Chinanews client, Beijing, March 11 (Reporter Xie Yiguan) After the previous successive callbacks, on March 11, the A-shares staged a "big counterattack", and the three major stock indexes fluctuated higher throughout the day, "drinking and taking medicine" and "coal" "Flying Dance" Quotes are all over.

  As of the close, the Shanghai Composite Index rose 2.36% to 3,436.83 points, returning to 3,400 points; the Shenzhen Component Index rose 2.23% to 13,866.37 points; the ChiNext Index rose 2.61% to 2746.58 points, back to 2,700 points.

Shanghai index daily chart.

  Under the strong market, northbound funds continued to buy bottoms, with a net inflow of 6.719 billion yuan throughout the day. Investors' enthusiasm for investment rebounded. The trading volume of Shanghai and Shenzhen stocks was 804 billion yuan, which was higher than the previous trading day.

  On the disk, a total of 3680 stocks in the two cities rose, 81 stocks rose by the limit; 435 stocks fell, and 5 stocks fell by the limit.

The industry sector was basically red, the non-ferrous sector rose more than 6% to lead the market, and 17 related stocks, including Hongchuang Holdings, Aluminum Corporation of China, and Yiqiu Resources, closed their daily limits.

In addition, the steel, wine, chemical fiber, semiconductor and other sectors saw higher gains.

Non-ferrous sector daily limit stocks.

  On the 11th, institutional stocks rose again, and the "Mao Index" rose.

Among them, Kweichow Moutai's share price rose nearly 4% to return to above 2,000 yuan; "Yanmao" Aier Ophthalmology rose more than 6%; "Youmao" Arowana rose by more than 5%; "Medical Maotai" Aimeike rose by more than 13 %.

  The rise in the market drove the valuation of many popular fund products such as China Merchants China Securities Liquor Index (LOF), Lion Growth Mix, E Fund Blue Chip Selected Mix and other popular fund products. The "fund rebound" was on the hot search. "It has fallen for so many days today. I can finally add a dish." Some netizens commented.

  "The continued inflow of foreign capital shows renewed confidence in the A-share market. In February, social financing added 1.71 trillion yuan, and the stock growth rate was 13.3%, which significantly exceeded market expectations, reflecting the main tone that macro liquidity will not change sharply. This means that there is no need to worry too much about the deterioration of macro liquidity and the downward pressure on the valuation of A shares." Yan Kaiwen, chief strategy analyst at Huaxin Securities, said that overall, after the valuation of core assets is revised down, A The stock market risk has dropped significantly, and it is currently in the stage of confidence reconstruction.

  According to Zhang Gang, an analyst at Centaline Securities, whether the continued market adjustment since February 18 is over still needs to be observed and verified.

It is recommended that investors continue to pay attention to changes in policy and capital, and patiently wait for the bottom signal to appear.

It is expected that the Shanghai stock index is likely to fluctuate slightly, and the ChiNext market is likely to consolidate slightly in the short term.

  “At the level of market style, the relative performance margin has improved, and the relative valuation advantage is prominent. The focus is on investment opportunities in mid-cap stocks. Under the global economic recovery, on the one hand, the performance growth advantage of large-cap stocks such as CSI 300 is not strong, and the constituent stocks of mid-cap stocks Growth is stronger; on the other hand, under the background of tightening liquidity and rising interest rates, some high-value large-cap stocks are under greater pressure to adjust the valuation of large-cap stocks. The safety margins of mid-cap indexes such as CSI 500 and CSI 1000 are highlighted." Securities analyst Ai Xiongfeng pointed out. (Finish)