CSI 300 up 1.59%
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This week, the A-share market is in an attempt to rebound, with cautious optimism returning to investor sentiment. The SSE Index(000001) rose by 1.39% for the week, closing at 3419.56 points, still 6.94% away from its one-year high. The CSI 300(000300) increased by 1.59%, closing at 4006.56 points, also failing to surpass its previous peak, with the current price being 9.97% lower than its one-year high. Trading volume has slightly increased compared to last week, but overall momentum has yet to break through. The Shenzhen Index(399001) and ChiNext(399006) rose by 1.24% and 0.97%, respectively, with the smaller gain of the ChiNext Index reflecting a cautious attitude towards growth stocks.
In overseas markets, U.S. stocks experienced significant corrections this week, with the Nasdaq Composite(0NDQC) down by –4.91% and the S & P 500 Index(0S&P5) down by -4.31%. Rising risk aversion has put pressure on tech and growth stocks. Recently, the annual rate of unadjusted CPI for February in the U.S. was reported at 2.8%, lower than the expected 2.9%, indicating some easing of inflation, though the direction of the Federal Reserve’s monetary policy remains unclear. Additionally, the EIA crude oil inventory for the week ending March 7th was below expectations, suggesting weak demand. In the Hong Kong market, the Hang Seng Index(HSI) fell by -1.12% this week, closing at 23959.98 points, still 2.88% away from its one-year high. The inflow of funds into the Hong Kong stock market has slowed, with a strong sense of waiting among investors.
From a policy perspective, the central bank recently indicated that it would cut reserve requirements and interest rates as appropriate, with the market generally expecting further implementation of monetary easing policies by the end of the first quarter or early in the second quarter. Moreover, emphasis in the government work report on continuing to promote economic recovery provides policy support for the A-share market.
Regarding sector performance, the top three O’Neil sectors with the highest gains this week were Retail/Whlsle-Bldg Prds(G5211IG.CN) with a weekly gain of 10.56%, Retail/Whlsle-Jewelry(G5971IG.CN)with 9.08%, and Food-Dairy Products(G2020IG.CN) with 7.21%. Against the backdrop of continued policy support for the consumer sector, related industries continue their upward trend.
The average change in the TOP33 this week was -1.75%, with 22 stocks rising and 11 falling. Guangxi Huaxi Nonferrous Metal(600301)stood out, rising by 12.82% this week. The company specializes in non-ferrous metal exploration, mining, and ore processing, with an EPS Rating as high as 99, demonstrating strong profitability, while its RS Rating of 86 indicates a stronger stock price performance compared to the market. Despite a relatively average industry ranking (101), investors are paying close attention under the current market conditions.
Overall, the A-share market showed a steady performance this week, with indices maintaining an upward trend, but trading volumes have not significantly increased, indicating that funds remain on the sidelines. In terms of sectors, technology and security areas are favored by the market, while fluctuations in overseas markets may bring short-term emotional disturbances. Subsequent focus should be on the implementation of macroeconomic policies and the impact of global market trends on A-shares.
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published on March 14, 2025