Today is another trillion turnover, the three major A-share indexes collectively **, as of **, the Shanghai Composite Index rose 039%, the Shenzhen Component Index rose 112%, the GEM index rose 094%, the Beijing Stock Exchange 50 Index rose 071%。
The turnover of the three markets in Shanghai, Shenzhen and Beijing was 1,065.9 billion yuan, of which 1,055.2 billion yuan was in Shanghai and Shenzhen.
More than 3,500 northbound funds in the two cities sold 533.3 billion yuan.
March is off to a good start, the bull market should not be far away, at present I am basically full, the current market must not be short, hold undervalued high-quality stocks.
First, the February PMI
In February, the composite PMI output index was 509%, the same as the previous month, indicating that the overall production and business activities of Chinese enterprises continued to expand.
The manufacturing production index and the non-manufacturing business activity index, which make up the composite PMI output index, were 498% and 514%。
Manufacturing PMI: The manufacturing purchasing managers' index (PMI) was 49 in February1%, down 01 percentage point.
Non-manufacturing business activity index: In February, the non-manufacturing business activity index was 514%, up 07 percentage points, the pace of non-manufacturing expansion continued to accelerate.
Because February is mainly the Spring Festival holiday, the manufacturing industry is mainly on holiday, and the non-manufacturing industry is more active. On the whole, the production and operation of the enterprise is still good.
If the performance of listed companies in the first and second quarters of this year reverses, and the capital market has a performance bottom, this year is still relatively optimistic.
Second, **Political Meeting: New Energy.
On the afternoon of February 29, the Political Bureau of the Communist Party of China conducted the twelfth collective study on new energy technology and China's energy security.
The main purpose of the meeting was to actively develop clean energy, promote the green and low-carbon transformation of the economy and society, and promote the high-quality development of new energy in China.
Our country has great potential for the development of new energy, and has a large market for wind power, photovoltaic and other resources.
The new energy sector has performed well in the past two days.
Third, the core PCE in the United States in January was in line with expectations.
On the evening of February 29, Beijing time, the core PCE price index, the Fed's favorite inflation indicator, was announced. According to the data, the year-on-year growth rate of the core PCE price index fell back to 2 in January 20248%, up from 2 in the previous month9% decreased slightly, in line with market expectations and the smallest increase since March 2021; But month-on-month from 02%** to 04%, in line with the expected 04%, the largest increase since April 2023.
When U.S. inflation falls, the expectation of interest rate cuts is closer, which will be more promising for foreign capital inflows into A-shares.
Fourth, Apple gave up a decade of building cars.
Apple is a great company, after all, Apple has been making cars for ten years, and now it is embarrassing to publicize the abandonment of making cars.
The bigwigs in the technology circle have expressed their feelings, Musk, Jia Yueting, Li Xiang, Lei Jun and so on.
However, many people complained about Jia Yueting, who only delivered 10 FF91s by building his own car, and still brushed his sense of existence.
On February 29, Jia Yueting said in "Cook is not Jobs after all, Apple gave up making a car is a big mistake" posted on Weibo: "I am actually very disappointed that Apple has decided to give up the car building project that has been invested for ten years. "Cook is not Jobs after all, and it was a big mistake for Apple to give up building cars. ”
Apple is such a big company, and it took ten years to build a car, it was so abandoned, it must have been carefully considered, indicating that the competition in the new energy vehicle industry is too fierce, it is difficult to make products that exceed the market level, Apple's products are high gross profit margins, if the new energy vehicles are not particularly outstanding, it is difficult to achieve high gross profit margins, timely stop loss, it is also a good choice.
Fifth, Pien Tze Huang is expected to have a year-on-year increase in net profit of no less than 25% in the first quarter
Pien Tze Huang announced the performance forecast for the first quarter of 2024, which is off to a good start, and after the company's preliminary accounting, it is expected that in the first quarter of 2024, the company can achieve a year-on-year increase in net profit attributable to shareholders of listed companies of no less than 25%.
Pien Tze Huang is a really good company, with excellent fundamentals, the main problem is that it has fallen for so long, and the valuation is still too expensive.
Sixth, George Bai's second shareholder's daughter ** transaction.
On February 29, the Shenzhen Stock Exchange issued a regulatory letter to Qian Shaozhi, the second shareholder of George Bai, and Fu Yi, the daughter of Qian Shaozhi, the second shareholder of George Bai, sold a total of 99,800 shares of the company on September 4, 2023, September 6, 2023, and January 17, 2024, with a transaction amount of 537648 yuan; On January 23, 2024, **company**66,500 shares, with a turnover of 318535 yuan.
* and the interval between the selling behavior is less than six months, which constitutes a **transaction, and the **transaction gains 4890,000 yuan, which has been transferred to the company's designated bank account.
Seventh, the market rumors that Ant Group acquired Founder**.
Founder** has a daily limit today, because there are market rumors that Ant Group is going to buy Founder** from Ping An of China, and some people have verified that the rumors are untrue.