Chao News reporter Ji Wenlei.
On February 19, the Year of the Dragon A-shares unsurprisingly ushered in a "good start".
By the end of the day**, the Shanghai Composite Index had risen by 156%, recovering the 2,900-point mark, the Shenzhen Component Index and the ChiNext Index closed up respectively. 13%, and the turnover of the two cities exceeded 900 billion yuan. In terms of more than 4,200 *** and nearly 300** daily limit.
Under the strong rally, Zhejiang enterprises also ushered in a wave of **. Flush ifind data shows that a total of 653 Zhejiang enterprises were red on the same day, of which 21 companies rose by more than 10%.
Source: Visual China "This is a positive signal, indicating that market confidence is gradually recovering and the market trend is gradually reversing, driven by many favorable policies. Yang Delong, chief economist of Qianhai Open Source, said that from the outside, the Federal Reserve is expected to enter an interest rate cut cycle in 2024, which will enhance the investment attractiveness of RMB assets, and then support the trend of A-shares.
What happened during the 9 days of the market break?
For the "good start" of the Year of the Dragon, the market mostly evaluates it as "expected". Putting aside the empirical analysis that "the 'good start' accounted for the majority after the holiday in the past ten years", looking back at the previous 9 days when the A-share market was closed for holidays, there was enough positive information to support investors' optimism.
For example, the performance of the external market. Judging from past data, during the Spring Festival holiday, the performance of the external market often affects the opening of A-shares after the holiday**.
On February 14, Hong Kong stocks took the lead in opening. As of the 16th, the Hang Seng Index has 3 trading days**377%；The Nikkei 225 index next door also performed well, with a cumulative increase of more than 4% during the Spring Festival holiday, approaching an all-time high.
In the process of market sentiment rebounding, the performance of the overseas trading index, which benchmarks Chinese assets, is "hot and hot". From the 12th to the 15th, the Nasdaq China Golden Dragon Index rose by 373%。On the 16th, the FTSE A50 rose 135%, and hit a new high in more than two months.
The external market generally appeared**, especially Hong Kong stocks in the A-share market before the opening of three consecutive trading days**, which played a great role in promoting the good start of the A** market after the holiday. Yang Delong said.
Source: Visual China has shifted its attention to China, and the successive positive economic data has also supported investor confidence.
On February 9, central bank data showed that the scale of new social finance and RMB loans hit a new high in January, at 65 trillion yuan and 506.1 billion yuan, slightly higher than market expectations; During the holidays, the growth rate of online UnionPay payments for catering, accommodation, and tourism exceeded 20%. The industry generally believes that the higher data on travel and service consumption has laid the foundation for economic development at the beginning of the year, and has also brought a lot of expectations to investors in the Year of the Dragon.
On the whole, the financial data in January achieved a 'good start', especially on the basis of last year's high base, and the structure has also improved to a certain extent, which is generally conducive to the recovery of risk appetite. The monetary policy easing window is still in place, and interest rate cuts are still possible. Donghai ** Liu Sijia analyzed.
Which Zhejiang enterprises are doing well?
Taking advantage of the rising trend, listed Zhejiang enterprises are also doing well.
On the same day, a total of 653 Zhejiang enterprises achieved stock prices, accounting for more than 9 percent. From the perspective of industry, it is mostly distributed in the fields of machinery and equipment, basic chemicals, automobiles, power equipment and light industry manufacturing. **In terms of Guomai Culture, Zhongwei Electronics, Zhaolong Interconnection, Borche Technology, Hangzhou High-tech, Zhengyuan Wisdom and other outstanding performances.
There are many Zhejiang enterprises that have touched the price limit. For example, Weixing Intelligence located in Gongshu, Hangzhou. According to public information, the company focuses on providing intelligent IoT digital solutions for public utilities such as gas and water, focusing on products such as metering terminals and energy management system platforms. In the first three quarters of 2023, the company achieved operating income of 97.7 billion yuan, a year-on-year increase of 3821%。
In the past 4 trading days, Shentong Technology, a popular stock of auto parts concepts, has also ushered in recovery. In January this year, the traditional auto parts company issued an announcement on the change of industrial and commercial registration, saying that it would add electronic optics and other businesses, and focus on lidar, millimeter-wave radar and other products. The person in charge of the company said that he hoped to further open up the space for performance growth by accelerating the upgrade.
Source: Visual China It is worth mentioning that during the Spring Festival, the Wensheng ** model Sora, which was swiped by the whole network, detonated AI concept stocks on the first trading day, causing investors to be enthusiastic, including Danghong Technology, Arcsoft Technology and other listed Zhejiang companies.
When Rainbow Technology ushered in the highlight moment, the stock price hit the daily limit. According to public reports, the company's self-developed AIGC toolset has a variety of technologies and functions such as Wensheng diagram, Tusheng**, Wensheng**, etc. On the 19th, the secretary of the board of directors of the company told ** that the company is developing other multimodal systems related to AI, which are currently being optimized and debugged.
ArcSoft has attracted attention with concrete actions. Soon after the opening of the market on the 19th, the company announced that its core large model technology engine can support the automatic generation function of commercial **. According to the official introduction, the technical architecture of the large model** is similar to that of OpenAI Sora, which can generate dynamic commercial auctions that can better show the true appearance of the product**. Affected by the announcement, as of the same day, Arcsoft Technology rose 1878%
Can A-shares in the Year of the Dragon "rain over the sun"?
Coupled with the performance of the first three days, A-shares have risen sharply for four consecutive trading days, with the three major stocks rising by more than 1% per day, and the turnover of the two cities is close to one trillion yuan. Under the pattern of general rise in the periphery, can A-shares in the Year of the Dragon achieve a year-round rally?
At present, the signal that the market is back to the long window is relatively clear. Caitong ** analysts Li Meicen and Zhang Risheng believe that the policy of caring for the economy and the capital market is being strengthened in an all-round way, the macro environment at home and abroad has stabilized, the liquidity crisis has been resolved, and the downside risk of the market is relatively limited.
Yang Delong said that from the perspective of the whole year, the capital market is expected to gradually reverse the trend of the Year of the Rabbit, and get out of the structural bull market in the Year of the Dragon, and the valuation repair of high-quality leading stocks is the main investment line of the Year of the Dragon.
At the same time, the research team of Caitong ** said that new quality productivity is expected to become the keyword of the two sessions in March this year, and the next step may be to support and cultivate a number of benchmark enterprises through greater industrial policies.
The Year of the Dragon has kicked off, and the first day of the opening has also brought good signs, investors should seize the opportunity to lay out some high-quality or high-quality ** that have been mistakenly killed, and play a beautiful turnaround battle in the Year of the Dragon to achieve a better return on investment. Yang Delong said.
*Please indicate the source".