Opening high and walking high, heavy volume rose, and the net inflow of northbound funds was 12.727 billion yuan.

Driven by the rise in the external markets overnight, the Shanghai and Shenzhen stock markets opened higher on March 30. The strength of real estate stocks drove the two cities to open higher and move higher. Pull up to further promote the two cities rose to expand. In the afternoon, the continued strength of real estate stocks continued to drive the gains of the two cities to expand.

To the close on March 30, the Shanghai Composite Index rose 1.96% to 3266.6 points; the Science and Technology 50 Index rose 3.02% to 1112.52 points; the Shenzhen Component Index rose 3.1% to 12,263.8 points; the ChiNext Index rose 4.02% to 2,696.83 points. Wind statistics show that 3841 companies in the two cities rose, 797 fell, with 110 flat.

On March 30, the total turnover of Shanghai and Shenzhen stock exchanges was 958.4 billion yuan, an increase of 94.4 billion yuan compared with 864 billion yuan in the previous trading day. Among them, the Shanghai market turnover was 413 billion yuan, an increase of 49 billion yuan over the previous trading day’s 364 billion yuan, and the Shenzhen market turnover was 545.4 billion yuan.

A total of 105 stocks in Shanghai and Shenzhen stock markets rose by more than 9%, and 9 stocks fell by more than 9%.

The total net inflow of northbound funds on March 30 was 12.727 billion yuan. Among them, the net inflow of Shanghai Stock Connect was 6.353 billion yuan, and the net inflow of Shenzhen Stock Connect was 6.374 billion yuan.

Real estate stocks strong Hengqiang

In terms of sectors, the real estate stocks affected by the good news continued to strengthen and set off a daily limit, and the special service (300917 ), Nanguo Real Estate (002305), Kuilin Real Estate (600708), Zhongtian Finance (000540), Tianfang Development (600322) and more than 20 stocks have daily limit or more than 10%.

Brokerage stocks rose in the early morning, Hongta Securities (601236), Bank of China Securities (601696) and other daily limit, GF Securities (000776), Ji Ai Technology (300309), Oriental Fortune ( 300059) and so on rose more than 5%.

The major adjustment of coal stocks led the decline in two cities, Yankuang Energy (600188), Haohua Energy (601101), Jinkong Coal Industry (601001) fell more than 4%.

The prefabricated vegetable sector fell, with Shenliang Holdings (000019), Zhangzidao (002069) and Jinjian Rice (600127) down more than 4%.

The index is expected to continue the trend of shock recovery

Guotai Junan believes that the index is expected to continue the trend of shock recovery. The positive situation in Russia and Ukraine boosted market risk appetite. Steady growth expectations have picked up again. Recently, related sectors such as real estate and cement building materials that benefited from the underpinning of economic policies have all experienced obvious structural market conditions.

Therefore, Guotai Junan suggested that, by participating in the structural market appropriately, you can continue to pay attention to the large-cap blue chips and financial stocks with relatively more certain valuation and profitability, as well as stable growth. Related real estate industry chain, building materials, new infrastructure and other sectors. Thematic investment can focus on the digital economy.

CITIC Securities believes that A-shares have returned to a fundamentally driven normal from sentiment-driven, and will enter a critical period of policy force; The stock will also gradually stabilize and enter a medium-term upward channel.

CICC believes that the short-term market may still be repeated, but the more targeted efforts of the “steady growth” policy may also gradually bring about an improvement in fundamental expectations. A stage similar to the sharp decline in the previous period may have ended, and the market may still be in the bottom grinding stage in the short term. Combined with the recent market-adjusted valuation, which has gradually approached the level at the bottom of December 2018 and March 2020, the medium-term market opportunities outweigh the risks. Currently focusing on three directions: 1) Potentially supportive areas for policy efforts, including infrastructure, industry chains related to stable demand for real estate (building materials, construction, home appliances, home furnishing, etc.), brokerage finance, etc.; 2) In 2021, there will be more adjustments and estimates Mid-stream and downstream consumption with low value and bright medium and long-term prospects, choose stocks from the bottom up, including home appliances, light industry and household, automobiles and parts, agriculture, forestry, animal husbandry and fishery, medicine, etc.; 3) Manufacturing growth sectors, including new energy vehicles , new energy and technology hardware semiconductors, etc., the risks have been released, and the turning point is to wait for the marginal mitigation of overseas “inflation” risks.