A-share midday trading update | Three major indexes up slightly, consumer electronics stocks strengthen, and artificial meat sector sees largest decline.

On March 1st, the A-share market rose slightly in the morning session. By the close, the Shanghai Composite Index was up by 0.09%, the Shenzhen Component Index was up by 0.45%, and the ChiNext Index was up by 0.12%. In terms of sectors, the consumer electronics sector saw gains, with AI smartphones leading the way. Sichuan Furong Technology saw a second consecutive day of gains. The new productivity concept continued to be strong, with Guangdong Dongfang Precision Science & Technology seeing six consecutive days of gains. Stocks related to computing power and liquid cooling went up, with Inspur Electronic Information Industry hitting the daily limit. Stocks related to lithography machines continued to strengthen, with Shanghai Zhangjiang Hi-Tech Park Development seeing two consecutive days of gains. The hydrogen energy sector was active, with stocks like Xiong'an New Power Technology seeing gains. On the other hand, insurance and other financial stocks were down, along with pharmaceutical stocks. Sectors like grain, education, airport transportation, and animal husbandry saw leading gains. Overall, there were more stocks rising than falling in the market, with over 3100 stocks going up. Market turnover exceeded 580 billion yuan, and the net sales of northbound funds exceeded nearly 5 billion yuan. Looking ahead, Founder pointed out that during the window of time near the "Two Sessions", it is a high probability event for the market to fluctuate between 3000 and 3100 points. In terms of hot sectors: 1. The consumer electronics sector saw gains, with AI smartphones leading the way. 2. The new productivity concept continued to be strong, with Guangdong Dongfang Precision Science & Technology seeing six consecutive days of gains. 3. Stocks related to computing power saw gains. 4. The hydrogen energy sector remained active. Institutional perspective: Looking ahead, Founder pointed out that during the "Two Sessions" period, it is a high probability event for the market to fluctuate between 3000 and 3100 points.During the "Two Sessions" period, it is highly likely that the market will fluctuate and build momentum between 3000 points and 3100 points.CICC: The Shanghai Composite Index has recovered to near integer levels, and the technology growth market is expected to continue CICC research reports believe that recent domestic stable growth, stable expectations, and stable market policies have been actively introduced and implemented, with some areas anticipating reforms. As a result, Chinese assets have performed well since February, leading globally, and the Shanghai Composite Index has recovered to near integer levels. The technology growth market is expected to continue. Since the beginning of 2024, high dividend assets and technology growth styles have taken turns in the lead. Looking ahead, the cyclical excess returns may come from the clear technology growth track that benefits from China's industrial policy support and industry trends. The investment value of high dividend assets as a core position is still prominent, but in the short term, attention must be paid to certain industry micro trading structures and allocation rhythms. In March, there was an upward adjustment in high-end machinery, communication equipment, building materials, computers, software, national defense and military industry, and papermaking; and a downward adjustment in power operations, coal, construction and decoration, agriculture, forestry, animal husbandry, fishing, pharmaceuticals, catering, hotels and tourism, and other chemical products. Founder: The stock market closed higher than the previous day's close in February, and the market during the Two Sessions can be expected. Founder pointed out that on Thursday, the market regained the ground lost on Wednesday. Although the trading volume shrank, the market momentum remained strong. In the short term, there will still be pressure above 3050 points, and the monthly chart also shows a rare bottom "covering red with green", laying the foundation for the market in March. Around the time of the Two Sessions, it is highly probable that the market will oscillate and gather momentum between 3000 and 3100 points. China Securities Co., Ltd.: The advantages of the high prosperity growth style are gradually becoming evident, recommending attention in four directions China Securities Co., Ltd. published a report from the Chen Guo team stating that from the perspectives of liquidity and market supervision, the overall investment environment of A-shares has improved significantly compared to the previous period. Following the comprehensive reserve requirement ratio cut in February and the unexpected 5-year LPR rate cut, the wide monetary policy counter-cyclic force further improved liquidity environment and market sentiment. With the continuous rise of high dividend assets and the decrease in dividend yield, the advantages of the high prosperity growth style are gradually becoming evident. Recommendations include: 1. Related pro-cyclical industries expected to benefit from stable economic policies; 2. Technology growth sectors that benefit from improvements in liquidity and follow industry development trends and cycle improvements; 3. Core assets; 4. Industries with relatively high dividend yields still have good medium-term investment value before the economy stabilizes. This article is from "Tencent Self-selected Stocks" and was edited by GMTEight: Wang Qiujia.