China News Service, Beijing, April 18 (Reporter Chen Kangliang) China's A-shares were generally stable on the 18th, but there were differences among the major stock indexes, mainly reflecting that the Shanghai Composite Index of large-cap blue-chip stocks suffered a decline and fell below the 3,200-point mark; The concentrated ChiNext index rose more than 1%.

　　As of the close of the day, the Shanghai Composite Index reported 3195 points, a decrease of 0.49%, with a turnover of 366.4 billion yuan (RMB, the same below); the Shenzhen Component Index reported 11691 points, an increase of 0.37%, with a turnover of 411.9 billion yuan; the Small and Medium Composite Index reported 11652 points, up 0.82%; the ChiNext Index reported 2,487 points, up 1.11%.

　　The National Bureau of Statistics of China announced on the 18th that after preliminary accounting, China's GDP in the first quarter was 27,017.8 billion yuan, a year-on-year increase of 4.8% at constant prices, and a month-on-month increase of 1.3% compared with the fourth quarter of 2021.

　　Tao Can, general manager of the equity investment department of CCB Fund, said that China's economic growth rate in the first quarter announced that day was basically in line with market expectations.

The main reason for the adjustment of the Shanghai index today is that the recent 25 basis points of the central bank’s RRR cut is lower than market expectations, which has affected investors’ enthusiasm for more buying.

But at present, favorable factors in the market are accumulating, such as the resumption of work and production in Shanghai over the weekend, and investors should not be overly pessimistic.

　　On the 16th, the Shanghai Municipal Commission of Economy and Information Technology issued the "Guidelines for the Resumption of Epidemic Prevention and Control of Industrial Enterprises in Shanghai (First Edition)", with 21 items in five items, providing guidance for industrial enterprises to resume work and production.

　　In terms of specific sectors, except for the real estate and financial sectors, which fell, most of the A-share sectors rose that day.

Among them, auto parts, semiconductors and other sectors were among the top gainers, up 4.56% and 3.48% respectively.

　　According to Shen Zhengyang, an analyst at Northeast Securities, there are two main reasons for the strength of auto parts and other sectors and the ChiNext Index that day: on the one hand, since the beginning of this year, the aforementioned sectors and ChiNext Index have suffered a relatively large decline, and there is a rebound. Potential energy; on the other hand, the recent domestic new crown pneumonia epidemic situation is relatively severe, especially the epidemic in the Yangtze River Delta region has impacted industries with long industrial chains such as new energy vehicles, and as the epidemic gradually eases, relevant regions are returning to work in an orderly manner. Production resumes, and it is expected that related emerging industries are expected to receive more support from stable growth policies in the future.

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