CSI 300 Increased by 2.14%
Editor’s Note: As always, we would appreciate any feedback you have. It will help us make this app more useful to you.
This week, the A-share market attempted a rebound. The Shenzhen Index(399001) and ChiNext(399006) performed strongly, increasing by 3.73% and 4.66% respectively, while the SSE Index(000001) saw a rise of 2.31%. The CSI 300(000300) index also posted a weekly gain of 2.14%. Notably, despite the market’s recovery, trading volumes remained relatively low, such as the SSE Index’s trading volume being 32.52% lower compared to the 50-day moving average this week, possibly suggesting inadequate upward momentum or continued caution among investors.
The Hang Seng Index(HSI) also achieved a growth of 2.73% this week, though its trading volume was similarly below the 50-day average level, indicating a watchful sentiment in the Hong Kong stock market. Internationally, the Nasdaq Composite(0NDQC)and S & P 500 Index(0S&P5) increased by 0.92% and 1.89% respectively, showing a mild uptrend in the U.S. stock market.
In terms of macroeconomic data, the unadjusted annual CPI rate for December in the U.S. met expectations at 2.9%; the monthly retail sales rate, although not as expected, still maintained a growth of 0.4%. China’s annual GDP growth rate reached 5%, indicating that the fundamental trend of long-term improvement in China’s economy has not changed. Policy-wise, official media stressed the implementation of more proactive macroeconomic policies and pointed out that appropriate-scale stimulus measures might be needed to stabilize economic growth. Moreover, Federal Reserve officials stated that future monetary policy would depend on data performance, while government transition could bring certain uncertainties.
Looking at industry performance, Telecom Svcs-Wireless(G4892IG.CN), Media-Diversified(G2712IG.CN), and Comml Svcs-Advertising(G7310IG.CN) became the top three best-performing ONeil industries this week, with weekly gains of 11.58%, 8.99%, and 8.8% respectively. These industries’ excellent performances reflect the market’s favor towards high-growth potential sectors, especially under the current economic conditions where companies with stable profit models and technological barriers are more likely to attract capital attention.
This week, the TOP33 stock portfolio averaged a rise of 4.05%, with 26 stocks achieving positive returns, and Ningbo Zhenyu Tech(300953) leading with a 17.58% increase. The company, known for its expertise in precision progressive stamping dies and downstream precision structural components, has gained considerable market recognition. Its O’Neil Score is 80, with a RS rating of 97, EPS score of 73, and Acc/Dis rating of 72, collectively revealing the stock’s sound fundamentals and technical condition.
Overall, despite uncertainties in the global political and economic environment, the internal structural adjustment of the A-share market continues to optimize, and quality individual stocks can still stand out. Investors should continue to focus on companies that rank high within their industries and have strong competitive capabilities, while closely monitoring changes in macroeconomic policies and the impact of international market developments on the domestic market.
What do you think? Please email us any questions or comments.
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.
published on January 17, 2025