On March 18, the A-share market opened low and went high, led by real estate and major financial sectors, and the three major indexes rose. As of the close, the Shanghai Composite Index rose 1.12%, the Shenzhen Component Index rose 0.31%, and the gem index rose 0.11%; The turnover of the two cities exceeded 990 billion yuan, down from the previous trading day.
Analysts said that the "policy bottom" has been basically proved, and A-Shares are expected to open a round of oversold rebound. On the one hand, the height and sustainability of the rebound depend on the sustainability of favorable policies; On the other hand, it depends on peripheral factors such as the pace of the Fed's table contraction and the geographical situation.
Two sectors led gains
On March 18, A-share real estate and large financial sectors led the market. The number of rising stocks in the two cities was 3477, of which 123 stocks rose by the limit; The number of declining stocks was 1113.
Among the Shenwan industries, real estate, coal and building decoration sectors led the rise, rising 4.58%, 4.58% and 3.10% respectively throughout the day. In addition, the banking and non banking financial sectors rose 2.32% and 2.18% respectively.
In the real estate sector, Yango Group Co.Ltd(000671) , Rongan Property Co.Ltd(000517) , Suzhou New District Hi-Tech Industrial Co.Ltd(600736) and other stocks rose by the limit. In the banking sector, Bank Of Chongqing Co.Ltd(601963) shares rose by more than 5%, Bank of Lanzhou, Industrial Bank Co.Ltd(601166) shares rose by more than 4%, and China Merchants Bank Co.Ltd(600036) , Bank Of Jiangsu Co.Ltd(600919) , Bank Of Communications Co.Ltd(601328) shares rose by more than 3%. In the non bank financial sector, Anhui Xinli Finance Co.Ltd(600318) , Polaris Bay Group Co.Ltd(600155) , Xishui Strong Year Co.Ltd Inner Mongolia(600291) limit, Ping An Insurance (Group) Company Of China Ltd(601318) share price rose by more than 5%, and Citic Securities Company Limited(600030) , China Life Insurance Company Limited(601628) , China Pacific Insurance (Group) Co.Ltd(601601) China Pacific Insurance (Group) Co.Ltd(601601) share price rose by more than 3%.
According to wind data, the net inflow of northbound funds on the 18th was 8.457 billion yuan, including 8.293 billion yuan from Shanghai Stock connect and 164 million yuan from Shenzhen Stock connect. Among the top ten active stocks in Shanghai and Shenzhen Stock connect, the net purchase amount of northbound funds of China Merchants Bank Co.Ltd(600036) , Citic Securities Company Limited(600030) , Ping An Insurance (Group) Company Of China Ltd(601318) is higher, which are 1.202 billion yuan, 583 million yuan and 493 million yuan respectively Contemporary Amperex Technology Co.Limited(300750) , Kweichow Moutai Co.Ltd(600519) , Gree Electric Appliances Inc.Of Zhuhai(000651) , the net sales of northbound funds were higher, with 778 million yuan, 553 million yuan and 281 million yuan respectively.
The rebound will continue
Since March 16, the A-share market has rebounded for days, and the three major indexes have risen for three consecutive trading days.
Lang Chengcheng, general manager of the research department of Furong fund, said that the short-term optimism of A-Shares is expected to strengthen, and the market will usher in a round of repair market. The impact of geopolitical conflict on financial markets is severe in the short term, but its sustainability is limited. In terms of investment direction, it is suggested to layout the subject matter with strong performance certainty, especially focusing on the leading stocks in photovoltaic, semiconductor and other industries. Banks, real estate and other sectors with valuation and repair space also deserve attention.
The chief analyst Yan Xiang suggested that the stock market would continue to rebound.
