A-share market review | Index hits bottom and rebounds, Shanghai Composite Index slightly drops 0.10% with reduced volume, energy concepts such as electricity and coal continue to surge

On March 12, the three major A-share indexes fell to a low in the afternoon and then rebounded. By the end of the trading day, the Shanghai Composite Index dropped by 0.1%, the Shenzhen Component Index fell by 0.63%, and the ChiNext Index dropped by 0.96%. The total turnover of the Shanghai and Shenzhen stock markets was 2.44 trillion yuan, a decrease of 66.5 billion yuan from the previous trading day. On the market, the green energy concept surged, with stocks like Green Development Electricity Group of Tianjin and Huadian Energy seeing consecutive gains. The chemical industry sector continued to strengthen, with over ten component stocks hitting the limit up. The coal sector was active, with Yankuang Energy Group, Zhengzhou Coal Industry & Electric Power, and China Coal Energy reaching new highs. The carbon fiber concept remained strong, with stocks like Zhongfu Shenying Carbon Fiber and Jilin Chemical Fibre Stock hitting the limit up. In terms of declines, the gas turbine concept continued to adjust, with stocks like Pourin Special Welding Technology and Hangzhou Hirisun Technology Incorporated falling. The military industry sector weakened, with stocks like Wuxi Hyatech dropping. Looking ahead, the investment logic of A shares will shift from seeking refuge to finding new cycles, and companies with global competitiveness will become core assets. Hot sectors: 1. Green energy concept erupts Green Development Electricity Group of Tianjin, Huadian Energy, GCL Energy Technology, DATANG POWER, NYOCOR, and others surged. 2. Chemical industry sector continues to strengthen Over ten component stocks in the chemical industry sector hit the limit up. 3. Coal sector rises Yankuang Energy Group, Zhengzhou Coal Industry & Electric Power, and China Coal Energy reached new highs. Institutional views: - Sinolink Chief Economist Song Xuetao: A-share investment logic will shift from seeking refuge to finding new cycles. - Huaxi: Three major price increase themes support the A-share market. - Soochow: Market hotspots switching speed accelerates, index may continue to oscillate narrowly. - Central China: Market bottom support is solid, Shanghai Composite Index is likely to maintain a slight oscillation consolidation. - CAICS: It is expected that A shares will still have strong resilience relative to overseas stock markets, and excessive concerns are not advisable.