A-share market opening quick report | Is the A-share market opening significantly rising a trap for long positions or a true rebound? CPO concept becomes active again.
On the morning of April 3, the Asia-Pacific markets generally rebounded, and the three major indexes of A-shares also opened higher collectively. However, the Shanghai Composite Index subsequently turned lower. As of 9:46 am, the Shanghai Composite Index fell by 0.25%, the Shenzhen Component Index rose by 0.07%, and the Growth Enterprise Index rose by 0.29%.
Investors continue to focus on the situation in the Middle East. US President Trump has stated that the war with Iran will continue, eliminating market expectations for a quick end to the war and causing oil prices to soar.
On the morning of April 3, the Asia-Pacific markets generally rebounded, with the three major A-share indexes opening higher, but the Shanghai Composite Index later turned lower. As of 9:46 am, the Shanghai Composite Index fell by 0.25%, the Shenzhen Component Index rose by 0.07%, and the ChiNext Index rose by 0.29%.
On the market, the CPO concept was active again, with OCS leading the way and Wuxi Taclink Optoelectronics Technology rising by more than 10%. The cross-border payment concept was active at the opening, with CNPC Capital and Beijing Cuiwei Tower both hitting their daily limit. The shipping concept saw volatile gains, with COSCO SHIPPING Development approaching its daily limit.
Looking ahead, Guotai Haitong's chief strategy analyst Fang Yi believes that after the market adjustment, it is important to not panic and that the Chinese stock market is at a crucial bottom and inflection point. Market adjustments are actually opportunities, so active investment is recommended. In terms of industry comparison, finance and stability remain the top choices, with optimism towards Chinese technology manufacturing and stable domestic demand.
Reminder: Due to Good Friday, Qingming Festival, and Easter holidays, the Hong Kong stock market will be closed for five days starting from April 3.
Popular Sectors:
1. The CPO concept is active again, with OCS leading the way and companies like Wuxi Taclink Optoelectronics Technology seeing significant increases.
2. The cross-border payment concept is active, with companies like CNPC Capital and Beijing Cuiwei Tower hitting their daily limit.
Institutional Views:
Guotai Haitong: Market adjustments are opportunities, recommend active investment.
Huatai: Dividends still have bottom-level value.
CITIC SEC: The innovative pharmaceutical industry is entering a period of intense data catalysis, focus on key areas.
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