China News Service, Beijing, February 21 (Reporter Chen Kangliang) China's A-share market on the 21st (Wednesday) ** major stock indexes all ended in the red. The representative Shanghai Composite Index rose nearly 1%, achieving "six consecutive gains".
As of the day**, the Shanghai Composite Index was at 2,950 points, an increase of 097%；The Shenzhen Component Index was reported at 8975 points, up 079%；The GEM index was reported at 1752 points, up 036%。
Li Bingzhou, an analyst at Wanhe**, said that the recent continuation of A-shares is mainly boosted by the good reform of the capital market, and the relatively bright economic data during the Lunar New Year has boosted investor confidence; In addition, from the perspective of valuation, after the previous adjustment, the valuation of A-shares is still at a low level compared with the world's major capital markets, which makes the A** market more attractive for investment.
According to the statistics of financial data service provider Oriental Wealth, the northbound funds on the day were significantly net **A shares, and the net **A shares were 135 throughout the day9.5 billion yuan (RMB, the same below), a new high since the end of July 2023; Among them, the net **96 through the Shanghai Stock Connect on the same day4.1 billion yuan, through the Shenzhen Stock Connect net **395.4 billion yuan.
In terms of specific sectors, most of the A-share sectors on the same day**, education, wine industry and other sectors were **568% and 42%, the top gainer. In addition, insurance, banking and other financial sectors also performed well, respectively**337% and 22%。*In terms of Ping An Bank, Ping An Bank had a rare daily limit on the day (up to 10%).
Yang Delong, chief economist of Qianhai Open Source, said that the strength of bank stocks is, on the one hand, due to its low valuation and high dividend yield, which are favored by many funds; On the other hand, the recent decline in the interest rate (LPR) in the loan market with a maturity of more than 5 years may promote the growth of residential mortgage loans, which is positive for the banking sector.
Recently, the People's Bank of China authorized the National Interbank Funding Center to announce the latest LPR: LPR for more than 5 years is 395%, down 25 basis points from the previous month. This is the second decline in LPR over 5 years since June 2023, and the largest decline in LPR history. (ENDS).
*: China News Network).