窄幅波动行情持续，机构称可维持“红利+科技”的哑铃配置

Group 1 - The A-share market opened lower and experienced narrow fluctuations, with most broad-based indices declining, while sectors like electronics, media, building materials, and home appliances remained in the positive territory [1] - The recent rise in interest for self-controllable technologies is reflected in the performance of the Sci-Tech Semiconductor ETF (588170), which rose over 1.2% in early trading, with leading stocks including Huahai Chengke, Helin Weina, Zhongke Feice, Jingyi Equipment, and Huahai Qingke showing significant gains [1] - According to Founder Securities, the current market reflects characteristics of innovation exploration during the early stage of economic transformation, with a focus on finding new growth points amid a phase of negative price growth [1] Group 2 - The Sci-Tech Semiconductor ETF (588170) tracks the Shanghai Stock Exchange Sci-Tech Board Semiconductor Materials and Equipment Theme Index, encompassing hard-tech companies in the semiconductor equipment and materials sectors [2] - The semiconductor equipment and materials industry is a crucial area for domestic substitution, characterized by low domestic substitution rates and high potential for domestic replacement, benefiting from the expansion of semiconductor demand driven by the artificial intelligence revolution and waves of technological restructuring and mergers [2]