A-share opening express | Growth Enterprise Market Index rose by 2.29% with strong performance in the semiconductor sector.

On March 10th, the three major A-share indexes opened higher, with the Shanghai Composite Index up 0.05% and the Growth Enterprise Market Index up 2.29%. In terms of market performance, the semiconductor sector was strong, with Verisilicon Microelectronics (Shanghai) Co., Ltd. up over 5% and Hygon Information Technology up nearly 4%; while sectors such as oil, gas, coal, and chemicals saw declines. Institutional Outlook Shenwan Hongyuan Group: Changes in the external market are one of the core factors driving recent volatility in A-shares Shenwan Hongyuan Group believes that changes in the external market are one of the core factors driving recent volatility in A-shares. The recent stagnation in oil shipments through the Hormuz Strait has led to an increase in oil prices, causing upward pressure on inflation expectations and increased market uncertainty. This uncertainty, coupled with "HALO trading," has led to a general decline in global risk appetite. Looking at the medium to long term, there are still many variables at play, but the clues reflected in short-term asset prices are relatively singular. This means that the short-term adjustment trend is brewing with the forces of wrong killings and overselling. Cai Xin Securities: With multiple factors at play, the current trend of volatile upward movement in A-shares is likely to continue Cai Xin Securities states that the external situation is the main reason for increased volatility in the A-share market, and the impact of the recent external situation is expected to continue. Uncertainties in the Middle East conflict and US tariff trends are significant, especially as the Middle East conflict has caused a significant increase in oil prices, affecting the global economy and asset prices. Meanwhile, recent fluctuations in US stock indices, a peak and subsequent decline in Japanese and Korean stock markets, and sustained weakness in the Hong Kong stock market are also tempering sentiment in A-shares. They further indicate that in the medium term, factors driving the current trend of volatile upward movement in A-shares include continued capital inflows from household savings, improvements in listed company performance through "anti-inner circle" measures, and a new round of technological revolution. Orient: The "geopolitical conflict trading" trend is expected to fade, focus should be on industries with high first-quarter earnings certainty Orient believes that from the weekend to pre-market trading, the continuously surging oil and gas extraction and services sector opened higher but continued to decline, while the port shipping sector, which had weakened in the second half of last week, showed signs of recovery. At the same time, the communication services sector opened lower but rallied, and sectors such as photovoltaics, wind power, and software turned positive in the afternoon, with positive catalysts for the electric power infrastructure (electricity synergy) and the "small lobster" (OpenClaw) concepts still active. This indicates that the "geopolitical conflict trading" trend in the market is expected to gradually fade, and market funds are seeking new trading directions. Specifically, focus should be on industries with high first-quarter earnings certainty, such as the AI industry chain, electric power equipment, and high-end manufacturing. This article is reprinted from "Tencent Self-selected Stocks", edited by GMTEight: Xu Wenqiang.