By Zheng Buchun

A-shares went up broadly on the first trading day back from China's Tomb Sweeping Festival. Shanghai Composite finished 1.48% higher at 3270.31 points. Shenzhen Main Board, Small and Medium Enterprise Board, and ChiNext even soared 1.85%, 1.72% and 2.04% respectively. Most of the shares pressed ahead yesterday with "Xiong'an concept stocks" displaying leadership.  

Xiong'an concept stocks are likely to remain hot for a while. Investors can spare some time to study those stocks. Broadly speaking, stocks of listed companies in Hebei province are all considered as such kind of stocks. There are about 50 listed companies in Hebei so far. Over 30 of them have or almost soared to their daily limit yesterday. However, not a single "Xiong'an share" retreated.

But I think it is still too early to tell well-performing stocks from all Hebei-linked stocks at the initial stage. So you are not advised to chase the market at the moment. It would be better to be patient and wait for more signals.

Before the festival, I said that stocks will rise earlier this month, and peak at some time later. But when to peak is largely based on potential Fed's rate hikes. And I still hold that now.

(Zheng Buchun is NBD's columnist)

Email: tanyuhan@nbd.com.cn