The three major A-share indices opened higher collectively on April 8. In the early session, both markets opened high and rose significantly, with a strong upward trend. In the afternoon, the upward momentum continued, with the ChiNext Index rising over 5% and the Shanghai Composite Index increasing by more than 100 points, aiming for 4000 points.
From the market perspective, technology stocks rebounded across the board, with significant gains in computing hardware, semiconductor equipment, AI computing, consumer electronics, humanoid robots, commercial aerospace, and financial technology sectors; gold, industrial metals, and large financial sectors performed strongly. Oil and gas, as well as coal stocks, adjusted.
By the close, the Shanghai Composite Index rose by 2.69%, closing at 3995 points; the Shenzhen Component Index rose by 4.79%, closing at 14042.5 points; the ChiNext Index rose by 5.91%, closing at 3347.61 points.
According to Wind statistics, there were a total of 5164 stocks rising in the two markets and the Beijing Stock Exchange, while 301 stocks fell, and 24 stocks remained flat.
The total trading volume in the two markets was 2.4345 trillion yuan, an increase of 820.1 billion yuan compared to the previous trading day's 1.6144 trillion yuan. Among them, the Shanghai market had a trading volume of 1.0742 trillion yuan, an increase of 350.3 billion yuan from the previous trading day's 723.9 billion yuan, while the Shenzhen market had a trading volume of 1.3603 trillion yuan.
According to Great Wisdom VIP, there were a total of 300 stocks in the two markets and the Beijing Stock Exchange with a rise of over 9%, while 12 stocks had a decline of over 9%.
The electronics sector saw a surge in limit-up stocks, while oil and petrochemicals fell sharply
In terms of sectors, the electronics sector experienced a wave of limit-up stocks, with over 50 stocks such as Xiangnong Xinchang (300475), Xunjiexing (688655), Dianlian Technology (300679), Aisen Co., Ltd. (688720), Zhidongli (300686), and Zhenlei Technology (688270) hitting the limit or rising over 10%.
The strength of AI applications drove media stocks to the forefront, with over 10 stocks such as BlueFocus (300058), Yidian Tianxia (301171), Tianlong Group (300063), Shunwang Technology (300113), Zhongwen Online (300364), and Zhidema (300785) hitting the limit or rising over 10%.
The machinery and equipment sector also performed impressively, with over 30 stocks such as Kaile Co., Ltd. (301070), Jiuzhou Yigui (688485), Dingyang Technology (688112), Anda Intelligent (688125), Puyuan Precision Electronics (688337), Jintaiyang (300606), and Guangyun Da (300227) hitting the limit or rising over 10%.
Precious metals surged significantly, leading to gains in non-ferrous metals, with over 10 stocks such as Xiaocheng Technology (300139), Youyan Powder Materials (688456), Hunan Silver (002716), Western Gold (601069), Xingye Silver Tin (000426), and Dongfang Tantalum (000962) hitting the limit or rising over 10%.
Oil and petrochemical stocks fell sharply, with Tongyuan Petroleum (300164), Lanyan Holdings (000968), Beiken Energy (002828), and Zhongman Petroleum (603619) hitting the limit down or falling over 9%, while Guanghui Energy (600256) and Intercontinental Oil and Gas (600759) fell over 7%
Coal stocks also performed poorly, with China Coal Energy (601898) falling over 6%, and Jinkong Coal Industry (601001), Yancoal Energy (600188), Shaanxi Black Cat (601015), and Haohua Energy (601101) dropping over 2%.
If short-term adjustments are an opportunity for layout
Huatai Securities stated that the situation in the Middle East has eased, and on April 8, Trump agreed to suspend bombings on Iran for two weeks, while Iran accepted the ceasefire agreement proposed by Pakistan. From last night's asset performance, U.S. stocks rebounded during the day, crude oil plummeted, and the VIX index surged and then fell back. We believe that a TACO trading window is opening in the short term. The positive mindset is shifting to actual positive actions. However, there are still uncertainties ahead; the high VIX indicates that the market has not fully priced in the end of the conflict, and position management needs to be done. In terms of allocation, the A-share market on Wednesday, April 1, can serve as a rehearsal for TACO trading, focusing on the following two directions: The first group is those that have previously been oversold. Statistics show that the industries with the largest declines in March include: TMT, non-ferrous metals, steel and building materials, and machinery and equipment. These are the main lines of the spring market cycle + technology, and they also benefit from the reversal of interest rate cut expectations. Machinery and equipment are driven by external demand. The second group is those that are less correlated with low oil prices + independent prosperity cycles, such as AI chains and innovative drugs. From a medium-term perspective, the war has exposed issues of energy security, and we should continue to pay attention to the power chain, as short-term adjustments may present layout opportunities.
