郑眼看盘 | A股冲高后震荡，可逢低吸纳

Market Performance - A-shares experienced a continuous increase in the first three days of the week, with a notable retreat on Friday, resulting in major indices closing with significant upper shadows [1] - The Shanghai Composite Index rose 1.91% for the week, closing at 3424.23 points, down from a high of 3462.75 points [1] - The Shenzhen Composite Index, ChiNext Index, Sci-Tech Innovation 50, and North Star 50 increased by 4.24%, 5.71%, 3.17%, and 6.84% respectively over the week [1] External Influences - The market opened lower on Monday due to U.S. airstrikes on ISIS nuclear facilities but rebounded unexpectedly [1] - News of a ceasefire between Israel and Iran boosted market risk appetite, leading to further gains on Tuesday [1] - A subsequent statement from U.S. President Trump regarding potential military conflict between Israel and Iran contributed to a slight market pullback on Thursday [1] Sector Performance - On Wednesday, brokerage stocks surged due to favorable news, contributing to the overall market rise [1] - On Friday, the banking sector faced a significant decline, impacting the Shanghai Composite Index, while other major indices showed slight increases [1] - The Shanghai Banking Index had risen for nine consecutive weeks prior to the recent downturn, indicating a strong performance before the correction [1] Industrial Profit Trends - From January to May, profits of large-scale industrial enterprises fell by 1.1% year-on-year, a decline from a 1.4% increase in the previous period [2] - In May alone, profits dropped by 9.1% year-on-year, significantly lower than the 3.0% increase in April [2] - This decline in industrial profits is expected to exert pressure on most stocks, including banking shares [2] Market Outlook - Investor demand for year-end accounting is likely to have subsided, leading to reduced volatility in individual stocks or sectors [2] - External disturbances appear to have stabilized, with increasing expectations for a Federal Reserve interest rate cut, suggesting a supportive external environment for A-shares [2] - The outlook for the second half of the year indicates that the upward potential for A-shares is likely greater than the downside risk [2]