Daily Economic Brand 100 Index Weekly Gain of 1.6%, Constituent Stock China State Construction Engineering up Over 20% in a Single Week

The Daily Economic News Reporter | Liu Mingtao The Daily Economic News Editor | Xiao Ruidong

Recently, the market has shown a volatile pattern amid geopolitical disturbances and policy expectations, with risk appetite declining. However, despite increased fluctuations in the external markets due to the Middle East situation and oil prices, the A-shares overall still demonstrate strong resilience.

In this complex environment, the Daily Economic News Brand 100 Index ended its adjustment and rebounded strongly this week, rising 1.6%, outperforming the two major indices of Shanghai and Shenzhen.

This week, the main market fluctuated repeatedly, with the three major indices showing mixed weekly K-line performance. As of the close on March 13, the Shanghai Composite Index fell 0.7%, closing at 4,095.45 points; the Shenzhen Component Index and the ChiNext Index rose 0.76% and 2.51%, respectively, while the STAR 50 Index declined again, with a weekly drop of 2.88%. The Daily Economic News Brand 100 Index ended its adjustment this week, achieving a strong rebound with a weekly increase of 1.6%, closing at 1,078.89 points.

In terms of constituent stocks, China Power Construction and CATL both saw weekly gains exceeding 10%; Golden Dragon Fish, BYD, Geely Auto, and Tencent Holdings also gained over 5%, performing well. Regarding market capitalization, Tencent Holdings and CATL saw weekly increases of around 200 billion yuan; China National Offshore Oil Corporation (CNOOC) and BYD each increased their market value by over 50 billion yuan during the week.

Market environment-wise, the Middle East situation remains unresolved, with some Gulf countries beginning to cut oil production. Oil prices are expected to continue rising, and concerns about stagflation continue to suppress global risk appetite. Domestically, under the background of a new round of domestic demand expansion and “anti-involution” policies gradually taking effect, price indices show positive signs. Additionally, in 2026, the government plans to allocate 800 billion yuan in policy-based financial instruments, an increase of 300 billion yuan compared to last year, with related policies being advanced to the government work report and accelerated implementation, aiming to more effectively stabilize investment growth.

Some securities firms pointed out that until there are clear signs of easing in the Middle East situation, market risk appetite will remain suppressed. The market is still in a high-volatility state driven by news, and short-term fluctuations or consolidation are likely to continue.

Looking at the performance of the constituent stocks of the Daily Economic News Brand 100 Index this week, China Power Construction was the strongest, with a weekly increase of 20.64%, the only constituent stock in the index to rise more than 20%.

On March 11, China Power Construction released its main operational data for January and February, showing a total of 1,218 new projects signed. Regionally, domestic contracts amounted to 107.005 billion yuan, down 32.58% year-on-year; overseas contracts reached 40.888 billion yuan, up 19.92% year-on-year.

Notably, China Power Construction has been signing large contracts consecutively over the past week. On March 11, the company announced that China Power Construction Corporation, together with its subsidiaries China Power Construction Municipal Construction Group and China Power Construction Group Chengdu Survey and Design Institute, formed a joint venture to sign a design and construction EPC contract for a highway project in Montenegro, with a contract value of approximately 5.636 billion yuan RMB. On the evening of March 12, China Power Construction announced another major contract: its Abu Dhabi branch, together with its subsidiary China Power Construction Group East China Survey and Design Institute, signed an EPC contract for the Abu Dhabi RTC 2.1GW+7.75GWh solar storage project with Abu Dhabi Future Energy Company, with a contract value of approximately 13.962 billion yuan RMB.

Galaxy Securities analysts pointed out that China Power Construction closely aligns with the national “dual carbon” strategy, maintaining advantages in traditional businesses while actively expanding into emerging fields such as new energy storage. The company’s order backlog is expected to remain ample, supported by major national projects like the Yajiang Hydropower Station and wind-solar integration, as well as the expansion of the Belt and Road markets.

As a large-scale comprehensive enterprise in hydropower and water conservancy, China Power Construction possesses a complete technical system for surveying, design, construction, and operation of hydropower, thermal power, wind power, and solar power projects.

It is understood that China Power Construction continues to strengthen its leadership position in global clean energy and water conservancy construction. As a core strategic force ensuring the supply of green low-carbon energy, water resources safety, and ecological environment security, it has undertaken over 80% of China’s river planning and large to medium-sized hydropower station surveys and design tasks, completed over 65% of domestic large and medium-sized hydropower station construction projects, and holds 90% of the domestic pumped storage survey and design market and 78% of construction shares. It also leads over 50% of the global large and medium-sized hydropower construction market; domestically, it has undertaken over 60% of wind and solar power project planning, design, and construction tasks.

Market insiders pointed out that the 2026 National Two Sessions clearly emphasized advancing the construction of the “Six Networks”—water network, power grid, computing network, etc. Supported by more proactive fiscal policies, funding for major projects and infrastructure is well guaranteed. Infrastructure investment is expected to remain stable, and leading construction state-owned enterprises and major project-capable companies will continue to benefit.

Cover image source: Daily Economic News Media Library