The market was still in a narrow range this morning, and it suddenly rose after midday, and the GEM index rose by 2 at its peak7%, * up 195% at 177727；The CSI 300 rose by 101%, * up 057% at 329567；The Shanghai Composite rose 031%, CSI 500 rose 128%, CSI 1000 rose 18%, science and technology 50 rose 164%, the BSE 50 rose 163%, with a turnover of 10.3 billion.
The whole market traded 7223 today300 million, a slight increase, and the northbound capital inflow was 423.1 billion, with a peak inflow of 7.6 billion. 4462 *** 758 *** 58 ** up limit, 8 ** down limit, good money-making effect!
Today's ** mainly comes from several news, one is the suspension of IPOs over the weekend and interest rate cuts next Monday; Second, foreign brokerages are long A-shares. If it is true, it should be able to give the market greater confidence, and it should be more than this increase, and the interest rate cut is not very good, because the market has expectations.
Recently, many foreign brokerages have expressed their views on the 2024 A** market, Goldman Sachs said: It is expected that the MSCI China Index and the CSI 300 Index will return 17% and 19% respectively in 2024, and it is recommended to maintain a "high allocation" to China's A shares, taking the CSI 300 that we are familiar with, the ** points at the end of last year were: 343111. If the return rate is 19%, the ** point at the end of 2024 is: 4083.
Not only Goldman Sachs, but UBS** also believes that "the worst time point for A-shares has passed", UBS China** Strategic Analyst Meng Lei**: In 2024, the earnings growth rate of the CSI 300A share benchmark index will be about 8%, higher than the 2%-3% growth in 2023; In terms of policy, it is expected that there will be some room for RRR and interest rate cuts this year, and the policy easing will be stronger, which will have a relatively positive effect on the overall market boost.
Nomura Oriental International** also believes that the introduction of policies is expected to bring about an upward trend in A-shares.
It seems that A-shares have fallen for two or three years, and foreign capital can't stand it anymore. Today's surge is inseparable from the inflow of northbound funds of 4.2 billion, and the domestic feeling is that there is no incremental capital at all.
In terms of industries, the top gainers were computers +323%, media +317%, power equipment +215%, communication +21%, +1 for automobiles92%, TMT is back. Huawei's Hongmeng concept rose sharply, Yahua Electronics, Chuangzhi Technology 20cm daily limit, Zhiwei Intelligence, Changshan Beiming, LEEDARSON and other more than 10 shares have a strong daily limit. Yesterday evening, Huawei and JD.com announced their cooperation to officially launch the development of HarmonyOS native applications.
Today, only the four sectors of petroleum and petrochemical, coal, utilities, and banks are in the green, and these defensive sectors are inferior to growth technology stocks.
Tomorrow is Friday, the market needs to stabilize the turnover and continue to increase, the 28th day of the year is still more than 900 billion, and then it will fall, not to mention today's more than 700 billion. Continue the good news of the rumors, at the current point, or wait for the news to come out and then talk about stability, especially the suspension of the IPO, how to suspend it, and how long to suspend it? The impact on the market is different.
Finally, I would like to remind you that the release of CPI and PPI data tomorrow may not be too good, and you have to guard against whether there will be another sharp fall tomorrow.