Zheng Quan Shi Bao Wang·2025-04-29 08:32Market Overview - A-shares experienced slight fluctuations with major indices showing mixed results; the North Star 50 rose by 1.23%, while the Shanghai Composite Index and CSI 300 showed minor declines [1] - Market trading volume decreased slightly due to holiday effects, maintaining a low operating level [1] Sector Performance - PEEK materials, animal health, medical beauty, and daily chemical sectors led the gains, while textile manufacturing, electricity, oil, and liquor sectors faced the largest declines [3] - Mechanical equipment saw a net inflow of over 5.7 billion, while the computer sector had over 4.9 billion in net inflow; electronic and basic chemicals also received over 3 billion [3] - Public utilities experienced a net outflow of over 3.1 billion, with non-bank financials seeing a net outflow of over 1.5 billion [3] Future Market Outlook - According to Cinda Securities, the current tariff impact is a significant black swan event, but due to its occurrence in the early stages of a bull market, the valuation impact may have already been completed [3] - The market is expected to experience potential positive logic in the coming month, with concerns about Q2 to Q3 earnings likely to persist, leading to possible fluctuations from May to July [3] - Bank of China International believes that while short-term upward momentum may slow, the downside risk remains controllable due to low valuation levels and favorable Q1 fundamentals [3] Sector Highlights - The medical concept sector strengthened in the afternoon, with medical beauty leading the gains, and the sector index surged over 3% near the close [4] - AI medical concepts, pharmaceutical commerce, family doctor, and elderly care sectors also saw significant gains, with companies like Saili Medical hitting the daily limit [6] - The chemical sector collectively surged, with dispersed dye concepts leading the charge, and companies like Jihua Group and Runtu Co. hitting the daily limit [7] Investment Insights - According to Guangfa Securities, AI technology is reshaping the service models and operational efficiency of medical institutions, showcasing significant value in various fields [7] - The chemical sector is expected to see a recovery in profitability driven by macroeconomic recovery and overall industrial demand improvement starting from 2025 [9] - Continued optimism for low-valuation, high-dividend, and strong-performing "three barrels of oil" and oil service sectors, as well as material companies benefiting from domestic substitution trends [9]