2026.03.06 Review: Power Grid Equipment Frenzy? What's your take on this move by ShunNa Shares?

1. Market Sentiment (Emotion Cycle)

Index and Volume: Today’s total market turnover was 2.200149 trillion yuan, a sharp increase from yesterday’s 144.871 billion yuan, breaking the 2 trillion mark directly. Volume more than doubled! This is not a small rebound; it’s a sign of frantic capital inflow. Volume is the confidence for short-term continuation. As long as volume remains high, the rally can tolerate some errors. No need to fear local divergences; what’s dangerous is a sudden collapse after volume shrinks and accelerates. The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all closed slightly higher. The indices are steady, but thematic speculation has entered a heated phase — a typical “indices set the stage, themes perform the show” pattern.

Sentiment Thermometer: 88 stocks hit the daily limit, only 5 stocks hit the limit down. 4,068 stocks rose, 1,051 fell. Bulls dominate bears. Today is definitely a “buy the meat” day — you can blindly buy leading stocks and still get a share of the gains. But beware: many limit-ups don’t mean no traps. Although the failure rate of breaking the limit isn’t explicitly given, from the weakening of some stocks’ order books at the close, fund disagreements have already begun to emerge. They are just masked by overall euphoria. Don’t be fooled by superficial prosperity.

Core Judgment: We are currently in the late stage of the emotion cycle’s fermentation, about to reach a climax. Volume is expanding, and the number of limit-up stocks is surging, indicating strong market enthusiasm. The main themes have already shown profit-making effects. However, leading stocks are accelerating with shrinking volume, and there are too many follow-up trades in the back ranks. Divergences could appear at any time. Currently, it’s a stage of “hidden risks in celebration, opportunities in divergence.” Don’t blindly chase highs or easily turn bearish.

2. In-depth Analysis of Main Themes

Theme 1: Power Grid Equipment (Core Mainline, 6 limit-ups)

Logic: Pure capital grouping + policy expectations resonance. Previously, State Grid announced a significant increase in “14th Five-Year Plan” investments, boosting inter-provincial transmission capacity. Overseas, the US has started ultra-high-voltage transmission grid construction. Domestic and foreign demand are resonating. Funds are leveraging this to create a mainline. Yesterday’s sector groundwork laid the foundation, and today it exploded, becoming the most solid theme — no doubt.

Leading Stock: Focus on Shun Na Co., Ltd. (000533). At 09:25:00, it hit the limit-up with a single order, with a 422 million yuan order book. Turnover was only 1.45%. The limit-up ratio was 2.85, a typical volume-shrinking, accelerating one-word limit. Its temperament: currently the only stock with three consecutive limit-ups (two yesterday, one today), firmly holding the market’s top position. Strong willingness from funds to lock in positions. No turnover means rapid acceleration, showing high recognition of its leading status. But the fund’s intention is clear: speculators lock in to set a benchmark, attract followers, and earn relay premiums. The downside: insufficient turnover today means no full exchange of chips, so divergence is inevitable tomorrow. Likely, it will open and trade with a change of hands, testing support.

Mid-tier / Catch-up: The mid-tier is Weixing Chemical (002498). At 09:33:18, it hit the limit-up with a 997 million yuan order book, 9.97% turnover, limit-up ratio 0.06. Fully traded, but the order book is weak. Funds are aiming for steady, cautious positioning, not chasing the leading stock’s volume acceleration. It’s suitable for low buy-in. If the leader diverges tomorrow, it’s likely to pick up the slack.

Catch-up: Yaxing Chemical (600319) at 09:25:03, hit the limit-up with a 96.75 million yuan order book, 3.08% turnover, limit-up ratio 0.94. Pure follow-the-leader, volume shrank, no unique temperament. Funds are short-term arbitrageurs. If the leader diverges tomorrow, it’s likely to be the first to get sold off — avoid it. Other power grid stocks hitting the limit are mostly follow-ups from the back ranks, with large disagreements among funds. They are likely to drop out tomorrow. No need to waste energy on them.

Theme 2: Chemical Raw Materials (Strong Sub-line, 6 limit-ups)

Logic: Driven by commodity price fluctuations + agrochemical demand linkage. Recently, although the commodity market has been volatile, the chemical raw materials sector has been boosted by rising downstream demand for agrochemical products and expectations of price increases. Funds are leveraging this to speculate, forming a strong sub-line outside the main themes. It forms a dual-mainline pattern with power grid equipment, but fund concentration is lower. It’s a “follow the soup” theme. Recent commodity index trends support short-term price increase expectations, and funds are positioning for arbitrage.

Leading Stock: Hangjin Technology (000818). At 14:33:42, it hit the limit-up at the close with a 213 million yuan order book, 6.57% turnover, limit-up ratio 0.22. It’s a divergence limit-up. Temperament: average, no absolute leader position. Funds aim for late-day buying, hoping for continuation tomorrow. But the order book is weak, indicating large disagreement among funds. Not a strong leader. If the sector doesn’t continue, it’s likely to open and weaken tomorrow. High risk of being halted.

