On March 7, the three major indexes collectively adjusted, and as of **, the Shanghai Composite Index fell 041%, the Shenzhen Component Index fell 137%, and the GEM fell 233%, the Science and Technology Innovation 50 Index fell 218%, the Beijing Stock Exchange 50 Index fell 361%。There are more than 1,400 stocks in the two cities, and the turnover of the Shanghai and Shenzhen markets today is 981.7 billion yuan. Northbound funds sold a net of 21 throughout the day4.1 billion, of which the Shanghai Stock Connect is net **10.3 billion yuan, Shenzhen Stock Connect net selling 224.4 billion yuan.
Cyclical stocks strengthened, Tongling Nonferrous Metals (000630.SZ) rose 732%, Northern Copper (000737SZ) rose 473%, Zijin Mining (601899SH) up 373%, a record high.
Hualong ** research report said that it is expected that the global monetary environment will turn from tight to loose in 2024, and the metal industry is expected to take the lead in benefiting from the dual role of supply rigidity and demand recovery of non-ferrous metals. The traditional peak season for the start of manufacturing is expected to drive the seasonal recovery of metal demand, coupled with the gradual development of fiscal and monetary policies, infrastructure investment in the second quarter, the start or construction of the "three major projects" also have a certain boost to metal consumption.
In addition, ** rose first, among them, Sichuan ** (001337SZ) rose 10%, and the west ** (601069SH) rose 947%, Yintai ** (000975SZ) rose 433%。On the news side, the main force of Shanghai Gold broke through 500 yuan, hitting a record high. In addition, five domestic brands of pure gold jewelry** rose to 650 yuan grams.
Huatai believes that factors such as the "spillover effect" of a large amount of capital inflow into alternative assets this year may have contributed to this round of rally. Although the short-term volatility rise contains the most important risks, we maintain optimistic expectations for gold prices in the medium to long term.
High-speed rail concept stocks performed well, and Tieda Technology (872541BJ) rose 2208%, Jindun shares (300411SZ) rose 20%, and Jinyi Industrial (601002SH) rose 10%, and CRRC (601766SH) and so on.
On the news side, on March 5, the 40-day 2024 Railway Spring Festival came to a successful conclusion, and a number of transportation indicators hit the best level in history. The national railway has sent a total of 4 passengers8.4 billion person-times, with an average daily sending of 120890,000 person-times, a year-on-year increase of 39%, an increase of 18 over the same period in 20198%。
In addition, yesterday the country said that with the in-depth promotion of high-quality development, the demand for equipment renewal will continue to expand, and the preliminary estimate is that it is a huge market of more than 5 trillion yuan, of which high-speed rail equipment renewal is included.
On the list of decliners, the previously popular AI mobile phones, MR (mixed reality), CPO concepts, etc. collectively weakened, and Siquan New Materials (301489SZ) fell 1229%, Furong Technology (603327SH) fell 977%, CRO concept, ** medicine, etc. also weakened, Pharmaron (300759SZ) fell 1022%, WuXi AppTec (603259SH) fell 10%, and Gloria (002821SZ) fell 72%。
Recently, the U.S. Senate Homeland Security Committee held a hearing on a proposal for the Biosecurity Act. The bill was passed by an overwhelming margin of 11 votes in favor and 1 against. The news immediately triggered the market's concern about the concept of pharmaceutical outsourcing.
Author: Flying Fish.