The Market Witnessed Another Broad-Based Surge in Volume! The BSE 50 Index Soared by 10%, with Over 300 Stocks Rising More Than 9% [Stock Market Closing Review]

The market bottomed out and rebounded throughout the day, with the Shanghai Composite Index leading the gains, and the BSE 50 Index surged over 10%. The total turnover of the Shanghai and Shenzhen markets reached 170 billion yuan, an increase of 74 billion yuan compared to the previous trading day. In the futures market, stocks generally rose, with over 4,500 stocks advancing across the market, and nearly 300 stocks hitting the daily limit or rising over 10%. By sector, military stocks collectively surged, with over 20 stocks such as Northern Long Dragon hitting the daily limit. Consumer stocks rebounded, with the duty-free sector leading the gains, and over 10 stocks including China Tourism Group Duty Free hitting the daily limit. Port and unified market concept stocks were active, with Chongqing Port and others hitting the daily limit. By sector, military, duty-free, port, and semiconductor sectors led the gains, while banking and insurance sectors were among the few decliners. At the close, the Shanghai Composite Index rose 1.31%, the Shenzhen Component Index rose 1.22%, and the ChiNext Index rose 0.98%. By sector, military stocks led the gains, with stocks such as Aero Engine Corporation of China, Excelsior Nickel Cobalt, Northern Long Dragon, China Shipbuilding Industry Corporation Emergency Equipment, China North Industries Group Corporation Limited, Inner Mongolia First Machinery Group, and AECC Aviation Power hitting the daily limit. AVIC Securities pointed out that 2025 is the final year of the 14th Five-Year Plan, and demand in some areas, such as aerospace, is being released intensively, especially in sectors like aerospace defense. With downstream manufacturers taking orders, demand is gradually being released upstream in the industry chain. Most military electronics companies are in the upstream of the military industry and will benefit first as the industry reaches a turning point. It is expected that the new era military industry will have better asset quality, newer growth tracks, larger business scale, and higher market ceilings, and the valuation system of the military industry will also be reshaped, enjoying newer and higher premiums. The consumer sector remained active, with the duty-free concept experiencing a full-line surge in the afternoon, and stocks such as China Tourism Group Duty Free, Zhongbai Group, Wangfujing Group, Eurasia Group, Hainan Development, and Caissa Tosun hitting the daily limit. On the news front, the State Taxation Administration issued an announcement on promoting the "buy and refund" service for overseas tourists, clarifying that the service will be promoted nationwide starting from the 8th. Port and unified market concept stocks also strengthened during the session, with Chongqing Port, Lianyungang, Xiamen Port, Jinjiang Shipping, and Zhuhai Port hitting the daily limit. On the news front, according to Hangzhou Customs statistics, in Q1, the Zhejiang China-Europe Railway transported a total of 63,000 TEUs of import and export goods, up 4% YoY. The Zhejiang China-Europe Railway currently operates 25 routes, covering about 50 countries and regions in Asia and Europe and over 160 cities. From a market perspective, it is widely expected that the tariff policy game may accelerate the implementation of domestic demand policies, and the consumer sector, after a long period of consolidation, has a relatively obvious valuation advantage. It is expected that the domestic circulation direction represented by consumption will continue to attract capital inflows, and subsequent attention should be paid to the low-level catch-up opportunities emerging from the rotation of hot topics. At the individual stock level, short-term sentiment further improved today, with over 4,500 stocks advancing across the market, and nearly 300 stocks hitting the daily limit or rising over 10%. Among the stocks that rose more than three boards yesterday, only Xiangjia Co., Ltd. showed negative feedback, while almost all others advanced, with Hasense, Fuda Alloy, and Tairui Co., Ltd. performing dramatic intraday reversals. From the distribution of stocks hitting the daily limit, the domestic circulation direction represented by consumption and agriculture remains the core hot spot in the market. Among them, Xinsai Co., Ltd., Lianyungang, Guofang Group, and Aili Home Furnishing all achieved four consecutive daily limits, while the duty-free leader China Tourism Group Duty Free also hit the daily limit in the afternoon. On the other hand, the self-controllable direction represented by military and semiconductor chips also performed actively, with core popular stocks such as Unigroup Guoxin, China Great Wall hitting the daily limit, and Cambricon, Zhenhua Technology, and Jingjia Micro also leading the gains. If there is no sustained incremental capital in the future, it is expected that these two directions will continue in the form of rotational fluctuations, so mastering the rhythm remains key. Today, the market bottomed out and rebounded, eventually showing a broad-based rally with increased volume, with all three major indices closing in the green, and the BSE 50 surging over 10%, with turnover also rising to 170 billion yuan. Another positive phenomenon is that the number of stocks hitting the daily limit or falling over 10% has decreased to less than 10 today, and the continuous repair of the loss effect can also be seen as an important signal of stabilization. However, it should be noted that after two consecutive days of volume repair, the short-term market is once again facing a critical period. If it can effectively stand above the high of Monday's solid bearish line near 3,218 tomorrow, with the gradual filling of the gap, the market is still expected to continue the current strong rebound. On the contrary, if it encounters pressure and pulls back again, it should still be viewed as a structure of consolidation, but with the bearish sentiment being fully released earlier, even if the short-term market falls into adjustment again, there is still expected to be strong momentum to take over, and some structural opportunities can still be found in the rotation of hot topics. Market News Focus: 1. In the past three days, 111 A-share listed companies have announced share buybacks, involving a maximum amount of 67.1 billion yuan. Caixin, April 8th - This week, the A-share market experienced a significant adjustment. Based on the recognition of the long-term development prospects of China's capital market and the investment value of the companies themselves, many A-share listed companies have announced share buybacks or repurchases. According to Caixin statistics, since April 7th, 111 listed companies have announced share buybacks, of which 86 companies have disclosed specific buyback amounts, involving funds of 37.44-67.137 billion yuan. Specifically, CATL plans to repurchase 4-8 billion yuan, Kweichow Moutai plans to repurchase 3-6 billion yuan, PetroChina plans to increase holdings by 2.8-5.6 billion yuan, Sinopec plans to increase holdings by 2-3 billion yuan, XCMG plans to repurchase 1.8-3.6 billion yuan, Luxshare Precision plans to repurchase 1-2 billion yuan, and Midea Group plans to repurchase 1.5-3 billion yuan. 2. Xiao Lu from the Ministry of Commerce: China will work with more trading partners to inject stable forces into global trade growth. Caixin, April 9th - Xiao Lu, Deputy Director of the Foreign Trade Department of the Ministry of Commerce, stated at a press conference on April 9th that China's foreign trade has the confidence and strength to face various risks and challenges. Xiao Lu said that the confidence mainly comes from the solid foundation of foreign trade, the abundant new momentum, and the important "magic weapon" of "opening up". Xiao Lu pointed out that in 2024, China's goods import and export crossed two trillion-level steps, reaching 4.3 trillion yuan, and the international export market share remained stable and advanced, expected to reach around 14.7%. The vast number of foreign trade enterprises are the most solid foundation of China's foreign trade. Xiao Lu said that China's door will only open wider, and China will firmly practice true multilateralism, firmly maintain the global trade order, and work with more trading partners to achieve win-win results and inject more stability into global trade growth.