CSI 300 fell by 2.22%
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This week, the A-share market showed a trend of attempting to rebound, but overall performance remains weak. Investors should closely monitor possible reversal signals. Market sentiment has been boosted by strong performances in certain industries, but overall, the performance of major indices remains sluggish.
The SSE Index(000001)saw a weekly change of -1.72%, closing at 3320.8973. Although this index has recovered significantly from its yearly low (by 23.47%), it still lags behind its highest point of the year by 9.62%, indicating that the market remains in a rather volatile state. Trading volume has slightly increased compared to the 50-day average, showing relatively active market trading, but with insufficient rebound strength. The CSI 300(000300) also saw a decline of 2.22%, closing the week at 3890.0487, without setting new annual highs or lows. Trading volumes relative to the 50-day average remained stable, lacking clear driving forces in the market.
From a macroeconomic data perspective, an unexpected drop in US crude oil inventories and an increase in initial jobless claims may further impact market sentiment. The recent performance of the US stock market has been poor, with the Nasdaq Composite(0NDQC) falling by 5.02%, particularly weak, especially considering its gap from the one-year high reached 8.22%. The S & P 500 Index(0S&P5) dropped by 2.52%, with its current price approaching the lowest level of the past year. Especially under the backdrop of declining US bond yields and rising expectations for interest rate cuts, market sentiment may continue to be affected.
From an industry perspective, the top three performing sectors this week were Apparel-Shoes & Rel Mfg(G3141IG.CN), with a weekly gain of 5.12%; followed by Oil&Gas-Refining/Mktg(G2900IG.CN), up 4.46%; and Food-Dairy Products(G2020IG.CN), with gains of 3.68%. The relative strength of these industries may be related to recent economic data and consumer confidence. Particularly noteworthy is the Oil&Gas-Refining/Mktg sector, which achieved notable performance during the oil price adjustment period, reflecting investor confidence in energy-related areas.
The average change in the TOP33 list this week was -4.22%, with 7 stocks rising and 26 falling. In terms of individual stocks, Shenzhen Techwinsemi Technology(001309)saw a weekly gain of 17.74%, making it the most prominent performer. The company possesses strong market competitiveness in the research, development, and application of flash memory controller chips. Its O’Neil Score is 74, with an RS Rating of 97, demonstrating robust stock performance and high market recognition. The stock’s Acc/Dis Rating is 83, indicating continuous positive market sentiment towards it.
Overall, the current market still faces certain adjustment pressures, with significant sector rotation. Despite some sectors showing strength, the overall market’s rebound signals are not yet clear, requiring investors to remain cautious and closely watch for signs of reversal.
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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 28, 2025