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On April 13, the three major A-share indices opened lower collectively. After a brief rise in the morning, they fell back, but quickly surged in the afternoon, turning the three major indices into positive territory.
From the market perspective, fiberglass and lithium mining surged, with CPO, newly listed stocks, and optical communication concepts leading the gains. The building materials, basic metals, oil and gas, and aerospace military sectors performed well; however, shipping, insurance, healthcare, and online gaming stocks were sluggish.
By the close, the SSE Composite Index rose by 0.06%, closing at 3988.56 points; the Shenzhen Component Index rose by 0.69%, closing at 14407.86 points; and the ChiNext Index rose by 0.8%, closing at 3476.44 points.
According to Wind statistics, there were a total of 2369 stocks rising and 2958 stocks falling across the two markets and the Beijing Stock Exchange, with 165 stocks remaining flat.
The total trading volume of the two markets was 2.1503 trillion yuan, a decrease of 172.6 billion yuan compared to the previous trading day's 2.3229 trillion yuan. Among them, the Shanghai market had a trading volume of 919.4 billion yuan, down 36.3 billion yuan from the previous day's 955.7 billion yuan, while the Shenzhen market had a trading volume of 1.2309 trillion yuan.
According to Great Wisdom VIP, there were a total of 88 stocks across the two markets and the Beijing Stock Exchange that rose by more than 9%, while 13 stocks fell by more than 9%.
Building materials lead the two markets, shipping stocks lag behind
In terms of sectors, building materials led the two markets, with International Composite Materials (301526), China National Materials (002080), Honghe Technology (603256), and China Jushi (600176) hitting the daily limit or rising over 10%. Changhai Co., Ltd. (300196), Shandong Fiberglass (605006), and Jiuding New Materials (002201) rose over 4%.
Power equipment continued to rise, with Tianhua New Energy (300390), Ananda (603350), Shengyang Co., Ltd. (002580), Great Wall Technology (603897), Huashengchang (002980), and Zhongheng Electric (002364) among nearly 10 stocks hitting the daily limit or rising over 10%.
Real estate stocks were among the top gainers, with Huayuan Holdings (600743), Financial Street (000402), and Tibet Urban Investment (600773) hitting the daily limit, while Wantong Development (600246), Yuehongyuan A (000573), Beichen Industrial (601588), and Dalong Real Estate (600159) rose over 4%.
Shipping stocks lagged behind, with the transportation sector experiencing significant declines. Jilin Expressway (601518), COSCO Shipping Energy (600026), China Merchants Energy Shipping (601872), COSCO Shipping Development (601866), China Merchants Nanyou (601975), and Guangzhou Port (600057) all fell over 3%.
Media stocks performed poorly, with Glacier Network (300533), Kaiying Network (002517), Shandong Publishing (601019), and Inner Mongolia Xinhua (603230) hitting the daily limit or falling over 10%. Giant Network (002558), Wanxin Media (601801), and Xinhua Wenhui (601811) fell over 5%
The pharmaceutical and biotechnology sectors were sluggish throughout the day, with Hualan Biological Engineering (301093) and Tianzhihang (688277) both dropping over 10%. Jinling Pharmaceutical (000919), Tianmu Pharmaceutical (600671), Yibai Pharmaceutical (600594), Borui Pharmaceutical (688166), and Jiuan Medical (002432) all fell more than 7%.
After a period of consolidation, A-shares are expected to rise again
CITIC Construction Investment believes that the market may surpass seasonal trends in April this year, with overall strong performance expected. This is partly because this year's &#34;spring market&#34; started and ended earlier, and since March, the market has clearly seen reduced volume and adjustments, currently in a recovery phase. On the other hand, the current macro environment of economic recovery and rising inflation is expected to validate the expectations of improved corporate earnings in the first quarter, thus the market in April will return to fundamentals, suggesting attention to first-quarter reports and seizing opportunities in thriving industries.
Huaxi Securities believes that as the SSE Index approaches 4000 points, it will gain momentum after repeated consolidation. On the overseas front, the situation in the Middle East remains a major disturbance, but the market has priced in expectations of &#34;repeated negotiations,&#34; which is expected to reduce sensitivity to geopolitical events. Domestically, the economic start in the first quarter is positive, with PMI returning to expansion and PPI turning positive year-on-year, which is expected to drive A-share corporate earnings to recover quarter by quarter, further solidifying the fundamental support for the market. After the SSE Index has basically identified a phase bottom near 3800 points, the short-term A-share market is likely to digest profit-taking pressure through repeated fluctuations, accumulating momentum for future breakthroughs. In the medium term, after consolidation, A-shares are expected to rise again.
