As of 14:25 on April 2, 2024, msci China a50etf (560050) fell 0.41%, with the latest quotation of 0.74 yuan. The intraday transaction volume has reached 107 million yuan, and the turnover rate is 1.79%. Shaanxi Coal, a tracking index component, led the gains. PetroChina, China Shenhua, Sinopec, Three Gorges Energy, Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of Ningbo and other stocks followed suit. Luxshare Precision and Poly Development fell more than 3%.
Image source: wind
Looking over a long period of time, as of April 1, 2024, msci China a50etf has risen by 1.79% in the past week. In terms of scale, the latest scale of msci China a50etf reached 6.002 billion yuan, a new high this year, ranking 1/4 of comparable funds. In terms of
capital inflow, msci China a50etf’s latest net capital inflow was 38.3385 million yuan. In the past two days, it has attracted nearly 60 million yuan in gold! In the past five trading days, there have been 4 net inflows of funds, with a total "gold attraction" of 73.1558 million yuan, and the average daily net inflow reached 14.6312 million yuan.
Image source: wind
Data shows that leveraged funds continue to be deployed. The latest financing purchase amount of msci China a50etf reached 2.4354 million yuan, and the latest financing balance reached 46.1753 million yuan.
Everbright Securities believes that the continuity and performance of the spring market are still worth looking forward to. Historically, the duration of the late spring disturbance is not necessarily short, and the increase is not necessarily low. In addition, when the central bank lowers the reserve requirement ratio in the first quarter, the spring market of that year usually performs better. Although this year's spring agitation started late, the duration and market performance of its market in the future may still be worth looking forward to. Huaan Securities said that looking forward to the market outlook, the macroeconomic data from January to February showed outstanding structural highlights on the production side, and PMI rebounded beyond expectations in March. With the fiscal policy front-loaded, it is expected to accelerate in April, and the infrastructure side will support the economy. It is expected that the market will gradually strengthen, and the market's expectations for the economy will usher in an opportunity to gradually improve. Focus on the continuity of financial and economic data exceeding expectations in mid-April and the possible improvement of high-frequency data in late April.
Looking at the stock market valuations in major regions around the world, the current overall valuation of A-shares is still at a global low, and the valuations of blue-chip stocks and large-cap stocks are lower than the market average. The development experience of the world's major mature markets shows that blue-chip stocks and large-cap stocks have stable development, standardized information disclosure, clear profit models, and generally higher valuations, but this rule has not been shown in the A-share market.
As the market gradually matures and rationalizes, it will be the future trend to increase the valuation of A-share large-cap blue-chip stocks and high-tech growth stocks. To promote the reconstruction of A-share valuation, it is necessary to build a "valuation system with Chinese characteristics" covering all listed companies.
Specific to the market level, core assets are experiencing valuation recovery this year, with a50 taking the lead, and msci China a50etf (560050) leading the broad-based rise, with both market and financial strength!
msci China A50 Interoperability Index adopts the compilation concept of "selecting leaders and balancing allocation", covering the leaders of various industries that represent China's economic power, reflecting China's core assets from an international perspective, and providing domestic and foreign investors with one-click allocation of globally recognized assets. China's high-quality assets and striving to share the dividends of China's high-quality economic development provide a new solution.
msci China a50etf (560050), off-site connection (category a: 014528; category c: 014529).
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