doubledoublebonus| Kweichow Moutai: Its status as the "No. 1 Brother" in market value has regained, with the Shanghai Stock Exchange 50 leading the performance

Newsletter summary

Sentiment in the A-share market improved this weekDoubledoublebonusThe style of the market is leading, and the value of Guizhou Moutai surpasses that of China Mobile. The Fed is expected to cut interest rates ahead of schedule, and global stock markets closed higher, focusing on important economic data at home and abroad. Risk tips include economic fluctuations and policy risks.

Text of news flash

[the A-share market rose generally this week, and the performance of large and medium-sized stocks was strong] the overall market showed an upward trend this week, with medium-and large-cap stocks outperforming small-cap stocks. In the Shanghai marketDoubledoublebonusSupported by heavyweights, the Shanghai Composite Index successfully rose above 3163, its highest level since September last year.

Following the general rise of the Kechuang 50 index, the weekly performance of the Shanghai 50 index and the CSI 500 index is among the top, while the CSI 1000 and the gem index are relatively weak.

Driven by themes such as low-altitude economy and AI, the cumulative increase of the early TMT plate is obvious, and it is currently experiencing the adjustment of the structure of capital chips. At the same time, cyclical, pharmaceutical industry and financial real estate sector have attracted market attention due to the recent positive real estate policies, synthetic biology and cellular immunity and other catalytic factors.

Although market sentiment cooled slightly, the average daily turnover during the week was still as high as 954 billion yuan, which remained at a high level. Against the backdrop of a weaker US dollar, northbound funds achieved a net inflow of 4.8 billion yuan this week, showing a net inflow trend for two consecutive weeks.

[the A-share market ushered in multiple positive resonances] affected by the weakening of US economic data and the cooling of the job market in April, the Fed expected to cut interest rates ahead of schedule, and the increase in risk appetite in the peripheral markets brought a positive catalytic effect on A-shares.

On the domestic side, after the Politburo meeting stressed the tone of steady growth, equipment upgrading and trade-in policy landed, coupled with the relaxation of purchase restrictions in Hangzhou, Xi'an and other places, the economy is expected to rise steadily. Under the improvement of market sentiment, the "core assets" represented by economic inflection points and low valuations stood out. Guizhou Moutai's share price surpassed China Mobile this week and returned to the top of the market capitalization list.

More than 80% of the industries rose this week, especially in agriculture, forestry, animal husbandry and fishing, national defense military industry and building materials industry. The agriculture, forestry, animal husbandry and fishing industry has benefited from the catalysis of the "biological manufacturing plus" policy, and the national defense military industry and building materials industry have also been outstanding under the support of relaxed purchase restrictions in Hangzhou, Xi'an and other places.

In the field of biological manufacturing, Academician Tan of the Chinese Academy of Engineering said that led by the National Development and Reform Commission, departments such as the Ministry of Industry and Information Technology and the Ministry of Science and Technology are jointly formulating a national action plan for biotechnology and biological manufacturing, which is expected to be released in the near future.

[economic data to focus on the next two weeks] in the next two weeks, the domestic market will focus on the February unofficial services PMI released on March 5 and the February CPI and PPI data released on March 9. In overseas markets, we will look at the February ADP payrolls released on March 6 and the February CPI data released on March 12.

[risk Tip] investors should be on guard against risks such as large macroeconomic fluctuations, industrial policy risks, market volatility exceeding expectations, higher-than-expected inflation and higher-than-expected Fed interest rate increases.