On March 13, as of noon trading, the S&P dividend ETF rose 0.56%, with a turnover of 6.218,700 yuan. Component stocks had mixed ups and downs. On the upward side, Quartz shares led the rise, while Pingmei shares followed; on the downside, 37 Mutual Entertainment led the decline, and Yongxing Materials followed the decline. Zhongyuan Securities pointed out that March to April is the peak period for annual report disclosure. The recovery of corporate profits will directly affect market confidence, and we need to be wary of the risk of individual stocks whose performance falls short of expectations. Short-term capital preferences are shifting to the defensive sector, and high-dividend assets are showing steady performance, while the technology growth sector is pressured by high valuations, and the market has entered a stage of style rebalancing. As domestic macro-control and growth promotion policies continue to be implemented, the future market is expected to show the characteristics of leading technology, dividend defense, consumption recovery, and domestic demand driving. Investors are advised to seize structural opportunities and balance defense and growth.

On March 13, as of noon trading, the S&P dividend ETF rose 0.56%, with a turnover of 6.218,700 yuan. Component stocks had mixed ups and downs. On the upward side, Quartz shares led the rise, while Pingmei shares followed; on the downside, 37 Mutual Entertainment led the decline, and Yongxing Materials followed the decline. Zhongyuan Securities pointed out that March to April is the peak period for annual report disclosure. The recovery of corporate profits will directly affect market confidence, and we need to be wary of the risk of individual stocks whose performance falls short of expectations. Short-term capital preferences are shifting to the defensive sector, and high-dividend assets are showing steady performance, while the technology growth sector is pressured by high valuations, and the market has entered a stage of style rebalancing. As domestic macro-control and growth promotion policies continue to be implemented, the future market is expected to show the characteristics of leading technology, dividend defense, consumption recovery, and domestic demand driving. Investors are advised to seize structural opportunities and balance defense and growth.