国新证券每日晨报-2025-04-02

Domestic Market Overview - The A-share market opened positively in April, with the Shanghai Composite Index closing at 3348.44 points, up 0.38%, while the Shenzhen Component Index closed at 10503.66 points, down 0.01% [1][8] - Among the 30 CITIC first-level industries, 20 saw an increase, with pharmaceuticals, defense, and utilities leading the gains, while home appliances, automobiles, and computers experienced significant declines [1][8] - The total trading volume of the entire A-share market was 11528 billion, showing a slight decrease compared to the previous day [1][8] Overseas Market Overview - In the U.S. market, the three major indices closed mixed, with the Dow Jones down 0.03%, the S&P 500 up 0.38%, and the Nasdaq up 0.87% [2] - Johnson & Johnson fell over 7%, leading the decline in the Dow, while Tesla and Microsoft saw gains of over 3% and nearly 2%, respectively [2] Key Economic Indicators - The Caixin China Manufacturing PMI rose to 51.2 in March, the highest in four months, indicating an acceleration in manufacturing activity [11] - The manufacturing sector's production index increased, while new orders showed a slight decline but remained above the critical point, with strong performance in consumer goods [11] - The Ministry of Industry and Information Technology reported that the added value of the electronic information manufacturing industry grew by 10.6% year-on-year in January-February 2025 [14][15] Policy Developments - The Financial Regulatory Bureau and other departments issued a plan to promote high-quality development in the banking and insurance sectors, emphasizing increased support for technology-driven enterprises [9][10] - The State-owned Assets Supervision and Administration Commission is focusing on nurturing future industries and accelerating the cultivation of pioneering enterprises [12][13]