March, the three major A-share indexes opened higher and tended to fluctuate. The Shanghai Composite Index closed slightly higher at midday, and the Shenzhen Component Index and the ChiNext Index both rose more than 1%.

The Baotuan sector and individual stocks collectively reversed and repaired. Themes of environmental protection, chips, agriculture, rare earths, tourism and other topics have strengthened. The rare earths and lithium battery sectors led the market.

Over 3,200 individual stocks in the two cities were buzzing.

　　Time-sharing chart of the Shanghai Stock Exchange Index.

Source: Wind

　　As of midday's close, the Shanghai Composite Index rose 0.52% to 3,527.30 points, with a turnover of 245 billion yuan; the Shenzhen Component Index rose 1.60% to 1,740.23 points, with a turnover of 295.8 billion yuan; the ChiNext Index rose 1.87% to 2,968.54 points, with a turnover. 103.8 billion yuan.

　　On the disk, the metal and non-metal new materials, tourism comprehensive, professional retail, rubber, rare metals and other sectors led the gains; securities firms, insurance, agribusiness, gold, and public transportation sectors led the decline.

In terms of concept stocks, capital leaders, short videos, rare earth permanent magnets, unmanned retail, machine vision, etc. top the rise, and ophthalmology, insurance, brokerage, medical beauty, and vaccine testing traceability are among the top decliners.

　　In terms of individual stocks, 3213 individual stocks rose, among which several stocks such as Miao Exhibition, Shenma shares, and East China Pharmaceutical rose by more than 5%.

791 individual stocks fell, of which Shengxiang Bio, ST Cody, ST Fugang and other stocks fell more than 5%.

　　In terms of turnover rate, there are a total of 12 stocks with a turnover rate of more than 20%. Among them, Haitai Xinguang has the highest turnover rate, reaching 49.72%.

　　In terms of capital flow, the top five major inflows of the industry sector are chemicals, securities firms, steel II, special equipment, and rare metals, and the top five outflows are securities firms, real estate development, chemicals, special equipment, and banks II.

The top five stocks with major inflows are CITIC Securities, GEM, Baotou Steel, Northern Rare Earth, and Smart Agriculture. The top five stocks with outflows are CITIC Securities, GEM, Industrial Securities, BYD, and Eastern Communications.

The top five conceptual themes of the main inflows are margin financing and securities lending, refinancing securities, MSCI concepts, Shanghai Stock Connect, and Shenzhen Stock Connect. The top five conceptual themes for outflows are margin financing and securities lending, refinancing securities, and MSCI concepts. , Shanghai Stock Connect, Shenzhen Stock Connect.

　　As of the previous trading day, the Shanghai Stock Exchange’s financing balance was reported at 806.307 billion yuan, a decrease of 2.823 billion yuan from the previous trading day. The securities lending balance was reported at 86.824 billion yuan, a decrease of 2.299 billion yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 724.073 billion yuan. , A decrease of 4.413 billion yuan from the previous trading day, and the securities lending balance reported 52.856 billion yuan, a decrease of 768 million yuan from the previous trading day.

The balance of margin financing and securities lending in the two cities totaled 1,670.06 billion yuan, a decrease of 10.302 billion yuan from the previous trading day.

　　From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound capital is 3.316 billion yuan, of which the net inflow of Shanghai Stock Connect is 1.309 billion yuan, the balance of funds on the day is 50.69 billion yuan, and the net inflow of Shenzhen Stock Connect is 2.007 billion yuan. The balance was 49.993 billion yuan; the net inflow of southbound funds was 1.833 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 477 million yuan, the day’s fund balance was 41.523 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 1.356 billion yuan, and the day’s fund balance was 40.644 billion yuan.

　　Yuekai Securities stated that compared with investment opportunities in sectors such as good tracks, high-certainty consumption, new energy, etc., funds are more likely to be supported by fundamentals at the moment, and valuation elasticity and profit elasticity can be more matched. The procyclical sector seeks opportunities, and the procyclical market is expected to continue to interpret.

At the same time, there is still allocation value for white horse blue chip stocks with reasonable valuation ranges.

　　Looking ahead, Guosen Securities believes that the overall upward trend of the market remains unchanged.

From the perspective of the driving factors of the market, the market is deduced later, the fundamental turning point is more important than the liquidity turning point; with hindsight, in many cases, the policy shift and tightening are not the highest point of the market.

Although the current period of most loose liquidity has passed, changes in liquidity or policy may increase market volatility, but will not change the market trend; this round of fundamental inflection points may not appear until the third quarter.

(Zhongxin Jingwei APP)

(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)