Core Viewpoint - The A-share market experienced a strong opening on the first trading day after the Lunar New Year, with major indices showing positive performance, particularly in resource and hard technology sectors [1][2][4]. Market Performance - On February 24, the Shanghai Composite Index rose by 0.87% to 4117.41 points, while the Shenzhen Component increased by over 1% and the ChiNext Index gained 0.99%. The total market turnover exceeded 2 trillion yuan, with over 4000 stocks rising and 111 stocks hitting the daily limit [1][2][3]. - The market saw a strong performance in defensive sectors, with resource stocks experiencing a rebound. Key sectors such as energy equipment, oil and gas, and precious metals led the gains [1][3][4]. Sector Analysis - The hard technology sector also showed significant strength, particularly in optical modules (CPO) and optical communication concepts, which saw notable increases. In contrast, several large model concepts, including AI applications and the film and media sector, experienced declines [1][4]. - The human-robot concept stocks opened high, reflecting investor interest in this emerging technology [2][3]. Analyst Insights - Analysts suggest that the market's overall performance is promising, with resource stocks providing substantial support to the indices. The Shenzhen Component rose by 1.36%, indicating active growth in certain sectors [4]. - Geopolitical risks and uncertainties in global trade policies are seen as short-term disturbances, but they do not alter the mid-term trends. The expectation of a stronger renminbi and upcoming policy influences from the "Two Sessions" are expected to support the market [6][7]. Investment Strategies - Analysts recommend focusing on structural opportunities rather than broad index movements. Key investment themes include sectors benefiting from improved supply-demand dynamics and industry profit recovery, such as non-ferrous metals, basic chemicals, and construction materials [7][8]. - The robot sector is highlighted as having dual support from policy expectations and capital inflows, with a strong performance anticipated due to ongoing demand for new productive forces and smart manufacturing [8].

| | | 上证指数 科创50 沪深300 上证50 B股指数 | | | | | | | 深正成指 北证50 创业板指 深证综指 成份B指 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 上证指数 4117.41 +0.87% | | | | 5.66亿 | | | 深正成指 | 14291.57 +1.36% | | | 7.12亿 | | | 4139.05 | | | | | | 1,40% | 14376.96 | | | | | | 1.96% | | 4120.05 | | | | | | 0.98 % | 14284.70 | | | | | | 1.3196 | | 4101.06 | | | | | | 0.47% | 14192.45 | | | | | | 0.65% | | | | 4082.07 [p]d")ground my while production with man department of might of the ...

截至收盘，沪指涨0.87%报4117.41点；深成指涨1.36%报14291.57点；创业板指涨0.99%报3308.26点。 中新网2月24日电2月24日，马年首个交易日，A股三大股指集体上涨。 A股三大股指收盘表现。 全市场超4000只个股上涨，全天成交额约2.2万亿元，较前一交易日有所放量。 盘面上，能源设备、石油天然气、海运、化肥农药等行业板块涨幅居前；概念板块方面，培育钻石、玻 璃纤维、磷化工、油气开采等表现亮眼。 （文章来源：中国新闻网） ...

Group 1 - The Invesco Great Wall CSI National New Hong Kong Stock Connect Central Enterprise Dividend ETF (520990) closed up 3.17% on February 24, with a trading volume of 248 million yuan [1] - The fund was established on June 26, 2024, with a management fee of 0.50% and a custody fee of 0.10% [1] - As of February 13, 2025, the fund's latest share count was 5.775 billion shares, with a total size of 6.032 billion yuan, reflecting a 1.65% increase in shares and a 6.18% increase in size year-to-date [1] Group 2 - The current fund managers are Gong Lili and Wang Yang, with returns of 24.16% and 9.85% respectively during their management periods [2] - The fund's top holdings include China National Offshore Oil Corporation, China Shenhua Energy, China Petroleum & Chemical Corporation, and China Mobile, with respective holding percentages [2][3] - The top holdings by percentage are as follows: CNOOC (10.04%), China Shenhua (9.99%), China Petroleum (9.82%), and China Mobile (9.65%) [3]

| 上证指数 | 深证成指 | 北证5( | | --- | --- | --- | | 4117.41 | 14291.57 | 1535.4 | | +35.34 +0.87% +191.38 +1.36% +5.66 +0 | | | | 科创20 | 创业板指 | 万得全/ | | 1465.37 | 3308.26 | 6828.5 | | -4.97 -0.34% +32.31 +0.99% +71.78 +1 | | | | 沪深300 | 中证500 | 中证A5( | | 4707.54 | 8392.91 | 5910.7 | | +47.14 +1.01% +93.32 +1.12% +70.01 +1 | | | | 中证1000 | 中证2000 | 中证红 | | 8299.77 | 3536.69 | 5754.4 | | +94.94 +1.16% +43.51 +1.25% +86.19 +1 | | | 马年首个交易日，A股三大指数今日集体走高，截至收盘，沪指涨0.87%报4117点，深证成指涨1.36%，创业板指涨0.99%。全市场成交额2.22万亿元，较前 一交易日增量 ...

