收盘丨A股三大指数全天弱势震荡，算力产业链午后崛起

Market Overview - The A-share market experienced a weak fluctuation, with the Shanghai Composite Index down by 0.46%, the Shenzhen Component Index down by 0.97%, and the ChiNext Index down by 1.15% [2][3] - Over 4,000 stocks in the market declined, indicating a broad market downturn [5] Sector Performance - The banking and electric power sectors showed resilience, rising against the overall market trend [5] - Key sectors that faced significant declines included brokerage, rare earth, chemicals, liquor, and infrastructure [5] - Gold stocks collectively rose, with notable performers including Hengxing Technology, Teli A, and West Gold, which hit the daily limit [5] Capital Flow - Main capital inflows were observed in the banking, public utilities, and home appliance sectors, while there were outflows from electric equipment, machinery, and non-bank financial sectors [6] - Specific stocks that attracted net inflows included Midea Group, Hangang Co., and Saiyi Information, with inflows of 977 million, 911 million, and 759 million respectively [7] - Conversely, stocks like Wolong Electric Drive, Hezhuo Intelligent, and Dalian Heavy Industry faced significant sell-offs, with outflows of 821 million, 610 million, and 604 million respectively [8] Institutional Insights - Boshi Securities noted a lack of enthusiasm for market buying, suggesting that the 60-day moving average may be tested [9] - Shenwan Hongyuan emphasized that for the market to stabilize and break upward, it requires accompanying trading volume [10] - Guotai Junan highlighted that the months of April, July, and October have shown a strong correlation between stock performance and earnings growth, particularly emphasizing April as a critical month for market focus on growth [10]