In the afternoon, the heavy benefits hit, and the Shanghai and Shenzhen stock markets soared sharply.
Affected by the news of the external market and the new domestic new crown diagnosis and treatment plan overnight, the three major A-share stock indexes collectively opened sharply higher on March 16, and then went out of the trend of shock and fall. In early trading, the Shanghai Stock Exchange hit a new low for adjustment, once approaching the 3,000-point mark. Pulled up by the big financial sector, the Shanghai Stock Exchange closed in the red in the afternoon. In the afternoon, driven by the good news of the current situation at the meeting of the State Council Finance Committee, the two cities surged sharply.
In the news, according to Xinhua News Agency, on March 16, the Financial Stability and Development Committee of the State Council held a special meeting to study the current economic situation and capital market issues. The meeting pointed out that under the current complex situation, the most important thing is to insist that development is the top priority of the party to govern and rejuvenate the country, adhere to economic construction as the center, adhere to deepen reform and expand opening up, adhere to the principles of marketization and the rule of law, and adhere to the “two Unswervingly”, earnestly protect property rights, fully implement the spirit of the Central Economic Work Conference and the deployment of the National “Two Sessions”, coordinate epidemic prevention and control and economic and social development, keep the economy operating within a reasonable range, and maintain the stable operation of the capital market.
By the close of March 16, the Shanghai Composite Index rose 3.48% to 3170.71 points; the Science and Technology 50 Index rose 2.93% to 1125.48 points; the Shenzhen Component Index rose 4.02% to 12,000.96 points; the ChiNext Index rose 5.2% to 2,635.08 points. 
Wind statistics show that 4308 companies in the two cities rose, 384 fell and 41 were flat.
On March 16, the total turnover of Shanghai and Shenzhen stock exchanges was 1,192 billion yuan, an increase of 67.7 billion yuan from 1,124.3 billion yuan in the previous trading day. It exceeded 1 trillion yuan in 2 trading days. Among them, the Shanghai market turnover was 522.3 billion yuan, an increase of 14.1 billion yuan over the previous trading day’s 508.2 billion yuan, and the Shenzhen market turnover was 669.7 billion yuan.
A total of 192 stocks in Shanghai and Shenzhen stock markets rose by more than 9%, and 8 stocks fell by more than 9%.
The volatility of northbound funds increased during the day, with net sales of over 2.3 billion yuan in early trading, and net purchases of nearly 2 billion yuan in the afternoon, and outflow again in late trading. Closed until March 16, with a total net flow of 82 million yuan, and net sales for 8 consecutive days. Among them, the net inflow of Shanghai Stock Connect was 40 million yuan, and the net outflow of Shenzhen Stock Connect was 86 million yuan.
New crown testing sector plummeted, aviation and tourism soared
In the sector, affected by the announcement of the new domestic new crown diagnosis and treatment plan, the new crown antigen detection and The new crown pneumonia detection sector was the top decliner, with Novozymes (688105), Botuo Bio (688767), Aotai Bio (688606), Rejing Bio (688068), Wanfu Bio (300482) and others fell by more than 7%.
Also affected by the announcement of the new domestic new crown diagnosis and treatment plan, the transportation sector led by aviation stocks led the two cities, Debon shares (603056), Air China ( 601111), China Southern Airlines (600029), China Eastern Airlines (600115) and other daily limit.
The tourism sector has risen sharply, with more than 30 stocks including Yunnan Tourism (002059), Caesars Tourism (000796), and Happy Blue Ocean (300528) rising by the daily limit or by more than 10% .
Non-bank financials rose in the morning and led the gains in the afternoon due to major positive news. Jiai Technology (300309), Xiangyi Rongtong (600830), Huaxin Co., Ltd. (600621), Hualin Securities (002945), Bank of China Securities (601696), Xinli Finance (600318), Guosheng Financial Holdings (002670), GF Securities (000776) and other nearly 10 stocks rose by the daily limit or by more than 10%.
The current index point does not need to be overly pessimistic about the market
Guotai Junan believes that the index will stabilize and rebound after the policy is set. The index opened higher in the morning and continued to adjust downwards. It stepped back to 3,023 points in the intraday and bottomed out, and the market ushered in a large-scale rebound in the afternoon. At present, the Finance Committee held a meeting and pointed out that relevant departments should actively introduce policies that are beneficial to the market and prudently introduce contractionary policies. Financial institutions must proceed from the overall situation and firmly support the development of the real economy. Maintain the long-term trend of healthy economic development in China and jointly maintain the stable development of the capital market. In addition, with regard to real estate enterprises, it is necessary to timely research and propose effective and effective response plans to prevent and defuse risks, and propose supporting measures for the transition to a new development model. This will help to further release the unstable factors in the market and accelerate the promotion of the policy of stabilizing growth.implement.
Guotai Junan believes that there is no need to be pessimistic at the current index point. The overall domestic economic data from January to February was slightly better than the market expected. Although real estate is still the main drag, the speed of decline has begun to slow down, and the performance of social zero and industrial added value is exceptionally bright, and the domestic economy is expected to stabilize. . After recent continuous adjustment, the valuation of A-shares is at a low position. From a medium and long-term perspective, the low-valued blue-chip sector will form support for the index. At present, the index point does not need to be overly pessimistic about the market. It is recommended to continue to pay attention to the low and low valuation sectors. At present, the market risk appetite is still at a low level, and it is recommended to continue to focus on low-risk characteristics and good micro-trading structure varieties. Appropriate attention can be paid to the infrastructure industry chain that has developed beyond expectations, including construction, steel, and coal. In addition, during the two sessions, the direction of a number of industries has also been established, and it is recommended to focus on thematic investments such as digital infrastructure.
Huaan Securities believes that in the process of internal policy strengthening and external risk control, market volatility has been amplified, and the allocation should be balanced to respond, looking forward to medium-term investment opportunities. Gradually lay out the third stage of growth. Taken together, the industry configuration continues three main lines and two major themes. Main line 1: The stable growth sector with strong policy certainty is the least constrained by external risks and can be used as a ballast for short-term balanced response. Pay attention to new and old infrastructure fields such as building materials, building decoration, urban pipe network transformation, new power grid construction, as well as real estate and banks where the recent economic reversal has begun. Main line 2: Do a good job in the layout of opportunities for the third stage of medium-term growth to extract the valuation market. First, the growth structure will continue to be strong and strong, and focus on dual carbon, new energy (vehicles), wind and solar storage, and electronic semiconductors. The second is the defense industry and computers that have the potential to benefit from valuation diffusion. Main line 3: In terms of consumption, continue to be optimistic about the overall opportunities in the pharmaceutical sector catalyzed by multiple positives, and focus on opportunities related to dairy products, planting industries and fertilizers with smoother price increases in the medium and long term; in terms of themes, continue to focus on investment opportunities related to the digital economy and the reform of state-owned enterprises.