Di Yi Cai Jing·2025-06-18 07:26Market Performance - The Shanghai Composite Index rose by 0.04% to close at 3388.81 points, while the Shenzhen Component Index increased by 0.24% to 10175.59 points. The ChiNext Index also saw a rise of 0.23% to 2054.73 points. The STAR 50 Index experienced a notable gain of 0.53% [1][2]. Sector Performance - The semiconductor industry chain showed significant growth, with leading sectors including military industry, computing power, consumer electronics, and banking. Conversely, rare earth permanent magnet stocks experienced a substantial correction, and sectors such as new consumption, IP economy, brain-computer interface, and innovative pharmaceuticals weakened [4][5]. Capital Flow - Main capital inflows were observed in the electronics, national defense, banking, and machinery equipment sectors, while there were net outflows from non-bank financials, metals, media, and real estate sectors. Specific stocks like Huadian Technology, Zhongchao Holdings, and BYD saw net inflows of 713 million, 588 million, and 449 million respectively. In contrast, stocks such as Lakala, Rongfa Nuclear Power, and Lianhua Technology faced net outflows of 893 million, 790 million, and 429 million respectively [6]. Institutional Insights - According to Caixin Securities, the recent rise in overseas risks is likely to dampen domestic investor sentiment, leading to a probable continuation of market fluctuations. The A-share market is currently in a consolidation phase since the 924 rally, with a focus on potential policy announcements at the end of July and September as key to breaking out of the current range [7]. - Dongfang Securities noted that ongoing geopolitical tensions and high global interest rates may hinder sustained liquidity. The market is expected to focus on structural trends, with attention on the fiscal stimulus rhythm in the third quarter and the resilience of domestic demand [7].