Sino-Singapore Jingwei Client, March 4th. On the 4th, the three major A-share indexes all opened lower, and the Shenzhen Component Index and the ChiNext Index both fell by more than 1%.

The precious metals, base metals, liquor, and home appliances sectors led the decline, while the petrochemical, chemical fiber, and steel sectors were strong.

　　The opening ups and downs of the major A-share indexes.

Source: Wind

　　As of the opening, the Shanghai Composite Index fell 0.85% to 3,546.64 points; the Shenzhen Component Index fell 1.01% to 14,780.90 points; the ChiNext Index fell 1.18% to 2,962.52 points.

　　On the disk, sectors such as park development, public transportation, and chemical fiber led the gains; sectors such as rare metals, gold, beverage manufacturing, tourism integration, and power equipment were among the top decliners.

In terms of concept stocks, capital leaders, yesterday's continuous board, yesterday's daily limit, carbon-based semiconductors, and PTA were among the top gainers, and nickel, copper, cobalt, silver, and HIT batteries were among the top decliners.

　　In terms of individual stocks, 734 stocks rose, of which Yongdong shares, ST Rocks, Huitai Medical and other stocks rose more than 5%.

2852 stocks fell, of which XGIMI Technology, Yuanxing Energy, C Degut and other stocks fell more than 5%.

　　In terms of capital flow, the top five industries that flowed into the top five were other transportation equipment, cultural media, Internet media, marketing communications, and shipbuilding. The top five that flowed out were other transportation equipment, cultural media, Internet media, marketing communications, Shipbuilding.

The top five stocks with major inflows are China General Nuclear Power Corporation, Bea Asia, Metro Design, Dongpeng Holdings, and Haixiang New Materials. The top five stocks that flow out are China General Nuclear Power, Bea Asia, Metro Design, and Dongpeng Holdings. , Walrus new material.

The top five conceptual themes of the main inflow are O2O concept, cotton, UHV, wind power, and Shenzhen state-owned reform. The top five conceptual themes that are outflow are O2O concept, cotton, UHV, wind power, and Shenzhen state-owned reform.

　　According to data from the China Foreign Exchange Trading Center, the central parity of the RMB against the US dollar fell by 193 basis points to 6.4758.

　　As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 812.101 billion yuan, an increase of 227 million yuan from the previous trading day, and the securities lending balance was at 90.678 billion yuan, an increase of 2.406 billion yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 724.41 billion yuan. , A decrease of 285 million yuan from the previous trading day, and the securities lending balance reported 56.116 billion yuan, an increase of 837 million yuan from the previous trading day.

The balance of margin trading and securities lending in the two cities totaled 1,682.937 billion yuan, an increase of 3.185 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 113 million yuan, of which the net inflow of Shanghai Stock Connect is 9 million yuan, the balance of funds on the day is 51.99 billion yuan, and the net inflow of Shenzhen Stock Connect is 104 million yuan. The balance was 51.896 billion yuan; the net inflow of southbound funds was 5.411 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 5.188 billion yuan, the day’s fund balance was 36.812 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 223 million yuan, and the day’s fund balance was 41.77 billion yuan.

　　The market rebounded on the previous trading day. Shanxi Securities stated that due to the contraction in market volume and the large increase in a single day, there is little probability of subsequent consecutive pull-ups, and the short-term index may continue to fluctuate sideways.

In the medium term, maintain the judgment that the index will continue to fluctuate, and the overall market volatility is relatively high, and the rapid rotation of the sector continues. Investors are not recommended to operate frequently, and firmly pay attention to the sector with strong performance growth.

　　Wanhe Securities pointed out that the A-share market in February showed a trend of high and low, which was mainly disturbed by factors such as the tightening of liquidity expectations and the decline of high valuation sectors, which intensified index volatility.

In addition, U.S. bond yields have risen, and the spread between China and the United States has narrowed, which will continue to disrupt the inflow of foreign capital. However, considering the continued recovery of my country's economy and the opening and reform of my country's capital market, the trend of continuous foreign inflow will continue.

　　Wanhe Securities believes that in the short term, the market risk appetite has decreased compared with the previous period, but the market's "fear of heights" has also been released. At this time, the market is more waiting for the implementation of the two sessions policy, and the market may maintain a volatile trend.

The industry can focus on pro-cyclicality, brokerage, consumption, and new infrastructure.

(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.)