On Tuesday (April 4), the three major stock indexes continued to fluctuate and diverge, with mixed ups and downs. By the end of the morning, the Shanghai Composite Index rose by 0.24% to 3304.33 points, breaking through the 3300-point mark; the Shenzhen Component Index and the ChiNext Index fell by 0.31% and 0.88% respectively; the total turnover of the Shanghai and Shenzhen stock markets was 843.16 billion yuan, the overall Looking at it, individual stocks in the two cities fell more and rose less.
From the perspective of funds, on the morning of April 4, the net selling amount of northbound funds reached 3.28 billion yuan. As of April 3, the total balance of financing in Shanghai, Shenzhen and Beijing was 1.618624 billion yuan, an increase of 11.922 billion yuan from the previous trading day. Among them, the balance of financing was 1,522.810 billion yuan, an increase of 9.938 billion yuan from the previous trading day; the balance of securities lending was 95.697 billion yuan, an increase of 1.984 billion yuan from the previous trading day.
Regarding the market outlook, some institutions suggest that investors grasp a new round of upside market.
At present, the market is experiencing heavy upside. After the adjustment of the Shanghai Composite Index, it is close to the 3300 mark again. The funds that temporarily stayed on the sidelines in the early stage ran into the market, and the trading volume reached a new high in the near future. In terms of operation, the strategy of increasing positions proposed in the early stage has begun to bear fruit. Investors can choose varieties supported by policies, actively conduct transactions, and grasp a new round of upside market.
At present, the average price-earnings ratios of the Shanghai Composite Index and ChiNext Index are 13.64 times and 38.01 times respectively, which are below the median level in the past three years. The market valuation is still in a relatively low area, which is suitable for medium and long-term layout. The trading volume of the two cities on Monday was 1,253 billion yuan, which was above the median of the average daily trading volume in the past three years. Recently, there has been a strong 28th effect in the industry sector, with a net inflow of northbound funds for 3 consecutive weeks, a significant recovery in on-market financing funds, and a significant increase in capital activity. In the future, the overall stock index is expected to maintain a volatile pattern. At the same time, we still need to pay close attention to changes in policy, capital and external factors.
In terms of hot spots, by the close of the market on the morning of April 4, industries such as AI chips and CPO concepts were among the top gainers. In addition, industries such as photovoltaic film and inverters suffered the largest declines.
In detail, as of the close on the morning of April 4, the AI chip sector rose by 4.39%. Among them, N Yuntian-U reported 100.37 yuan, an increase of 128.53%, and Allwinner Technology rose by more than 15%.
In this regard, behind the popularity of ChatGPT is the iterative upgrade of artificial intelligence algorithms. In the future, with the continuous breakthrough of large language model (LLM) technology, AI-related applications are expected to accelerate the implementation, and the AI industry may usher in a new round of development opportunities.