A-share opening speedpost | A-share narrow fluctuations! Pharmaceutical stocks active again, oil and gas sectors rising

On April 1, A-shares fluctuated slightly in the morning session. As of 9:40, the Shanghai Composite Index rose by 0.21%, the Shenzhen Component Index fell by 0.03%, and the ChiNext Index fell by 0.01%. On the market, oil and gas stocks collectively rose, with Tong Petrotech Corp. rising by over 10%; the green energy concept became active again, with Xinjiang Lixin Energy hitting the limit up for two consecutive days; pharmaceutical stocks were active again, with Zhuhai Rundu Pharmaceutical hitting the limit up; medical, breeding and other sectors led the gains. On the downside, internet e-commerce, precious metals, automotive, and film and television sectors experienced the biggest declines. In terms of individual stocks, Shandong Meichen Science & Technology and Royal Group Co.,Ltd. were both suspended from trading as the China Securities Regulatory Commission initiated investigations. Shandong Meichen Science & Technology announced that the company is suspected of illegal information disclosure and is being investigated by the China Securities Regulatory Commission. Royal Group Co.,Ltd. is also being investigated for suspected illegal information disclosure by the China Securities Regulatory Commission. Looking ahead, Orient pointed out that in April, the stock market will continue to explore the bottoming trend, but the probability of a deep decline is unlikely. Market demand for earnings certainty is gradually increasing, and sector rotation still revolves around performance. Hot Sectors: 1. Oil and gas sector on the rise: Oil and gas stocks rose collectively, with Tong Petrotech Corp. rising by over 10%, and Xinjiang Zhundong Petroleum Technology, Sino Geophysical, China Oil Hbp Science & Technology, Geo-Jade Petroleum Corporation, Sino Prima Gas Technology, Zhongman Petroleum And Natural Gas Group Corp.,Ltd., and Beiken Energy Group following suit. 2. Active green energy concept: The power sector became active again, with green energy leading the way. Xinjiang Lixin Energy hit the limit up for two consecutive days, while Ning Xia Yin Xing Energy, Sichuan Guangan AAA Public, Henan Yuneng Holdings, Jiaze Renewables Corporation, and Guangdong Shaoneng Group also rose. In terms of institutional viewpoints: 1. Guotai Junan: Consolidation will continue, it is important to be cautious. Guotai Junan points out that the stock market is entering a phase of consolidation, with uncertainty factors increasing. It is important to be cautious, and April is a month to focus on market performance. Policies are expanding, and local initiatives are active. It is optimistic about the benefits of both the traditional and emerging sectors. Attention can be given to technology growth with clear industry trends and high order fulfillment. The short-term return of themes focused on stable and free cash flow should be considered, while avoiding small and medium sized stocks. Themes to focus on include autonomous control, silver economy, AI intelligence, and mergers and acquisitions. 2. Orient: Stock indices will continue to explore the bottoming trend, sector rotation will continue to revolve around performance. Orient points out that in April, stock indices will continue to explore the bottoming trend, but the decline is unlikely to be too deep. Market demand for earnings certainty is increasing, and sector rotation still revolves around performance. From a gaming perspective, technology stocks are still attracting attention. For example, the TMT sector, which previously had a high concentration of 45%, has now dropped to around 32%. Therefore, "technology + dividends" is a good investment strategy at the moment.