CSI 300 Index rose by 1.0%
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This week, signs of recovery were seen in the A-share market, but it is still necessary to closely monitor signals for a reversal. In terms of indices, the SSE Index(000001) rose by 0.97% this week, closing at 3379.11, but it is still about 8% away from its highest point in a year. The CSI 300(000300) performed slightly better with a rise of 1.0%, closing at 3978.44, although it is still about 10% away from its peak within a year. Market trading volume has slightly recovered and is slightly higher than the 50-day average.
In the global market, the Nasdaq Composite(0NDQC) saw a slight pullback, up -3.2%, indicating that tech stocks may be facing certain pressures. The S & P 500 Index(0S&P5) rose slightly by 0.05% and hit a new annual high, showing relative strength. In contrast, the Hang Seng Index(HSI) showed strong performance, rising by 3.79% this week and hitting an annual high, demonstrating a robust rebound in the Hong Kong market.
Economic data shows that U.S. crude oil inventories as of February 14 increased to 4.633 million barrels, significantly higher than expected 3.144 million barrels, indicating considerable supply pressure. Additionally, initial jobless claims in the U.S. were 219,000, slightly higher than expected, but the job market remains stable. On the policy front, the trend of foreign capital inflows into China’s market continues to accelerate. The “1+N” policy package recently introduced by the Ministry of Commerce to stabilize foreign investment has further boosted market confidence, especially the support measures in sectors like telecommunications, healthcare, and education have received widespread attention. Meanwhile, the Fed minutes show that the premise for interest rate cuts is further decline in inflation, but uncertainties in tariff policies may bring uncertainties to the market.
In terms of industry performance this week, Wholesale-Electronics(G3577IG.CN)stood out with a gain of 12.76%, and its trading volume was also quite impressive, reaching approximately RMB 44.933 billion. Elec-Contract Mfg(G3664IG.CN)and Elec-Semicondctor Fablss(G3676IG.CN)followed closely behind, recording weekly gains of 9.78% and 9.75%, respectively. Especially for the Elec-Semiconductor Fablss sector, its trading volume far exceeded other industries, reaching approximately RMB 166.444 billion, indicating high market heat and capital attention in this sector.
The average gain of the top 33 stocks list this week was 4.71%, with 23 stocks rising and 10 declining. Shenzhen Techwinsemi Technology(001309) stood out, with a weekly increase of 21.25%. The company focuses on the design and development of flash memory controllers, and recent strong demand in the storage module market has driven up its stock price. The O’Neil Score of this stock is 74, and the RS Rating is 92, indicating excellent performance among similar companies and steady profit growth.
Overall, market sentiment is gradually improving, especially with some industries and individual stocks performing exceptionally well. However, major indices are still some distance away from their peaks last year, so investors should closely watch whether the market can maintain its recovery momentum. At the same time, global economic conditions and U.S. employment data could still impact the market, requiring investors to remain cautious.
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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 February 21, 2025