A shares closing review | Index hits bottom and rebounds, trading volume decreases significantly, chip stocks rebound in the afternoon.

On March 10th, the market hit a bottom and rebounded, with the three major indexes closing slightly lower. The total trading volume for the day exceeded 1.5 trillion, a decrease of over 300 billion from the previous trading day. At the close, the Shanghai Composite Index fell by 0.19%, the Shenzhen Component Index fell by 0.17%, and the Growth Enterprise Index fell by 0.25%. These news items may have an impact on the market: 1. Huawei officially formed a medical health legion, focusing on building an AI-assisted diagnostic solution system to promote the application of medical large models in clinical scenarios. 2. News of rising prices for minor metals, as of March 8th, the average price of 99.65% pure antimony ingot exceeded 170,000 yuan per ton, an increase of 5,000 yuan per ton from the previous quotation day. 3. Siasun Robot&Automation race news is intensive: the Siasun Robot&Automation Innovation Center and Huawei have conducted cooperation and exchange in the field of intelligent space; Smart Siasun Robot&Automation launched the first universal intelligent base large model GO-1; China Institute of Communications has initiated the compilation of a humanoid Siasun Robot&Automation application scenario graph. In terms of the market, semiconductor and chip stocks rebounded in the afternoon, with Cambrian temporarily rising by over 5%; the AI medical concept was strong throughout the day, driving pharmaceutical stocks collectively stronger, with B-Soft Co., Ltd. up by 20% and Everjoy Health Group and others hitting the limit; minor metals and other colored concepts were active repeatedly, with Yunnan Luoping Zinc&Electricity, Beijing GeoEnviron Engineering & Technology, Inc. hitting the limit; in addition, Siasun Robot&Automation, cultivated diamonds, and photovoltaics all showed performance during the trading day. On the downside, major financial, consumer electronics, and gaming sectors led the decline. Looking ahead, Founder pointed out that overall, the attractiveness of Chinese assets is expected to continue to increase, driving the A-share market to continue its positive momentum. Hot sectors: 1. Strong performance in the AI medical concept Stocks in the AI medical concept were strong, with B-Soft Co., Ltd. hitting the limit, and Everjoy Health Group, Guomai Technologies, Inc., Thalys Medical Technology Group Corporation, Shanghai Runda Medical Technology, Whole Shine Medical Technology, and others hitting the limit. Review: In terms of news, Huawei has officially formed a medical health legion, focusing on building an AI-assisted diagnostic solution system to promote the application of large medical models in clinical scenarios. Soochow's research report stated that by 2030, the AI medical market in China is expected to exceed 150 billion yuan, with significant growth in segments such as AI imaging, surgery Siasun Robot&Automation, among others. 2. Active minor metals concept Stocks in the minor metals concept were active, with Beijing GeoEnviron Engineering & Technology, Inc., and Yunnan Luoping Zinc&Electricity hitting the limit, while China Tungsten and Hightech Materials, Zhuzhou Smelter Group, Zhejiang Huayou Cobalt, Tibet Huayu Mining, and others followed suit. Review: In terms of news, recent news of price increases in cobalt, strontium, and other minor metals have been frequent. According to the Rare Metal Branch and China Union Gold data, by March 8th, the price of bismuth in the near future in China had risen by nearly 15,000 yuan per ton, and the price in the far future had risen by nearly 16,000 yuan per ton; the average price of 99.65% pure antimony ingot exceeded 170,000 yuan per ton, an increase of 5,000 yuan per ton from the previous quotation day. 3. Cultivated diamond sector rises Stocks in the cultivated diamond concept surged, with Inno Laser Technology, Henan Huanghe Whirlwind, and Sinomach Precision Industry Group hitting the limit, and HFZS, Henan Liliang Diamond, and others rising. Review: Huaan believes that with technological development and market demand growth, the prospects for the cultivated diamond industry will continue to be positive, especially in the applications of high-end manufacturing, semiconductors, quantum computing, and environmental protection, the market will continue to expand. Institutional views: 1. Industrial: How will the revaluation of Chinese assets spread? Industrial points out that looking ahead, after the adjustment of the technology sector led by AI, the pressure of crowding in certain directions has been alleviated. In the short term, the AI market is expected to be active again, continuing to digest and consolidate internally. As the market enters the traditional windows of fundamental and policy factors effectiveness in March and April, against the backdrop of positive macro policies and the accelerated implementation of various easing measures, the revaluation of Chinese assets is expected to further spread towards the low positions benefiting from policy support and marginal improvements in the economy. 2. Founder: Outlook for the Spring Market Founder pointed out that looking ahead, overall, the attractiveness of Chinese assets is expected to continue to increase, driving the A-share market to continue to move forward positively. The equity risk premium ERP shows that the price-performance ratio of equity assets is relatively high. Structurally, technology growth is dominant or the main structural feature of the medium-term market, but it is also noted that the current market valuation differentiation is already high, and at the same time, the dividend yield minus the interest rate differential of the dividend index has reached a new high in recent years, suggesting that in the short term, opportunities for value growth rebalancing should be considered. 3. Shenwan Hongyuan Group:Based on the foundation of a strong structure, we are ready to be outstanding in all aspects.Shenwan Hongyuan Group pointed out that the domestic AI computing power performance is releasing support for the market, and the explosive domestic AI applications are still in the brewing stage, with the follow-up realization being inevitable. The resonance of industrial trends and policy support has formed. The macro environment is neutral, with sufficient reserves for stable growth policies, and risks of downward pressure are all being addressed. Loose macro liquidity is the direction, and the structural bull market interpretation is the foundation. The conditions for a comprehensive bull market are becoming ripe, but there are still some deficiencies. This article is reprinted from "Tencent selection of stocks", GMTEight editor: Jiang Yuanhua.