A-share market opening express | Three major indexes collectively open higher Shanghai Index hits 10-year high! This sector continues to see large area limit up.

On March 3, the A-share market opened high and continued to rise. The Shanghai Composite Index broke through the January high early in the trading session, reaching a 10-year high and rising over 5.5% year-to-date. At the time of writing, the Shanghai Composite Index had risen by 0.16%, the Shenzhen Component Index by 0.3%, and the ChiNext Index by 1.03%. In terms of market performance, the oil and gas sector continued to open high across the board, with companies like Geo-Jade Petroleum Corporation, Shandong Shengli, Shandong Molong Petroleum Machinery, Shuifa Gas Co., Ltd., Xinjiang Zhundong Petroleum Technology, and Sinopec Oilfield Service Corporation hitting the daily limit up. The port and shipping sector also continued to rise, with China Merchants Energy Shipping hitting a new high, and Nanjing Tanker Corporation experiencing a second consecutive trading day of gains. The photovoltaic and energy storage sectors remained strong, with companies like Shenzhen SOFARSOLAR, SolaX Power Network Technology, and Guangzhou Great Power Energy and Technology rising by over 10%. Companies in the CPO sector also showed strong momentum, with Hui Lyu Ecological Technology Groups experiencing a second consecutive day of gains. Looking ahead, the Industrial Strategy Team led by Zhang Qiyao believes that as geopolitical tensions ease in the coming days and with the policy-intensive period of the annual "two sessions" in China, risk appetite is expected to recover after a short-term impact, and the market will continue to operate in a "domestic-focused" state. In terms of opportunities, Galaxy Securities mentioned that tensions in the international situation and geopolitical conflicts are escalating, which could lead to a medium-term rise in gold prices. In summary, the oil and gas sector continued to see widespread daily limit up movements, while the energy storage sector remained strong. Market analysts have varying opinions on the impact of international geopolitical events on the A-share market, with some emphasizing the importance of focusing on domestic market trends. Furthermore, the escalation of tensions in the international situation could have implications for various sectors, including oil shipping and military defense.