Financial Highlights
1. Bureau of Statistics: the official manufacturing PMI was 51.9% in March, and the manufacturing boom picked up.
2. The four ministries and commissions issued a document: carry out the rural activities of new energy vehicles in 2021.
3. 651 listed companies plan to distribute “red envelopes”, and the amount of dividends is expected to exceed 470 billion.
4. 5. The revenue of head securities companies accounted for more than 40% of the industry, but the stock fell from the altar.
5. Hurun Research Institute: the threshold of wealth and freedom in China’s first tier cities is 19 million.
A-share market overview
On Wednesday (March 31), the A-share market opened low and went down with a slight shock. Many core assets leading the rise of the market the day before yesterday went down in the morning, dragging the stock index down with a gradual shock after the low opening. The Shanghai index stabilized and rebounded near 3420 points, and the concept of carbon neutralization strengthened in the afternoon, promoting the stock index to rise slightly. The stock indexes of the two cities basically showed the operation characteristics of a slight shock and downward throughout the day. The GEM market fell slightly on Wednesday, and the performance of the component index was basically synchronized with that of the main board market.
Future research and investment suggestions
On Tuesday, the A-share market opened low and went down with a slight shock. With the overall decline of core assets such as pro cyclical, wine making, Aerospace Military Industry and consumption, the stock indexes of the two cities were dragged down with a level-by-level shock. In the afternoon, with the re strengthening of the concept of carbon neutralization, the stock indexes stabilized and rebounded. Defense sectors such as environmental protection projects, electricity and utilities continued to be sought after by short-term active funds. The driving force for the continuous rise of core assets is insufficient, the confidence of foreign capital entering the market is not strong, and the pattern of shock consolidation of the Shanghai index around the semi annual line remains unchanged. It is suggested that investors continue to pay attention to the changes in policy and capital.
It is expected that the Shanghai index is more likely to rise in the short-term shock, and the GEM market is more likely to be slightly sorted out in the short-term. We suggest that investors pay close attention to the investment opportunities in environmental protection engineering, power and engineering construction in the short term, and continue to pay close attention to the investment opportunities of undervalued blue chips in the middle line.
Risk tip: policy risk, economic downturn
