A-share market closing review | A-share market traded narrowly throughout the day, with brokerage stocks rising in the afternoon. The computing power sector also saw a surge.

On March 12th, the A-shares traded narrowly throughout the day with a turnover of 1.68 trillion yuan, compared to the previous trading day's volume of 201.9 billion. By the close, the Shanghai Composite Index fell by 0.23%, the Shenzhen Component Index fell by 0.17%, and the ChiNext Index fell by 0.58%. It is worth noting that, according to Securities China, analysts believe that foreign capital is still gradually increasing its holdings of Chinese assets. Currently, the observed phenomenon is that the funds flowing into Chinese assets mainly come from emerging markets, such as those transfering from the Indian and South Korean stock markets to the Chinese Hong Kong stock market. In terms of market performance, securities stocks surged in the afternoon, with China Galaxy hitting limit up at one point, and the computing power sector also rose. Hubei Radio & Television Information Network hit five consecutive limit up, but stocks like Beijing Topnew Info&Tech and Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology, which are high-end computing power stocks, plummeted sharply at the end of the trading session. The brain-computer interface concept rose, with Innovative Medical Management hitting limit up; 6G concept stocks were strong, with ZTE Corporation rising by more than 8%. In addition, sectors like autonomous driving, data center power, and film and television also showed some performance. On the downside, consumer stocks like liquor saw a pullback, while sectors like engineering machinery and coal saw significant declines. Looking ahead, EB Securities pointed out that the "rise in the east and fall in the west" trend is expected to continue. Chinese assets are likely to continue attracting global funds' attention, and the market is expected to continue its upward trend with some volatility. Popular Sectors: 1. Computing power sector surged The computing power sector surged at one point, with Hubei Radio & Television Information Network hitting five consecutive limit up, and several stocks like Shenzhen Topway Video Communication, Ningxia Building Materials Group, and Jiangsu Lettall Electronic also hit limit up. 2. Brain-computer interface concept rose Brain-computer interface concept stocks rose in the afternoon with Innovative Medical Management hitting limit up and stocks like Beijing Chieftain Control Technology Group and Nanjing Panda Electronics surging. 3. Autonomous driving concept strengthened Stocks related to the autonomous driving concept strengthened, with companies like Ningbo Yong Xin Optics and Shenzhen Deren Electronic hitting limit up. Institutional Views: 1. EB Securities: "Rise in the east and fall in the west" trend expected to continue EB Securities stated that in the context of the sharp decline in the US stock market, the A-shares opened low and then rebounded, demonstrating the market's resilience once again. Chinese assets are likely to continue attracting global funds' attention, and the market is expected to continue its upward trend with some volatility. Direction: AI glasses concept. The China Institute of Information and Communication Research is planning to hold a "AI Glasses Industry Promotion Symposium" at the Zhejiang University Computer Innovation Institute on March 12th. This conference is expected to promote the healthy development of the AI glasses industry and strengthen cooperation between upstream and downstream companies in the industry chain, which may attract market attention again. 2. Orient Securities: Economic expectations are clearly improving, and the Shanghai Composite Index is likely to approach the 3400 points Orient Securities stated that overall, China's economic outlook is clearly improving, and the attractiveness of assets continues to increase. External negative disturbances actually provide the market with an opportunity for proactive adjustment. In the background of technology growth as the main structural feature, the short-term market trend will maintain a volatile upward trend, and the Shanghai Composite Index is likely to approach the 3400 points.