The Shanghai Composite Index opens below 3,900 points again, with aluminum industry and coal stocks surging.

Ask AI · What insights do analysts have on investment opportunities in the manufacturing sector?

China News Network · Jingwei, March 30, reported that on March 30, the three major A股 market indexes opened lower across the board. The Shanghai Composite Index fell 0.75% to 3,884.28 points, the Shenzhen Component Index dropped 1.03% to 13,618.79 points, and the ChiNext Price Index declined 1.26% to 3,254.43 points.

On the trading front, sectors such as aluminum industry, oil and natural gas, and coal led the gains, while internet and semiconductor sectors led the declines.

Source: Wind

Most stocks in the aluminum industry concept rose. Minfa Aluminum, Yiqiu Resources, and Changlu Co., Ltd. hit the daily limit, while Yunnan Aluminum shares rose more than 7%, Nanshan Aluminum rose more than 6%, and Liyuan Shares and Huafeng Aluminum rose more than 5%.

Oil and natural gas stocks rose. Taishan Petroleum rose more than 4%, Intercontinental Oil and Gas rose more than 3%, and Blue Flame Holdings, China National Petroleum, and several other stocks rose more than 2%.

The coal sector led the gains. Power Investment Energy and Shanghai Energy rose more than 3%, and Shaanxi Heimao followed higher.

Oriental Securities analysis said that investment opportunities are in stocks with medium-risk characteristics, and the small-to-mid-cap blue-chip trend is also being played out. Among small-to-mid-cap blue chips, now should be more actively focused on investment opportunities in the manufacturing sector than before. Against the backdrop of unprecedentedly prominent global energy security demands, China’s new energy industries (solar photovoltaic, wind power, and transmission and distribution) that have global competitive advantages are undoubtedly the core main storyline of the manufacturing sector.

Hu’an Securities stated that looking ahead to April, external disturbances still exist and uncertainty remains. It is expected that the market will continue to experience volatility, but further downside room is already limited. In terms of allocation strategy, with overseas risk disturbances still under a relatively high level of uncertainty, safe-haven assets can still serve as the most basic allocation holding. (China News Network · Jingwei APP)

(The views presented in this article are for reference only and do not constitute investment advice. Investing involves risk; enter the market with caution.)