The three major A-share stock indexes collectively opened higher on March 6. After stretching at the beginning of the session, the high level fluctuated, and it was further strengthened before noon. In the afternoon, the two cities continued to fluctuate at a high level, and the gains expanded slightly.

From the perspective of the disk, the software and Internet sectors broke out, the direction of AI agents and information innovation set off a rising tide, computing power, robots, and semiconductors were active, and brokers, pharmaceuticals, biology, and real estate were among the top gainers.

At the close, the Shanghai Composite Index rose 1.17% to 3,381.1 points, the STAR 50 Index rose 3.48% to 1,121.58 points, the Shenzhen Component Index rose 1.77% to 10,898.75 points, and the ChiNext Index rose 2.02% to 2,234.69 points.

Wind statistics show that a total of 4,272 stocks rose in the two cities and the Beijing Stock Exchange, 973 stocks declined, and 146 stocks were flat.

The total turnover of the Shanghai and Shenzhen stock exchanges was 1,906.4 billion yuan, an increase of 412.6 billion yuan from 1,493.8 billion yuan on the previous trading day. Among them, the Shanghai market turnover was 736.4 billion yuan, an increase of 148.6 billion yuan from the previous trading day's 587.8 billion yuan, and the Shenzhen market turnover was 1.17 trillion yuan.

A total of 169 stocks in the two cities and the Beijing Stock Exchange rose by more than 9%, and 2 stocks fell by more than 9%.

Brokerage stocks are up

In terms of sectors, brokerage stocks rose sharply, driving non-bank financial gains, Hainan Huatie (603300), AVIC Industry and Finance (600705), Sichuan Shuangma (000935), Capital Securities (601136), Jiuding Investment (600053), Cinda Securities (601059) rose more than 5%.

The

computer sector set off a tide of daily limits, with more than 40 stocks such as New Cape (300248), Hand Information (300170), Zhongyi Technology (301208), Dingjie Digital Intelligence (300378), Boshijie (301608), and Ren Zixing (300311) rising by more than 10%.

The

semiconductor sector was strong throughout the day, with Haiyou New Materials (688680) and Saiteng (603283) rising by more than 10%, and Xinhai Technology (688595), Cambrian (688256), Zhongke Flying Testing (688361), and Jingyi Equipment (688652) rising by more than 8%.

Bank stocks weakly led the two markets throughout the day, with Chongqing Rural Commercial Bank (601077), China CITIC Bank (601998), Bank of Beijing (601169), and Minsheng Bank (600016) falling more than 1%.

Steel stocks performed poorly, with Nanjing Iron and Steel (600282), Sangang Minguang (002110), Anyang Iron and Steel (600569), and Bayi Iron and Steel (600581) falling more than 2%.

The

decline in power stocks led to a sluggish utility sector, with Huadian International (600027), Zheneng Power (600023), Huaneng International (600011), ENN (600803), and Inner Mongolia Huadian (600863) falling more than 1%.

It is expected that the restoration of market confidence will gradually spread from the technology sector to the economic sector

CITIC Securities said that the two sessions will be held as scheduled in 2025, in addition to the expected total economic goals, science and technology AI innovation + supply side "anti-involution" + demand side expansion of domestic demand three clear policy ideas are exciting, it is expected that the repair of market confidence will gradually spread from the field of science and technology to the economic field. We have selected the A-share "New Core Asset 30" portfolio from the technology, industrial and consumer sectors from the perspectives of scientific and technological innovation to promote industrial value reconstruction, supply-side reform to guide the clearing of industry supply and demand, and institutional optimization to unleash consumption potential, and China's core assets are expected to usher in spring.

Hualong Securities pointed out that the Shanghai and Shenzhen markets slightly increased, the Shanghai index re-stood on the 60-day moving average, barely breaking through the 5-day and 10-day moving averages, from the perspective of the number of gainers, the rebound of the market index by the equal weight of the bank after the increase, the adjustment area of individual stocks increased, the market money-making effect began to decrease, the seesaw effect began to appear, and the number of rises and falls of the index is still in the middle and high position, the downward adjustment trend of fluctuations, if it continues to fall, individual stocks, especially the technology stocks in the gem will continue to pull back. The index may remain volatile during the meeting, and the trend is relatively stable, and the funds may actively switch styles during this process.

Shenwan Hongyuan believes that short-term homeopathic adjustment, multi-faceted problems are concentrated and digested: the short-term low cost performance problem of the trend of the science and technology industry has been widely discussed, and the homeopathic adjustment is healthy, waiting for the industry to catalyze and then start. The adjustment window is more optimistic about the value sectors with short-term catalysis: international engineering contracting, real estate, and brokerages, and pays attention to the investment opportunities of the long-term net management of the company's market value management in the first quarterly report window. In the medium term, we will continue to be optimistic about the trend of the technology industry as the main line of structure, focusing on: domestic AI computing power and applications, humanoid robots and low-altitude economy.

Shen Wan Hongyuan believes that short-term homeopathic adjustment, multi-faceted problems are concentrated and digested: the threat of US tariffs on China has been increased, the main contradiction has temporarily switched back to overseas disturbances, and the beginning of March and early April are the verification windows. The short-term low cost performance of the technology industry trend has been widely discussed, and it is healthy to adjust the trend, waiting for the industry to catalyze and start again. The adjustment window is more optimistic about the value sectors with short-term catalysis: international engineering contracting, real estate, and brokerages, and pays attention to the investment opportunities of the long-term net management of the company's market value management in the first quarterly report window. In the medium term, we will continue to be optimistic about the trend of the technology industry as the main line of structure, focusing on: domestic AI computing power and applications, humanoid robots and low-altitude economy.

Zhongtai Securities believes that in the short term, the rise in the market after the Spring Festival is mainly driven by the increase in valuation brought about by technological breakthroughs. If the aggregate policy is less than expected, and corporate earnings have not yet improved, the pressure on the index to adjust may be greater than the market expects. Therefore, for investors who currently hold defensive assets (dividends, bonds) and security assets (gold, non-ferrous metals, power equipment, military industry, nuclear power, etc.), we believe that there is no need to be "short-pressed" to chase high-tech stocks, especially to turn to the overvalued small and medium-sized market capitalization and science and technology innovation in A-shares. From an industrial perspective, despite the high volatility of the current market, new energy and GEM in 2021 are the main industrial lines that run through the whole year. In 2025, the trend of Hang Seng Technology targets such as Internet leaders and computing power may be similar to the new energy market in 2021, which will become the main line of local structural opportunities.