The Securities Times reports that the China International Capital Corporation (CICC) has highlighted the improving economic fundamentals as the focus of the short-term market. The latest data shows better export numbers in January and February, along with an unexpected improvement in the Consumer Price Index (CPI) in February, which is boosting confidence in the market. While second-hand housing transactions have increased month-on-month, there is still a year-on-year decline in social financing and credit data for February, indicating a need for improved financing demand.
Industry experts at China Merchants Securities predict a shift in funds heading northward, with net inflows expected after the holidays. The growth style of the stock market is expected to receive a boost, especially in technology, media, and telecommunications (TMT) sectors. Weak social financing data may impact market sentiment, but policies supporting financing demand are expected to provide gradual support.
Huatai Securities has noted that the market is gearing up for a recovery, with a focus on low-level performance and new theme rotations. Market fluctuations may occur in the short term, with a potential shift towards new themes and sector rotations. The CSI 300 mid-to-low performance stocks are recommended for allocation, with a medium-term focus on dividend sinking and deep value-based industries.
In conclusion, it is important to note that the information provided is for reference only and does not constitute investment advice. Readers are advised to conduct their own research and make decisions at their own risk. Stay updated on the latest market trends by downloading the official Securities Times app or following their official WeChat account.