Stock Market Performance - The stock market rebounded quickly this week, recovering from last week's losses, with the CSI 2000 rising by 4.0% and the CSI 1000 by 3.8%[1] - The Hang Seng Index increased by 5.6%, reaching a three-year high, while the Hang Seng Tech Index surged by 8.4%[1] - Among 31 primary industries, only 5 sectors experienced declines, with metals, military, computer, and media sectors all rising over 5%[1] Trading Volume and Valuation - Average daily trading volume decreased to 1.7 trillion CNY, a 15% drop from last week's 1.99 trillion CNY[1] - The price-to-earnings (P/E) ratio for the CSI 300 stood at 12.6, with a Z-Score of -0.1, while the CSI 1000 had a P/E of 39.6 and a Z-Score of -0.3[1] - The computer industry is the only sector with a P/E Z-Score exceeding 1, currently at 1.3[1] Bond Market Trends - The bond market showed weakness this week, with yields rising significantly due to various factors, including policy adjustments and market expectations[1] - The overall funding environment was balanced but slightly loose, with the central bank conducting net withdrawals of 195.5 billion CNY on Monday[1] - The market's interest rate expectations shifted, leading to an increase in yields, particularly in the interbank certificate of deposit rates[1] Currency and Commodity Movements - The US dollar index fell by 3.4% to 103.9, while the euro appreciated by 4.3%, marking its largest weekly gain in nearly a decade[1] - Offshore RMB strengthened by 0.7% against the dollar, closing at 7.24[1] - Gold prices rose by 1.8% to 2909 USD/ounce, while Brent crude oil and WTI saw declines of 3.7% and 4.1%, respectively[1]
周度金融市场跟踪：股票市场快速修复上周跌幅，债券市场走弱（3月3日
Bank of China Securities·2025-03-10 03:05