A-shares midday review | Shanghai index up 0.26% AI mobile phones, flying car concept stocks strengthened, pharmaceutical stocks fell into adjustment.

On March 5th, the three major A-share indexes opened collectively lower in the morning but then shook off the losses and turned positive across the board. By the close, the Shanghai Composite Index rose by 0.26%, the Shenzhen Component Index rose by 0.05%, and the ChiNext Index rose by 0.42%. It is worth noting that in the morning, the trading volume of several Shanghai and Shenzhen 300 ETFs suddenly increased significantly. Currently, the trading volume of Huatai Bairui Shanghai and Shenzhen 300 ETF and Yifangda Shanghai and Shenzhen 300 ETF reached 5 billion and 4.8 billion respectively. Huaxia and Jiashi's Shanghai and Shenzhen 300 ETFs also exceeded 2.3 billion and 1.1 billion respectively. The trading volume of these four Shanghai and Shenzhen 300 ETFs totaled nearly 13 billion, far surpassing the total volume of 6.6 billion from the previous day. In terms of the market, the AI mobile phone concept was active, with Sichuan Furong Technology hitting the limit up for the fourth consecutive day, Daoming Optics & Chemical also hitting the limit up, and other stocks such as ArcherMind Technology (Nanjing) Co., and Guangdong Suqun New Material rising. Stocks related to flying cars were lifted, with Zhejiang Jindun Fans hitting a 20% limit up and other related stocks rising. Military stocks also rose, and gold stocks remained strong. Looking ahead, EB Securities believes that the index may fluctuate around the 3000-point mark in the future. Structural market trends are expected to continue, with sector rotation likely to occur. Hot Sectors 1. AI mobile phone concept stocks lead the gains: Guangdong Suqun New Material was nearing the 20CM limit up, with other stocks like Sichuan Furong Technology, Daoming Optics & Chemical, Halo Microelectronics, and ArcherMind Technology (Nanjing) Co., also performing well. 2. Flying car concept stocks were strong: Companies like Zhejiang Jindun Fans, Zhejiang Wanfeng Auto Wheel, Changzhou Nrb Corporation, and others were on the rise. 3. Military industry sector rose: Companies like Sichuan Discovery Dream Science & Technology, Baota Industry, and others experienced strong gains. In summary, the overall market showed more declines than gains, with over 4100 stocks falling. Northbound funds had a net inflow of 1.042 billion. Looking forward, EB Securities believes that the index may fluctuate around 3000 points and structural trends are expected, with sector rotation likely to continue. - Period.4. Gold stocks show strong performance Gold stocks are performing strongly, with Chenzhou City Jingui Silver Industry hitting the limit up, and Shandong Gold Mining, Chifeng Jilong Gold Mining, Sichuan Rongda Gold, Zhongrun Resources Investment Corporation, Western Region Gold, among others, all rising. Analysis: On the news front, on March 4th, the night trading in commodity futures, the highest price of gold on the Shanghai Futures Exchange reached 498.24 yuan/gram, hitting a historical high. CITIC SEC report states that U.S. economic data has unexpectedly decreased, solidifying expectations of a Fed rate cut within the year, combined with the NYCB turmoil causing increased market concerns about the U.S. banking and commercial real estate industries, leading to a new high in the domestic and foreign gold prices. Institutional viewpoints Looking ahead, CICC believes that the market trend is positive in the future, but any increase may mostly be in the form of fluctuations. CICC: Market trend may continue, relatively bullish on small-cap growth styles in March CICC's report indicates that overall, A-shares are currently in a relatively low valuation, sentiment, and fund status. The future trend is positive, but any increase may mostly be in the form of fluctuations. In terms of style rotation, CICC relatively favors small-cap growth styles in March. EB SECURITIES: Repeated games around 3000 points, mainly structured trading EB SECURITIES states that recently, there has been a significant profit-taking in the market, and the willingness of funds to go long has decreased, leading to a slowdown in the Shanghai Index's upward trend; however, there are continuous positive industry news, funds are shifting to thematic speculation, and the market is mainly structured trading. The index may engage in repeated games around the 3000-point mark; structured trading may continue to be the main trend, with hotspots rotating. This article is from "Tencent Self-selected Stocks", GMTEight editor: Wang Qiujia.