Group 1 - The A-share market experienced slight fluctuations after a high opening, with the index finding support around 3293 points, while sectors like automotive parts, general equipment, consumer electronics, and communication equipment performed well, whereas precious metals, jewelry, commercial retail, and food and beverage sectors lagged [1] - The fiscal policy is expected to become more proactive by 2025, and the central bank may consider lowering reserve requirements and interest rates to maintain ample market liquidity and support economic recovery [1] - The market is currently in a phase of sectoral divergence, with large-cap blue chips in finance and real estate benefiting from continued institutional inflows, while the technology growth sector continues to adjust [1] Group 2 - The market showed mixed performance with rapid rotation of hotspots, and the overall sentiment improved as concerns over the independence of the Federal Reserve eased, leading to a decrease in global risk aversion [2] - Domestic macro policies are expected to focus on stimulating consumption, stabilizing the real estate market, supporting the stock market, and promoting private enterprises in the second quarter [2] - The market is advised to focus on sectors with certainty and safety margins, particularly those related to performance, domestic demand, and self-sufficiency [2] Group 3 - The countdown to mass production of Tesla's Optimus robot is underway, with a target of one million units by 2029, which has catalyzed activity in the robotics sector [3] - The approval of Meituan's drone logistics qualifications has stimulated significant stock movements in related companies, with the sector's trading volume surpassing 50 billion [3] - The sustainability of the robotics and low-altitude economy sectors remains uncertain, depending on the emergence of new leading companies [3]
【机构策略】机构：把握结构性机会 兼顾防御与成长
Zheng Quan Shi Bao Wang·2025-04-24 01:22