China News Agency, Beijing, March 11 (Liu Wenwen) The three major A-share indexes continued to rise on the 11th, and the Shanghai index returned to 3,300 points.
The three major A-share indexes opened lower in the morning, and the indexes all fell by more than 2% during the session.
In the afternoon, the group pulled up and turned up successively.
As of the close, the Shanghai Composite Index closed at 3,309.75 points, up 0.41%, with a turnover of 458.7 billion yuan (RMB, the same below); the Shenzhen Component Index closed at 12,447.37 points, up 0.62%, with a turnover of 591.5 billion yuan; the ChiNext Index closed at 2,665.46 points, up 1.15%, with a turnover of 247 billion yuan.
From the perspective of the disk, the new crown testing, medical equipment, and agricultural product processing sectors led the gains, while oil and gas exploration, precious metals, childcare services, and green electricity sectors led the decline.
In the afternoon, digital currency, securities, banking and other sectors broke out, and the concept of new crown detection set a rising tide.
Nearly 3,000 individual stocks in the two cities rose, and the turnover exceeded one trillion yuan for the seventh consecutive trading day. Northbound funds sold for the fifth consecutive day, with a net sales of 5.042 billion yuan.
Does the strength for two consecutive trading days indicate that A shares are gradually coming out of the decline?
In the opinion of Guo Yiming, director of investment consulting at Jufeng Investment Consulting, "A shares may still have a second dip in the short term." He analyzed that European and American stock markets have collectively pulled back, popular Chinese stocks have pulled back sharply, the situation in Russia and Ukraine and the expectation of US dollar interest rate hikes have once again caused Market risk aversion.
In the short term, overseas conflicts are still affected by uncertainties. After continuous adjustment of A shares, there will be large fluctuations, and the probability of repeated bottoming in the short term will greatly increase.
However, Guo Yiming also pointed out that in general, the domestic stable growth policy has underpinned the bottom line, and the market is still on the basis of the boost of loose liquidity expectations.
Under the support of fundamentals and low valuations, the market as a whole is still volatile and bottoming out.
The analysis of Soochow Securities believes that the disk market on Thursday ushered in a long-lost general rally under the external recovery, but the market has not yet stabilized effectively. From the perspective of the disk, the rebound is insufficient.
In the market outlook, after the market bottomed out and rebounded, it is not advisable to be blindly optimistic. Before the Fed raises interest rates in the middle of the month, there is a high probability that the market will still repeat.
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