午评：创业板指半日涨1.72% 军工板块再度爆发

Market Performance - The Shanghai and Shenzhen stock markets opened higher on May 12, with the ChiNext index rising over 2% before retreating [1] - The military industry stocks showed strong performance, with over 20 stocks hitting the daily limit, including Kunshan Intelligent and Aerospace South Lake [1] - The total trading volume for the two markets reached 843.2 billion yuan, an increase of 55.2 billion yuan compared to the previous trading day [1] Sector Highlights - Key sectors that performed well included military electronics, internet e-commerce, and small metals, while sectors like precious metals and power saw declines [2] Institutional Insights - China Galaxy Securities expects the A-share market to maintain a range-bound fluctuation, recommending focus on dividend-paying sectors with stable returns, technology narratives, and consumer sectors supported by policy [3] - Huatai Securities anticipates a positive outlook for the passenger car sector, with revenue and net profit expected to grow by 8% and 19% year-on-year, respectively [3] - CITIC Construction suggests focusing on the communication sector, particularly on high-growth, low-valuation stocks and quality dividend assets like telecom operators [3] Economic Developments - The Chinese government has emphasized the importance of maintaining strategic focus in response to complex international situations, promoting new production capabilities and upgrading key industries [5] Company News - CATL announced a maximum issuance price of 263 HKD per share for its upcoming listing in Hong Kong, with plans to issue 117.9 million H-shares [6][7]