Yesterday, the Shanghai Stock Exchange saw a mix of ups and downs as A-shares fluctuated throughout the day. At one point, the Shanghai Composite Index reached 3,100 points before closing at 3074.22 points, a 0.09% increase. On the other hand, the Shenzhen Component Index fell 0.05% to close at 9376.81 points, and the GEM Index fell 0.55% to close at 1787.49 points. The total transaction volume in the Shanghai and Shenzhen stock markets also saw an increase, reaching 949.6 billion yuan.
The market was dominated by the high-dividend style, with the banking sector, in particular, attracting funds. Major financial stocks continued to strengthen, with China CITIC Bank rising by over 9% and Agricultural Bank of China and Bank of China hitting record highs. In the insurance sector, China Pacific Insurance and China Life also saw increases of more than 3%.
Analysts believe that high-dividend stocks will continue to be a popular choice for low-risk-appetite funds, with a focus on both large state-owned banks and smaller banks with strong fundamentals. The banking sector has shown relative returns compared to the overall market, and the stability of profitability is expected to be reflected in the long term.
In addition to the financial sector, low-altitude economic concept stocks were also active, with many reaching their daily limit. The low-altitude economy has been supported by frequent policy developments and advancements in new aircraft technology. It is expected to see rapid development in the coming years, driven by infrastructure construction and favorable government policies.
Looking ahead to the second quarter, institutions are recommending investors to focus on high-dividend strategies in the A-share market. With various factors supporting high-dividend assets, including improved profitability stability and increased dividend ratios, this investment strategy is gaining traction among investors. The market is expected to show a volatile upward trend, with high dividends and growth styles being favored by investors.