Mid-tier / Catch-up: Satellite Chemical (002648). At 13:16:54, hit the limit-up with a 107 million yuan order book, 3.10% turnover, limit-up ratio 0.04. Weak order book, no long-term holding intent. Likely to surge then fall back tomorrow. Suitable for quick arbitrage.

Catch-up: Yaxing Chemical (600319). At 13:18:28, hit the limit-up with a 96.75 million yuan order book, 3.08% turnover, limit-up ratio 0.94. Stronger order book, a leading catch-up stock in the sector. Funds aim for sector rotation, with higher tolerance than Hangjin. Small positions for trial, avoid holding long-term.

3. Dragon & Tiger List and Capital Under Currents

Northbound Funds: Net zero buy-in, a typical “spectator” stance. No foreign capital entered today, indicating cautious attitude toward current euphoria. They avoid chasing high at the top, fearing high-position traps. This is a key signal — the market is mainly driven by retail and local speculators, with no backing from foreign funds. Short-term volatility will increase, especially in stocks with shrinking volume at the top, where divergences are more likely to cause stampedes.

Big Players’ Movements: Today’s Dragon & Tiger list shows clear divergence. Two main types:

1. *ST Guohua (000004), *ST Dahua (002512): Both fell for three consecutive days, with a cumulative deviation of 12%. Both are ST stocks, indicating fund escape and garbage stock cleanup signals. They are “big trash stocks.” Don’t try to bottom fish — it’s like catching a flying knife. Funds are fleeing at all costs, with no intention of supporting.

2. Huashu Holdings (000509), Meili Yun (000815), Shandong Molong (002490): Each rose for three days, with a cumulative deviation of 20%. Huashu and Meili Yun are rebounds after previous hot sectors, with short-term arbitrage intent. They are profit-taking signals, likely to fall back tomorrow. Shandong Molong is a sector catch-up, also a fund exit signal. Avoid them short-term.

Overall, today’s Dragon & Tiger list shows no signs of institutional long positions. Mostly retail and short-term speculators. No strong evidence of genuine institutional support. Divergences will likely increase.

4. Tomorrow’s Practical Strategy

Core forecast: The most probable scenario is — mainline power grid equipment stocks diverge with rotation, chemical raw materials may continue or not, and the overall market is in its final divergence before climax. Profit effects are concentrated in the front ranks of the mainline, while back ranks fall behind. The reason: today’s mainline leader Shun Na Co. (000533) shrank volume and accelerated without turnover, with profit-taking piling up. Tomorrow, divergence is inevitable. Funds will switch between high and low positions, moving from high-volume stocks to low-volume, high-turnover stocks. Although volume expands, Northbound funds are just watching, and the market is dominated by retail and local speculators. Divergences will come faster, and the market will likely move “forward amid divergence.”

Response Strategy:

1. Mainline Play: Focus on power grid equipment, especially Shun Na Co. (000533). If it opens high with shrinking volume and accelerates, do not chase. Cancel orders immediately. Wait for it to open and trade with a change of hands, with at least 5% turnover. Once stable, consider buying on the breakout, with stop-loss at the day’s low. If it opens lower and divergence appears, do not rush to bottom-fish. Wait for stabilization (e.g., around 3% drop) before low-buying for a rebound. For Han Lan Co. (002498), low buy for arbitrage is possible. If it receives strong support tomorrow, it may close green. But if the leader collapses, it will likely fall with it — take profits promptly.

2. Sub-line Opportunities: If power grid stocks diverge, funds may flow into low-priced sectors like aquaculture and agrochemicals. Watch Xiangjia Co. (002982) in aquaculture — today’s leader with sufficient turnover and decent support. If sector strength continues tomorrow, try small positions for quick trades. For agrochemicals, focus on Nongda Technology. If the sector extends, consider small low-position buys. Avoid chasing for long-term, focus on arbitrage.

3. Defensive Counterattack: If the market weakens (e.g., Shun Na stalls, more limit-down stocks), keep cash or light positions. Do not blindly bottom-fish. Wait patiently for the market to hit a bottom after divergence. Use small positions for initial limit-up trades. Avoid heavy positions to prevent being caught at high levels. Key stocks to avoid: Samsung Medical (601567), Satellite Chemical (002648), which are likely to be halted tomorrow.

5. Message to Fellow Traders

Short-term trading is about rhythm, not blindly following. Today, 88 stocks hit the limit-up. Many traders got carried away, chasing high-volume acceleration in stocks like Samsung Medical and Satellite Chemical, thinking they could win easily. But they forgot the rule: “Volume acceleration always brings divergence.” The more euphoric the market, the more alert you must be. Shrinking volume with acceleration is deceptive — seemingly strong, but hiding risks. Stocks with full turnover are true safe havens.

Don’t be greedy, don’t fight the trend. Short-term success depends on quick in-and-out. Take profits early, cut losses fast. Don’t hold onto hope — a single mistake can wipe out all gains. Today’s winners, see you tomorrow — take profits when the time is right. Those who missed out, don’t rush. The market isn’t short of opportunities; what’s missing is patience and discipline. Wait for divergence to settle, then pick up chips — that’s the safest approach.

Finally, I wish everyone’s accounts stay in the green, daily limit-ups, continuous gains, no pitfalls in divergence, and doubling your money is not a dream!