After the weakness of the previous few days, the global stock market finally took a breath and started the violent rebound mode.
On March 10, A-Shares changed yesterday’s decline, and the three major stock indexes opened higher. The Shanghai index once rose by more than 2%, and the Shenzhen Composite Index and gem index once rose by more than 3%. As of the close, the stock index rose 1.22% to 329609; The Shenzhen Composite Index rose 2.18% to 1237095; The gem index rose 2.67% to 263519.
K trend chart of Shanghai Stock Index
Nearly 3600 shares rose in Shanghai and Shenzhen, with chemical fiber, daily chemical industry, medicine, electrical equipment and other sectors rising higher on the disk. The pharmaceutical sector has also raised the tide of limit trading, and more than 10 related stocks such as Fujian Cosunter Pharmaceutical Co.Ltd(300436) , Guangxi Hechi Chemical Co.Ltd(000953) , Shanxi Panlong Pharmaceutical Group Limited By Share Ltd(002864) etc. have closed the limit.
Leading stocks rose strongly, Rongsheng Petro Chemical Co.Ltd(002493) rose by the limit, Wuxi Apptec Co.Ltd(603259) rose by more than 9%, Ping An Bank Co.Ltd(000001) rose by more than 5%, and Contemporary Amperex Technology Co.Limited(300750) rose by more than 3%.
After Kweichow Moutai Co.Ltd(600519) rarely released its main operating data from January to February, recently, a number of A-share listed companies began to disclose monthly operating data, including Wuxi Apptec Co.Ltd(603259) , Bloomage Biotechnology Corporation Limited(688363) , National Silicon Industry Group Co.Ltd(688126) , etc.
In addition to a shares, other Asia Pacific markets were also booming on the 10th.
The Nikkei index rose nearly 4% and the South Korean composite index rose more than 2%. In terms of Hong Kong stocks, as of press time, the three major stock indexes had maintained a rising trend. In early trading, the Hang Seng Index and the state-owned enterprise index once rose by more than 2%, and the Hang Seng technology index rose by more than 4%.
Overnight, European and American stock markets also ushered in a strong rebound. Germany’s DAX30 index rose 7.92%, France’s CAC40 index rose 7.13%, and Britain’s FTSE 100 index rose 3.25%. The US stock index rose 2%, the NASDAQ rose 3.59% and the S & P 500 rose 2.57%.
According to Hu guopeng, an Sealand Securities Co.Ltd(000750) analyst, the current risk aversion sentiment in the market has eased, but the sustained rebound requires a significant decline in the upstream commodity prices to further alleviate the concern of stagflation.
“Under multiple uncertainties, we predict that the market may still be dominated by the volatile structural market in the short term,” Shanxi Securities Co.Ltd(002500) analyst Ma Wenyu said. At present, it is recommended to pay attention to the commodity sector that is expected to benefit from the inflation trend, but at the same time, we must also consider whether the specific target has fully fulfilled the price increase expectation. In addition, It is suggested to focus on the target with both defensive and valuation repair potential in the market value and market growth, and wait for the return of the boom. (end) table border = “0” cellspacing = “0” celladding = “0” align = “center”
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