The shock closed down, and the turnover of the Shanghai and Shenzhen stock markets exceeded one trillion yuan for four consecutive days.
The three major A-share stock indexes were mixed on March 14th. In early trading, the two cities fluctuated within a narrow range, and in midday, they were mixed. In the afternoon, the two cities fluctuated downwards, and the Chuangzhi and Shenzhen Component Index quickly fell by more than 1%. The late session picked up and the decline narrowed significantly.
From the perspective of the disk, short plays, online games, low-altitude economy, consumer electronics, semiconductors, lithium batteries and Sora themes were among the top losers. Medical biology is strong and CRO direction is active; Gold, industrial metals and real estate rose against the trend.
By the close of March 14th, the Shanghai Composite Index fell 0.18% to 3,038.23 points. The Science and Technology 50 Index fell 1.24% to 804.86 points; Shenzhen Component Index fell 0.52% to 9555.42 points; The growth enterprise market index fell 0.64% to 1883.02 points.
Wind statistics show that 1,557 companies in the two cities and the North Stock Exchange rose, 3,583 fell and 211 were flat.
On March 14th, the turnover of the two cities was 1,007.2 billion yuan, which was 47.6 billion yuan less than the previous trading day’s 1,054.8 billion yuan, and broke through one trillion yuan for four consecutive days. Among them, the Shanghai stock exchange traded 436.3 billion yuan, a decrease of 6.2 billion yuan from the previous trading day’s 442.5 billion yuan, and the Shenzhen stock exchange traded 570.9 billion yuan.
According to Great Wisdom VIP, 57 stocks in the two cities and the North Stock Exchange rose by more than 9%, and 10 stocks fell by more than 9%.
Northbound capital inflows accelerated on the afternoon of March 14th, with a net purchase of 6.422 billion yuan for the whole day and a net purchase for five consecutive days. Among them, Shanghai Stock Connect bought 4.247 billion yuan and Shenzhen Stock Connect bought 2.175 billion yuan.
Nonferrous metals and medicines rose sharply.
In terms of sectors, the rise of international gold prices continued to drive the non-ferrous metal sectors to attack, with the daily limit of Jingui Banking (002716) and Northern Copper (000737), and the electrical alloy (300697), Western Mining (601168) and Tongling Nonferrous Metals (000630) rising by more than 6%.
Stimulated by good news, the pharmaceutical bio-sector set off a wave of daily limit in early trading. Nearly 20 stocks such as Tiger Pharmaceutical (300347), Shouyao Holdings (688197), Mengke Pharmaceutical (688373) and Northrop Grumman (301333) once had daily limit or rose more than 10%.
Environmental protection stocks strengthened, with Dadi Ocean (301068), Chaoyue Technology (301049) and Huahong Technology (002645) increasing by over 10%, while Huaxin Environmental Protection (301265), Taihe Water (605081) and Qiaoyin Shares (002973) rising by over 5%.
Semiconductors showed a marked correction, with Guanshi Technology (605588) falling more than 7%, Xinjieneng (605111), Shengong (688233) and Chengdu Huawei (688709) falling more than 2%.
Media stocks fell sharply, with Ciwen Media (002343) down, Palm Reading Technology (603533), Caesar Culture (002425) and Guomai Culture (600640) falling more than 6%.
The performance of the national defense military industry was poor, with Gaode Infrared (002414), Guoguang Electric (688776), Cisco Rui (688053) and Mengsheng Electronics (688311) falling more than 4%.
Pay attention to the opportunity of low absorption after the callback of the main line plate
Guotai Junan said that the index may fluctuate in the short term, paying attention to the low-sucking opportunities after the callback of the main line plate. In recent trading days, the market has continued to fluctuate and differentiate. With the previous low-level sectors, such as new energy, medicine and large consumption, most varieties of the market have accumulated some gains, and the upward momentum of short-term indexes may weaken. The shock of the current position is conducive to the further continuation of the subsequent rebound. From the mid-line point of view, the market microstructure is clear, and the reports of the two sessions clearly put forward "enhancing the internal stability of the capital market", and the bottom of the stock market has appeared. After the short-term shock, it is expected to continue to expand the space upwards. It is suggested to pay attention to the previous main line plate on dips during the index shock stage.
The investment theme suggests focusing on new quality productivity and focusing on low-altitude economy/domestic computing power/emerging hydrogen energy. The decision-makers frequently mention "new quality productivity", and the policy is expected to focus on the cultivation and development of new industries/new models/new kinetic energy. It is recommended that: 1) Low-altitude economy: policies at all levels lead to the acceleration of commercialization and are optimistic about aircraft manufacturing/parts and flight service companies. 2)AI computing power: led by the "artificial intelligence+"action, the construction of domestic intelligent computing centers is expected to accelerate, and we are optimistic about the domestic optical interconnection/computing chip/Huawei intelligent computing industry chain. 3) Emerging hydrogen energy: industrial policies are intensively introduced, and the hydrogen production-storage and transportation-industrial hydrogen link is opened. We are optimistic about hydrogen production/storage and transportation equipment and fuel cells. 4) Domestic substitution.
Guosheng Securities pointed out that the indices of the two cities have continued to rebound to a new high recently, but the Shanghai Composite Index has taken the lead in stagflation, and both have entered the resistance pressure zone. However, the current technical form remains good, and it can continue to do more. Once it falls below the important support such as the 3030 points of the Shanghai Composite Index, it is necessary to reduce the position and prevent the index from entering the adjustment rhythm, thus causing the profit to retreat. Therefore, looking forward to the market outlook, the index has entered a relatively high level, but the effect of making money in the market is still high, and the mood of doing more is still positive. You can continue to do more around the main lines of the market, such as artificial intelligence, semiconductors, new energy and other sectors. If the index shows obvious signs of weakening, you can lower your position and defend.
Central china securities pointed out that the average P/E ratios of the Shanghai Composite Index and the Growth Enterprise Market Index are 12.28 times and 31.15 times respectively, which are below the median level in the past three years, and the market valuation is still in a low region, which is suitable for medium and long-term layout. Boosted by many favorable factors, the overall stock index is expected to maintain a volatile pattern in the future, and it is still necessary to pay close attention to the changes in policy, capital and external factors. Investors are advised to pay short-term attention to investment opportunities in industries such as automobiles, communication equipment, software development, games and cultural media.
