A-shares Shine on First Trading Day of Second Quarter
On April 1, the A-share market kicked off the second quarter with a strong performance. The Shanghai Composite Index rose by over 1%, the GEM Index surged by nearly 3%, and more than 4,600 stocks saw gains. Trading volume exceeded 1 trillion yuan, signaling renewed investor confidence in the market.
All three major indexes saw a boost on the first day of trading in the second quarter. The Shanghai stock market trading volume reached 420.902 billion yuan, while the Shenzhen stock market trading volume hit 578.434 billion yuan. The Shanghai Composite Index rose by 1.19% to 3,077.38 points, the Shenzhen Component Index climbed 2.62% to 9,647.07 points, and the ChiNext Index jumped 2.97% to 1,872.12 points. The total market value of A-shares increased by 1.27 trillion yuan in a single day.
Theme stocks were standout performers, with sectors like display panels, cobalt mines, and photovoltaic inverters experiencing significant gains. Meanwhile, industries such as media, automobiles, and power equipment led the charge in terms of percentage increase.
Market analysts are optimistic about the continued recovery of the A-share market. Chen Jiande, general manager of Tianlang Assets, noted that the market’s bullish sentiment is on the rise, and transactions are becoming more active. It is expected that the market will maintain its upward trajectory in the near future.
Looking ahead, Qin Peijing, chief strategist of CITIC Securities, expects the A-share market to continue its upward trend in April. Supported by strong policy guidance, financial report disclosures, and low interest rates, the market is likely to see a dominant dividend strategy within a barbell structure. Li Qiusuo, chief analyst of domestic strategy at CICC Research Department, also believes that recent improvements in macroeconomic data and ongoing capital market reforms will fuel the market’s recovery.
Despite potential short-term fluctuations, experts anticipate that the A-share market will continue on its path of growth, with limited downside risks. As investors remain cautiously optimistic, the market is poised for further gains in the coming months.
(Editor: Guan Jing)