A-share market opening express | Shanghai Composite Index fell by 0.01%, with strength in the oil and chemical sectors.

On March 12th, the three main stock indexes of A-shares opened with mixed movements, with the Shanghai Composite Index down 0.01% and the ChiNext Index up 0.22%. In terms of market performance, the petroleum and chemical sectors showed strength, with Geo-Jade Petroleum Corporation rising by more than 3% and Jilin Chemical Fibre Stock hitting the limit up. Precious metals and communication equipment sectors saw the biggest declines. Institutional Views: Orient: A-share technical consolidation demands are strong, opportunities in the AI era power system transformation are worth paying attention to. Orient believes that the development trend of AI is stimulating demand for green electricity. Various government departments have successively issued multiple policy documents proposing innovative power-sharing mechanisms, increasing the proportion of renewable energy in data centers, and catalyzing green electricity demand. Therefore, the investment opportunities brought by the power system transformation in the AI era are worth investors' attention. EB SECURITIES: Incremental funds enhance confidence in the A-share market, short-term market expected to maintain structural trends. EB SECURITIES believes that looking ahead, overseas negative impacts are waning, and the continuous entry of incremental funds is strengthening confidence in the A-share market. The short-term market is expected to maintain structural trends at least. It is recommended to focus on the direction of "power and electricity collaboration" being included in policies, driving expectations of high growth in the AI power industry chain demand explosion, as well as support for sectors like "grid upgrades + new energy integration". Specifically, sectors such as grid equipment, power, new energy, lithium batteries, and energy metals are expected to show repeated rotational performance. Central China: The Shanghai Composite Index may maintain small-scale consolidation fluctuations, batteries, photovoltaic equipment, etc., are worth attention. Central China believes that considering the further clarification of domestic macro policies providing solid bottom-line support for the market. The central bank has explicitly stated that it will flexibly use tools such as reserve requirement reductions and interest rate cuts to maintain ample liquidity. Meanwhile, supporting the role of the China Investment Corporation as a "sovereign wealth fund" has boosted market confidence in the subsequent market trends. It is expected that the Shanghai Composite Index will maintain the possibility of small-scale consolidation fluctuations. Investors are advised to closely monitor macroeconomic data, changes in overseas liquidity, and policy trends. In the short term, it is suggested to focus on investment opportunities in industries such as batteries, photovoltaic equipment, chemical raw materials, and wind power equipment. This article is reprinted from "Tencent Stocks", edited by Xu Wenqiang.