A-shares open with mixed gains as photovoltaic concept leads the way
The three major A-share indexes had mixed gains on the 11th of March, with the photovoltaic concept leading the gains. The Shanghai Composite Index opened 0.11% lower, the Shenzhen Composite Index opened 0.01% higher, and the ChiNext Index opened 0.54% higher. The market saw sectors like land transfer, petroleum, and supermarket chains among the top gainers. On the other hand, Nvidia Concept, Sora Concept, and CPO Concept were among the top losers.
In the global market, strong non-agricultural data increased expectations for the Federal Reserve to cut interest rates, while the decline in chip stocks like Nvidia dragged down the market. U.S. stocks closed down across the board last Friday, with the Dow Jones Industrial Average falling nearly 70 points. Technology stocks took a hit, with Nvidia experiencing its largest single-day decline since May 2023.
Financial institutions are closely monitoring the market trends. Kaiyuan Securities and CITIC Securities released research reports, emphasizing the need for cautious investment strategies in the current volatile market conditions. They highlighted the importance of structural opportunities and themes related to new quality productivity.
Centaline Securities also emphasized the importance of monitoring changes in policy, funding, and external factors. The stock market is volatile, and investors are advised to exercise caution and avoid making impulsive investment decisions. Remember, investing in the stock market carries risks, so it’s important to do thorough research and seek professional advice before making any investment moves.