Sino-Singapore Jingwei Client, March 1st. On the first trading day of March, the three major A-share indexes collectively opened higher, and the Shenzhen Component Index and the ChiNext Index both rose more than 1%.
Liquor, papermaking, and environmental protection sectors led the gains. Kweichow Moutai opened up 2.65%; Suning Tesco resumed its trading limit after the company announced the introduction of state-owned strategic investment.
The opening ups and downs of the major A-share indexes.
Source: Wind
As of the opening, the Shanghai Composite Index rose 0.64% to 3,531.48 points; the Shenzhen Component Index rose 1.12% to 14,670.11 points; the ChiNext Index rose 1.52% to 2,958.53 points.
On the disk, the professional retail, power supply equipment, tourism integration, electrical automation equipment, papermaking and other sectors led the gains; other transportation equipment, agricultural integration, airports, hotels, plantation and other sectors led the decline.
In terms of concept stocks, yesterday's link-up, short video, unmanned retail, International Import Expo, and machine vision were among the top gainers, and ecological agriculture, stall economy, cotton, genetically modified, and vaccine testing traceability were among the top decliners.
In terms of individual stocks, 2,540 individual stocks rose, among which several stocks such as Ordos, ST Chuangxing, and Yalian Development increased by more than 5%.
968 individual stocks fell, of which Huicheng Technology, Taiwan Strait Nuclear Power, ST Cody 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 41 basis points to 6.4754.
As of the previous trading day, the Shanghai Stock Exchange’s financing balance was reported at 806.307 billion yuan, a decrease of 2.823 billion yuan from the previous trading day. The securities lending balance was reported at 86.824 billion yuan, a decrease of 2.299 billion yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 724.073 billion yuan. , A decrease of 4.413 billion yuan from the previous trading day, and the securities lending balance reported 52.856 billion yuan, a decrease of 768 million yuan from the previous trading day.
The balance of margin financing and securities lending in the two cities totaled 1,670.06 billion yuan, a decrease of 10.302 billion yuan from the previous trading day.
From the perspective of the north-south capital flow of the Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound capital is 453 million yuan, of which the net inflow of Shanghai Stock Connect is 240 million yuan, the balance of funds on the day is 51.76 billion yuan, and the net inflow of Shenzhen Stock Connect is 213 million yuan. The balance was 51.787 billion yuan; the net outflow of southbound funds was 1.228 billion yuan, of which the Shanghai-Hong Kong Stock Connect net outflow was 1.513 billion yuan, the day’s fund balance was 43.513 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 285 million yuan, and the day’s fund balance was 41.715 billion yuan.
Ping An Securities believes that the A-share market has entered a recession stage, and the overall market is still in the upward range.
On the whole, although the overall volatility has increased in the short-term under liquidity disturbances, market funds are relatively stable and the global economic recovery has boosted the profitability boom, which is still supported by the market.
In the medium term, the conversion of market driving force from valuation to profitability has been further confirmed. It is recommended to seize the medium and long-term investment opportunities that benefit from the more profitable certainty of the economic recovery, the relatively reasonable valuation adjustments and the catalyzed policies.
In addition, since the Spring Festival, the market has adjusted a lot. Under the background that the market still has bottom profit support, the core asset sector and the innovation sector may consider gradual bargaining.
In addition, Essence Securities stated that the important reasons for the expansion of the valuation of the A-share market in the past year came from the easing of global liquidity and the decline in risk-free interest rates. As the U.S. economy accelerates recovery, U.S. Treasury yields have risen, and the valuation of the A-share market is difficult. Avoid facing correction pressure.
Essence Securities pointed out that U.S. bond interest rates have risen too quickly in the early stage and are expected to stabilize temporarily in the short term, and the sharp decline in the A-share market will also come to an end.
In the short term, it is expected that the risk appetite during the important meeting in March will stabilize. In the future, we will need to wait for the rebound of the market to start with earnings-than-expected earnings. The conditions for the rebound are currently gestating.
(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.)