Group 1: A-Share Market Overview - The A-share market experienced fluctuations with the dividend index, Shanghai Composite Index, and CSI 100 showing gains of 0.53%, 0.49%, and 0.22% respectively during the week of March 25-29 [6][12] - The top five performing sectors included oil and petrochemicals (4.08%), non-ferrous metals (3.72%), home appliances (2.1%), public utilities (1.34%), and textiles and apparel (0.96%), while the worst performers were media (-9.52%), computers (-6.47%), electronics (-4.43%), telecommunications (-3.76%), and social services (-2.76%) [6][12] - The net inflow of main funds was led by basic metals (2.173 billion), gold concepts (2.126 billion), scarce resources (1.929 billion), engineering machinery concepts (0.672 billion), and small metals (0.504 billion) [6][12] Group 2: Global Macro Calendar - Industrial profits in China showed a cumulative total of 914.06 billion yuan for January-February 2024, with a year-on-year growth of 10.2%, marking a significant increase of 14.6 percentage points compared to the previous value [24][49] - The manufacturing PMI returned to the expansion zone, with the production index at 52.2%, up 2.4 percentage points from the previous month, indicating accelerated production activities [58][86] - The U.S. PCE index showed a year-on-year increase of 2.8%, a slight decrease of 0.1 percentage points from the previous value, while new home sales in the U.S. decreased by 0.3% month-on-month [47][75] Group 3: Financing and Margin Trading Situation - As of March 28, 2024, the margin trading balance was 15,433.02 billion yuan, with a net outflow of 20.84 billion yuan for the week [42][71] - The pharmaceutical and biological sector led the net buying with 0.999 billion yuan, followed by electric equipment (0.771 billion yuan) and basic chemicals (0.528 billion yuan) [42][71] - Notable individual stocks with significant net buying included CITIC Securities (0.483 billion yuan), Guangxun Technology (0.467 billion yuan), and Inspur Information (0.388 billion yuan) [42][71] Group 4: Strategic Insights - The report highlights the potential opportunities arising from Xiaomi's automotive ventures, suggesting a revival in smart technology [5] - The focus on state-owned enterprises' market value management and the emphasis on new fields such as artificial intelligence, quantum information, and biomedicine are expected to drive market dynamics [46] - The upcoming annual report season is anticipated to refocus market attention on technology and state-owned enterprise value management, presenting core opportunities [46]
策略周报：关注小米汽车带来智能科技复苏机遇
East Money Securities·2024-04-02 16:00