Group 1 - The oil sector has collectively surged due to escalating tensions between the US and Iran, leading to higher oil prices and a significant increase in VLCC freight rates during the Spring Festival holiday [1] - Zhongyou Securities noted that the unclear situation between the US and Iran has granted crude oil a geopolitical premium, with expectations of marginal improvement in the supply-demand dynamics for PX and PTA this year [1] - The price spread between PX (China's main port) and naphtha (Japan) has stabilized around $300/ton after adjustments, with potential for further strengthening post-holiday [1] Group 2 - As of February 24, 2026, the National Petroleum and Natural Gas Index (399439) rose sharply by 5.83%, with significant gains in constituent stocks such as Potential Hengxin (up 16.23%), China Oil Engineering (up 10.13%), and Blue Flame Holdings (up 10.04%) [1] - The oil ETF Penghua (159697) increased by 5.97%, with the latest price reported at 1.42 yuan, closely tracking the National Petroleum and Natural Gas Index [1] - As of January 30, 2026, the top ten weighted stocks in the National Petroleum and Natural Gas Index accounted for 66.76% of the index, including major companies like China National Petroleum, China National Offshore Oil, and Sinopec [1]

Market Performance - On February 24, A-shares saw all three major indices rise by over 1%, with more than 4,200 stocks gaining [1] - The Shanghai Composite Index increased by 1.17% to 4,129.78 points, the Shenzhen Component Index rose by 1.82%, and the ChiNext Index climbed by 1.76% [2] - The total trading volume for A-shares reached 1.52 trillion yuan, with a predicted increase to 2.35 trillion yuan, up by 354.2 billion yuan [2] Sector Performance - Resource stocks, particularly oil and gas, led the market rally, with significant gains in companies like Tongyuan Petroleum and CNOOC Services, among others [2] - AI-related stocks experienced a substantial pullback, with companies like Seedance and DeepSeek seeing declines [4] - The film and cinema sector faced a sharp decline, with major players like Light Media and China Film hitting their daily limit down [4] Hardware and Technology - Demand driven by AI has led to strong performance in computing hardware stocks, with companies like Longfly Fiber achieving new historical highs [3] - Other notable gainers in the computing hardware sector included Tianfu Communication and Zhongji Xuchuang [3] Overall Market Sentiment - The market sentiment was influenced by concerns over Trump's tariff policies and escalating tensions in the Middle East, contributing to the rise in resource cycle stocks [2]

| 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 科创综指 | | 4129.78 | 14356.88 | 1810.53 | | +47.71 +1.17% +256.69 +1.82% | | +1.35 +0.07% | | 万得全A | 创业板指 | 北证50 | | 6851.92 | 3333.62 | 1544.00 | | +95.12 +1.41% +57.66 +1.76% | | +14.23 +0.93% | | 沪深300 | 中证500 | 中证A500 | | 4722.51 | 8429.52 | 5931.51 | | +62.10 +1.33% | +129.94 +1.57% | +90.79 +1.55% | | 中证1000 | 深证100 | 中证红利 | | 8340.82 | 5912.64 | 5764.33 | | +135.99 +1.66% | +112.95 +1.95% | +96.11 +1.70% | | 万得全A涨跌分布 | | | | 跌1131 | | 涨4275 | | ...

Market Overview - On the first trading day of the Year of the Horse, major A-share indices collectively rose, with the Shanghai Composite Index up by 1.17%, Shenzhen Component Index up by 1.82%, and ChiNext Index up by 1.76% [2] - The trading volume in the Shanghai and Shenzhen markets reached 15,210 billion yuan, an increase of 3,074 billion yuan compared to the previous trading day [2] - Over 4,200 stocks in the market experienced gains [2] Resource and Technology Stocks - Resource cyclical stocks, including oil, natural gas, gold, and chemicals, saw significant increases, with companies like Zhongman Petroleum and Hunan Silver hitting the daily limit [2] - AI-driven demand led to a surge in stocks related to optical fibers, CPO, PCB, and MLCC, with Longfei Optical Fiber hitting the daily limit and reaching a historical high [2] - The glass fiber sector was notably active, with Shandong Glass Fiber hitting the daily limit within two minutes of opening [5][6] Glass Fiber Sector - On February 24, multiple glass fiber stocks surged, with International Composite hitting the daily limit with a 20% increase, setting a new historical high [6] - Shandong Glass Fiber opened with a rapid increase, and other companies like Changhai Co., China Jushi, Honghe Technology, and China National Materials also saw significant gains [6] - Due to a shortage of specialty glass fiber cloth, manufacturers are adjusting their product structures, leading to a supply gap in traditional electronic cloth [9] MLCC Sector - The MLCC sector experienced a collective rise, with Fenghua High-Tech hitting the daily limit and Dali Kaipu reaching a "20cm" limit [10] - The demand for high-end MLCCs surged due to increased orders from AI server needs, with Murata Manufacturing facing capacity shortages [10] - TrendForce reported that major manufacturers like Murata, Samsung Electro-Mechanics, and Taiyo Yuden are operating at over 80% capacity due to high demand [10][11] Film Industry - The film sector saw a collective decline, with major companies like Light Media and Bona Film Group hitting the daily limit down [12][13] - The 2026 Spring Festival box office revenue dropped significantly, with a total of 5.752 billion yuan, and the average ticket price decreased by 6% year-on-year [17] - Despite a record number of screenings, the overall attendance rate was only 22.5%, indicating a mismatch between supply and demand in the film market [17]

2月24日，马年首个交易日，A股三大指数集体高开，沪指高开1.15%，深成指高开1.52%，创业板指高开1.70%；科创综指高开1.16%。 内地股票 | 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 科创综指 | | 4129.13 | 14313.86 | 1830.15 | | +47.06 +1.15% +213.67 +1.52% +20.97 +1.16% | | | | 万得全A | 创业板指 | 北证50 | | 6844.78 | 3331.79 | 1547.04 | | +87.98 +1.30% +55.84 +1.70% +17.27 +1.13% | | | | 沪深300 | 中证500 | 中证A500 | | 4727.30 | 8403.31 | 5931.03 | | +66.89 +1.44% +103.73 +1.25% +90.31 +1.55% | | | | 中证1000 | 深证100 | 中证红利 | | 8319.69 | 5896.85 | 5721.58 | | +114.86 +1.4 ...