A-shares strengthen, Shenzhen Component Index and Growth Enterprise Market Index both surge over 1%! Over 4,500 stocks advance, northbound funds net buy A-shares exceeding 7 billion; ZTE hits limit up, computing power sector surges

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February 27 | Major A-shares indices strengthen, with the ChiNext Index rising over 1%, the Shanghai Composite up 0.6%, and the Shenzhen Component up 1.11%. PEEK, automotive industry chain, computing power industry chain, and other sectors lead gains, with nearly 4,500 stocks in Shanghai, Shenzhen, and Beijing rising.

Northbound funds net bought over 7 billion yuan of A-shares.

6G concept stocks strengthen, with Mingyang Circuit (300739) hitting the 20% daily limit, and China Telecom A and H shares rising together. A-shares hit the daily limit, and H-shares rose over 9%. FiberHome Technologies (600498) gained over 8%, with Xinwei Communication (300136), Guangxun Technology (002281), China Satellite Communications (601698), and others following suit. On the news front, ten countries including the US, Australia, Japan, South Korea, and the UK reached a consensus on the common principles for 6G wireless communication system development.

A-shares computing power concept stocks strengthen, with Hightech Development (000628) hitting the daily limit, Cambrian (寒武纪) rising over 10%, and previously Zhongke Shuguang (603019) and Runjian Shares (002929) hitting the daily limit. Ziguang Group (000938), Jingjia Micro (300474), Hongbo Shares (002229), and others surged.

A-shares satellite internet sector rose in the afternoon, with Zhenhua Technology (000733) hitting the daily limit, Shaanxi Huada, Chuangyuan Xinke, and Hengyu Xintong rising over 10%, and Liyang Chips, Nanjing Panda (600775), and Tianyin Electromechanical (300342) among the top gainers. On the news front, on February 26, China Aerospace Science and Technology Corporation (000901) released the “China Aerospace Science and Technology Blue Paper (2023),” indicating that China plans about 100 launches in 2024, potentially setting new records. Major tasks planned for 2024 include the first launch of the commercial space launch site and accelerated network construction for multiple satellite constellations.

(Editor: Song Zheng HN002)

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