China News Service, Beijing, April 1 (Reporter Chen Kangliang) On the first trading day of April, China's A-shares had a "good start", with all major stock indexes rising. The representative Shanghai Composite Index rose by more than 1%, successfully achieving "three consecutive gains."
As of the close of the day, the Shanghai Composite Index reported 3,077 points, an increase of 1.19%; the Shenzhen Component Index reported 9,647 points, an increase of 2.62%; the GEM Index reported 1,872 points, an increase of 2.97%.
Zhao Dongmei, an analyst at Guoyuan Securities, said that today’s rise in A-shares is mainly due to two aspects: first, the continued implementation of positive policies, including China’s official promotion of the development of new productive forces, which is beneficial to related sectors; second, the continued fundamentals of China’s economy For the better, especially the recently disclosed China Manufacturing Purchasing Managers Index (PMI) in March was significantly better than market expectations, boosting market confidence.
Recently, China's National Bureau of Statistics announced that China's manufacturing PMI was 50.8% in March, an increase of 1.7 percentage points from the previous month. This important leading indicator reflecting the performance of the macroeconomic situation returned to the expansion range.
The State-owned Assets Supervision and Administration Commission of the State Council of China has recently selected and determined the first batch of start-up enterprises in accordance with the "four new" (new track, new technology, new platform, and new mechanism) standards to accelerate the layout of new fields and new tracks and cultivate and develop new quality productivity. Most of the first batch of start-up companies selected this time were established within three years, focusing on emerging fields such as artificial intelligence, quantum information, and biomedicine.
In terms of sectors, most A-share sectors rose that day. According to statistics from financial data service provider Oriental Fortune, the energy metals and optical optoelectronics sectors rose 7.61% and 4.24% respectively that day, leading the gains.
Looking forward to the market outlook, Zhang Xia, an analyst at China Merchants Securities, said that entering April, the market's focus will mainly be on the performance of listed companies. Judging from the recently disclosed economic data, it is expected that the profit growth rate of listed companies will rebound in the first quarter, and relatively strong performance will be beneficial to the trend of A shares. (over)