March 4 saw an overall rise in the three major A-share indexes, with the Shanghai Stock Exchange Index increasing by 0.41%, the Shenzhen Component Index rising by 0.04%, and the ChiNext Index climbing by 0.59%. Despite the positive momentum in the market, data from Wind indicates that more than 3,100 stocks experienced a decline.
Various sectors exhibited mixed performances during the day. Sectors such as liquid-cooled servers, precious metals, medical services, assisted reproduction, and computing power leasing saw gains, while sectors like automobiles, real estate, integrated die-casting, and securities recorded losses. Liquid-cooled server concept stocks saw a surge, with companies like Qiangrui Technology and Sichuan Run Co., Ltd. hitting their daily limits.
In terms of capital flows, northbound funds sold a net 7.061 billion yuan, with significant outflows from the Shanghai and Shenzhen Stock Connect programs. Main funds continued to flow into sectors like pharmaceutical and biological, public utilities, and petroleum and petrochemicals, while there were net outflows from sectors such as non-bank finance, computers, and food and beverages.
From an institutional perspective, Guosheng Securities believes that the market sentiment has stabilized as capital has entered significantly. They suggest focusing on sectors like artificial intelligence, semiconductors, and new energy for potential long-term investments. Everbright Securities notes that the market may see structural market conditions and hot spot rotation going forward, with a focus on new productivity-related developments. China Galaxy Securities recommends focusing on low-cost non-oil route core assets and high-dividend oil and gas exploration targets in the petrochemical industry.
Overall, the market outlook appears to be entering a period of normal oscillation, with investors keen on identifying potential hot spots and investment opportunities amidst the changing market dynamics. (Source: China Business News)