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申港证券策略周报:进入“两会”时间-2025-03-05
Shengang Securities·2025-03-05 03:24

Investment Strategy - The report indicates that all five major indices tracked last week experienced declines, with the Shanghai Composite Index falling by 1.72% and the ChiNext Index dropping by 4.87% as the market enters the "Two Sessions" period in March. It suggests focusing on "Two Sessions" related themes and reducing trading frequency in the short term [2][21]. Market Overview - Last week's performance of major indices was as follows: CSI 300 decreased by 2.22%, Shanghai Composite Index by 1.72%, Shenzhen Component Index by 3.46%, ChiNext Index by 4.87%, and CSI 500 by 3.26% [10][12]. - Among the 31 first-level industry indices tracked, 8 indices rose while 23 indices fell. The top five performing industries were steel, real estate, food and beverage, building materials, and textiles, while the bottom five were telecommunications, media, computers, electronics, and defense [11][12]. Trading Data - The total trading volume last week was 7,154.81 million shares, with a total transaction value of 99,579.30 billion yuan. There were 1,727 stocks that rose and 3,589 that fell [12][13]. - As of the end of last week, 24 stocks reached historical highs, while none reached historical lows. The number of stocks reaching new highs over 30, 60, and 120 days were 626, 447, and 137 respectively, while the new lows were 555, 80, and 56 respectively [15][16]. Margin Trading Data - Margin trading data indicates that the weekly financing balance increased by approximately 12.7 billion yuan, while the weekly margin balance decreased by 0.2 billion yuan [16].