A-share market closing review | Three major indexes collectively rise, multiple positive catalysts! Agricultural sector rising

Today, the market rebounded on shrinking volume, with all three major indexes rising collectively by the close. Themes rapidly rotated, and sectors such as innovative pharmaceuticals and agriculture saw strong rebounds. The market had a total turnover of 2.2 trillion, nearly 200 billion less than the previous trading day, with over 4200 stocks in the two markets rising. In terms of sectors, the agriculture sector performed strongly, with stocks like Gansu Dunhuang Seed Group hitting the limit up. In terms of news, the 2026 government work report proposed a grain output of around 1.4 trillion catties; the draft outline of the "15th Five-Year Plan" announced 20 major indicators, with 2 indicators related to ensuring the safety of grain and energy production capacity. Rising oil prices and escalating geopolitical tensions have exacerbated the tight supply of fertilizers, directly pushing up the production costs of fertilizers and pesticides, further transmitting to the prices of companies like Shenzhen Agricultural Power Group. The concept of innovative pharmaceuticals showed strength, with stocks like Yuhong Medicine hitting the 20% limit up, and stocks like Shanghai Yizhong Pharmaceutical following suit. In terms of news, the biopharmaceutical industry was explicitly included in the national-level "emerging pillar industries" in this year's government work report, alongside industries such as integrated circuits, aerospace, and low-altitude economy. This is the first time that the government work report has put forward the development of the biopharmaceutical industry as a pillar industry, releasing an important policy signal to accelerate industry upgrading. The electric grid equipment concept continued to show strength, with Guangdong Shunna Electric hitting the daily limit up for three consecutive days. In terms of news, seven major U.S. tech giants signed commitments to self-sufficient power supply. According to the International Energy Agency's previous forecasts, by 2030, global data center electricity demand will more than double, reaching around 945 terawatt-hours. Looking at individual stocks, there were 4260 gainers in the two markets, with 1154 decliners and 74 unchanged. There were 87 limit-up stocks and 5 limit-down stocks. By the close, the Shanghai Composite Index rose by 0.38% to 4124.19 points, with a turnover of 978.8 billion; the Shenzhen Component Index rose by 0.59% to 14172.63 points, with a turnover of 1206.4 billion. The ChiNext Index rose by 0.38% to 3229.30 points. Fund Flow Today, institutional funds focused on infrastructure construction, automotive parts, photovoltaic equipment, and other sectors. Stocks with the largest net inflows from institutions included GCL System Integration Technology, Chongqing Zonsen Power Machinery, and China Energy Engineering Corporation. Highlights 1. Deputy Chief Justice of the Supreme People's Court Gao Xiaoli: Accelerate the formulation of judicial interpretations on civil compensation for insider trading and market manipulation in the securities market During the National People's Congress, reporters interviewed Deputy Chief Justice of the Supreme People's Court Gao Xiaoli on judicial services to guarantee the high-quality development of the capital market. Gao Xiaoli stated that the Supreme People's Court will expedite the formulation of judicial interpretations on civil compensation for insider trading, market manipulation, etc., aiming to issue them within the year; promptly introduce judicial interpretations on the crime of infringement causing breach of trust against the interests of listed companies, and private equity crimes, unifying judicial standards; implement the requirements of the minutes of meetings on the bankruptcy reorganization of listed companies, standardize the bankruptcy reorganization of listed companies, and enhance the professional level of trials. 2. The 220-ton liquid oxygen methane rocket engine "Blue Flame" completes full-system testing Recently, the 220-ton liquid oxygen methane staged combustion cycle engine "Blue Flame," developed by Blue Arrow Aerospace, completed full-system long-range testing, marking a breakthrough in China's large-thrust, high-performance liquid rocket engine field. Future Market Analysis 1. UBS: Multiple factors resonate, expected to help stabilize A-share market for the long term UBS Securities China stock strategy analyst Meng Lei stated that recently, due to global geopolitical risk disturbances, combined with a retracement in the technology sector, global stock market volatility has increased. However, in the medium term, the resonance of incremental macro policies, accelerated A-share earnings growth, and net inflows of long-term funds into the stock market are expected to help stabilize the A-share market for the long term. In terms of style allocation, investors are advised to balance their investments in value and growth styles in the short term, and over-allocate to growth styles after market sentiment stabilizes. 2. Guotai Fund: The government work report has released positive policy signals, opening up broad development space for the capital market On the morning of March 5th, the Fourth Session of the Fourteenth National People's Congress opened in Beijing. Guotai Fund believes that the government work report has released positive policy signals, opening up broad development space for the capital market. The report clearly proposes deepening comprehensive capital market financing and funding reforms, improving mechanisms for mid-to-long-term funds to enter the market, and increasing the proportion of direct financing and equity financing, further highlighting a strategic focus on the capital market. As the macroeconomic structure continues to optimize and upgrade, the foundation of capital market development will continue to be solidified, with enormous potential for long-term development. 3. CICC: Overseas power supply-demand contradictions are prominent, Chinese companies usher in an accelerated period of going global According to a CICC research report, overseas data centers are facing the dilemma of "difficulty in finding electricity," with wait times in congested regions in Europe and the United States exceeding 7 years. We have observed that grid capacity is determining the flow of funds, with large-scale developers focusing on Northern and Southern Europe, as well as emerging markets, while certain areas in the U.S. and European FLAP-D markets are transitioning from optional to mandatory self-contained power supplies, exploring multiple new power supply solutions simultaneously. With prominent supply-demand contradictions overseas, Chinese companies are ushering in an accelerated period of going global, seizing high-elasticity market opportunities. This article is reproduced from "Tencent Select Stocks", GMTEight Editor: Liu Jiayin.