Huajin Securities believes that, at present, the fundamentals may continue to recover, overseas risks have been sufficiently released, and sentiment adjustments are in place, with policies leaning positively; the A-shares may have already bottomed in the short term. It is recommended to continue to accumulate on dips: first, industries with upward trends in policies and industries such as telecommunications (AI hardware), electronics (semiconductors, AI hardware), new energy (AI power, energy storage), innovative drugs, non-ferrous metals, chemicals, and military industry (commercial aerospace); second, undervalued dividend industries such as coal, electricity, and banking.
CITIC Securities pointed out that with the explosion of Agent applications and multimodal ecosystems, there is a mismatch between capital expenditure and computing power demand, and global token usage is entering a new round of accelerated growth. The cloud industry chain is expected to enter a year of significant growth in both volume and price. In the cloud industry chain, demand is pushing up price levels, and the cloud industry chain is entering a cycle of rising volume and price. In terms of computing power leasing, the supply of quality computing power chips is tight, and leading computing power leasing companies have prominent positioning advantages, with high leverage enhancing growth certainty. It is recommended to pay attention to cloud industry chain and computing power leasing-related targets.
Regarding the market outlook, Industrial Securities stated that it is looking for quality assets that have been &#34;misjudged&#34; due to emotional inertia in the current Middle East geopolitical conflict, with the holding structure gradually focusing on sectors with certain prosperity. Combining the rise and fall since March, we filter out the high-performing industries that have been significantly impacted by external shocks, mainly concentrated in: AI (domestic semiconductor computing power, PCB, mid and downstream gaming, consumer electronics, etc.), advanced manufacturing (new energy, military industry), cyclical (non-ferrous metals, chemicals, steel, glass fiber), service consumption &amp; new consumption (retail, jewelry, pet economy), and non-bank financials.
Guojin Securities pointed out that the current market structure is not stable; if the conflict escalates, the so-called resilient assets may also face a correction; if there is a de-escalation, it may not be the optimal solution
In fact, the biggest source of impact currently comes from energy, so solving the contradictions in energy is the true resilient asset. The increase in the proportion of energy in global GDP is a high-probability event. Based on the current information, considering the comprehensive expected value of two scenarios and increasing optimism about the market, the following recommendations are made: 1. The world is entering an energy replenishment cycle, and both old and new energy are expected to resonate (oil, oil transportation, coal, lithium batteries, wind and solar, energy storage); 2. As the illusion of the US dollar gradually fades, the financial attributes of commodities are rebounding, combined with the recovery in demand for copper, aluminum, and gold; 3. The re-evaluation of China's manufacturing industry: machinery and equipment, chemicals. As Chinese manufacturing becomes the global ballast, the continuous outperformance of exports and capital inflow will also bring new drivers to the long-silent domestic demand, seeking structural opportunities under the reversal of suppressive factors, such as tourism and scenic spots, seasoning and fermentation products, beer and other alcoholic beverages, pharmaceutical commerce, and medical aesthetics

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On April 8th, the A-shares opened high and rose sharply, with the Shanghai Composite Index increasing by over 100 points, approaching 4000 points. Technology stocks rebounded across the board, with notable performances in computing hardware and semiconductor equipment. The Shanghai Composite Index rose 2.69% to 3995 points, the Shenzhen Component Index rose 4.79%, and the ChiNext Index rose 5.91%. The total turnover of the two markets was 2.4345 trillion yuan, an increase of 820.1 billion yuan compared to the previous day. The electronics sector saw a surge in limit-up stocks, AI applications drove up media stocks, and precious metals and non-ferrous metals performed strongly

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A-shares opened high and rose sharply with increased volume, the Shanghai Composite Index surged over 100 points aiming for 4000 points