4月最后一天，A股出现重要变化！

Market Overview - The market experienced fluctuations with mixed performance across major indices, where the Shanghai Composite Index fell by 0.23%, while the Shenzhen Component and ChiNext Index rose by 0.51% and 0.83% respectively [1] - Over 3,400 stocks in the market saw gains, with total trading volume reaching 1.17 trillion yuan, an increase of 147.2 billion yuan compared to the previous trading day [1] - There was a notable shift in market sentiment as investors began to allocate funds towards favored sectors ahead of the holiday, particularly in technology stocks, while defensive assets like banks and utilities continued to adjust [1][11] Sector Performance - Technology-related sectors such as Huawei Ascend, humanoid robots, AI glasses, and computing power saw significant gains, while sectors like banking, electricity, steel, and ports faced declines [1] - The banking sector experienced a notable decline, with the overall banking index dropping by 1.75%, marking the second-largest drop of the month after April 7 [4][10] - Several bank ETFs were among the top decliners, reflecting the broader weakness in the banking sector [6][7] Earnings Reports - Recent earnings reports from major banks indicated a decline in net profits for Q1 2025, with notable decreases such as: - Huaxia Bank: 5.063 billion yuan, down 14.04% - Construction Bank: 83.35 billion yuan, down 3.99% - Industrial and Commercial Bank: 84.16 billion yuan, down 3.99% - Bank of China: 54.36 billion yuan, down 2.90% - China Merchants Bank: 37.28 billion yuan, down 2.08% - Postal Savings Bank: 25.24 billion yuan, down 2.62% [10] Future Outlook - The recent strength in technology stocks raises questions about whether this trend will continue post-holiday, as the market has shown a tendency for sector rotation between defensive and growth-oriented stocks [3][11] - Analysts suggest that the current trading volume is insufficient for a decisive breakout, predicting continued market fluctuations with potential rotations among consumption, technology, and dividend sectors [14] - The political bureau meeting emphasized the need for proactive macro policies to support high-quality development, which may bolster domestic demand and provide a relative advantage for A-shares compared to overseas markets [15]