Guotai Junan Securities believes that the subsequent developments in the US-Israel-Iran conflict remain a key external variable affecting A-share market risk appetite. The current situation has entered a tug-of-war phase of temporary ceasefire and negotiations, with the navigation status of the Strait of Hormuz and the sustainability of the ceasefire agreement being core anchors affecting global inflation expectations and risk asset pricing. The market may face three potential scenarios: the most optimistic scenario is that the US and Iran reach a peace agreement, navigation in the Strait of Hormuz gradually returns to normal, international oil prices gradually decline, global inflation expectations cool, the Federal Reserve shifts to a loose monetary policy, market risk appetite recovers, and the A-share market may enter a trend upward window; the most pessimistic scenario is that negotiations break down, Iran re-blocks the strait, international oil prices surge rapidly, leading to heightened global &#34;stagflation&#34; concerns, and the A-share market will face significant external pressure again; in a neutral scenario, although no permanent peace agreement is reached, the temporary ceasefire agreement is rolled over, navigation in the Strait of Hormuz sees some recovery, but intermittent disturbances remain, and oil prices will fluctuate above pre-war levels. In this scenario, the A-share market's structural volatility will continue.
CICC points out that April is about to welcome a concentrated disclosure period for first-quarter reports. In conjunction with the first-quarter report performance, the following investment themes are highlighted: the current market is significantly affected by external uncertainties, and grasping the turning point of fundamentals and potential recovery elasticity may be an important investment approach at present. During the earnings disclosure phase, key areas to focus on include: 1) standout sectors in first-quarter reports, such as upstream resource sectors, TMT sectors benefiting from high AI prosperity, export chains, and non-bank financials
2) Economic Growth: The current rapid development of the AI industry continues to support demand growth, focusing on optical communication, which directly benefits from the implementation of AI technology, as well as batteries and energy storage, which benefit from energy security and supply chain security. 3) Cyclical Resource Stocks: Considering the position in the capacity cycle, focus on sub-sectors supported by supply-demand patterns that drive price increases and performance certainty, such as power grids and chemicals. 4) High Dividends: In a phase where market risk appetite has not fully recovered, high dividend sectors have a relative yield advantage, but may show phase-specific and structural performance over the year.
China Merchants Securities stated that subsequent negotiations between the U.S. and Iran may continue to oscillate between contact—stalemate/extreme pressure—re-contact. As the market gradually adapts to the game state of negotiating while preparing and applying pressure while testing, the marginal impact of related events on asset prices will gradually diminish, and overall volatility may be relatively limited. Looking ahead, market focus will shift to sectors with high growth in Q1 earnings, with non-ferrous metals, petrochemicals, new energy, optical communication, and semiconductors expected to benefit

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The three major A-share indices opened lower on April 13 but quickly rebounded, ultimately closing higher collectively. The SSE Composite Index rose 0.06% to 3988.56 points, the Shenzhen Index increased by 0.69% to 14407.86 points, and the ChiNext rose 0.8% to 3476.44 points. The market turnover was 2.1503 trillion yuan, a decrease of 172.6 billion yuan compared to the previous trading day. The building materials sector performed outstandingly, with several stocks hitting the daily limit or rising over 10%. Shipping stocks performed poorly, and the transportation sector had the largest decline

腾讯新闻 - 财经

E Fund CSI 300 ETF Initiating Fund

SSE Index

Shenzhen Index

ChinaAMC China 50 ETF

E Fund Shenzhen 100 ETF

E Fund GEM ETF

ChiNext

Huatai-PB CSI 300 ETF

Huaan SZSE ChiNext Composite 50 ETF

The A-shares opened lower and rose higher, with all three major indices closing up: CPO and optical communication concepts led the gains