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策略周报：关注央国企市值改革进程推动的市场结构性变化
East Money Securities·2024-03-25 16:00

Group 1: Market Overview - The A-share market showed mixed performance, with the National Index 2000, ChiNext Composite, and CSI 1000 gaining 1.51%, 0.84%, and 0.72% respectively during the week of March 18-22, 2024 [11] - The top five performing sectors were Media (9.4%), Agriculture, Forestry, Animal Husbandry, and Fishery (4.49%), Comprehensive (3.15%), Computer (2.49%), and Social Services (2.24%) [11][31] - The sectors with the largest declines included Building Materials (-2.59%), Pharmaceutical and Biological Products (-2.13%), Non-ferrous Metals (-2.08%), Home Appliances (-2.02%), and Non-bank Financials (-1.59%) [11][31] Group 2: Capital Flow Overview - The main capital inflow in the concept sectors included Copper Cable High-Speed Connection (net inflow of 2.458 billion), Kimi Concept (net inflow of 1.609 billion), Intellectual Property (net inflow of 1.307 billion), Digital Reading (net inflow of 1.088 billion), and Data Elements (net inflow of 1.043 billion) [11] - Northbound capital recorded a net outflow of 7.776 billion, with the top three net inflow stocks being Luxshare Precision (0.936 billion), Changan Automobile (0.610 billion), and Yunsai Zhili (0.517 billion) [11][21] Group 3: Financing and Margin Trading - The financing net inflow for the week was 29.75 billion, with a total margin balance of 1548.862 billion as of March 21, 2024 [30] - The leading sectors in financing net inflow were Pharmaceutical and Biological Products (4.024 billion), Computer (3.435 billion), and Electronics (3.073 billion) [30] - The top individual stocks for net inflow included WuXi AppTec (1.136 billion), Wolong Electric (0.579 billion), and Zijin Mining (0.507 billion) [30][31] Group 4: Economic Indicators - In the first two months of 2024, the industrial added value grew by 7% year-on-year, which is 2.4 percentage points higher than the previous value [49] - Fixed asset investment increased by 4.2% year-on-year, which is 1.2 percentage points higher than the previous value [55] - Real estate development investment decreased by 9% year-on-year, but the decline was narrower compared to the previous year [62]