A股市场两大指数创今年以来新高

Market Overview - A-shares experienced a strong rally on July 21, with all three major indices rising, and both the Shanghai Composite Index and the ChiNext Index reaching new highs for the year [1][2] - The total market capitalization of A-shares reached a historical high of 104.40 trillion yuan [5] - The trading volume was 1.73 trillion yuan, an increase of 133.8 billion yuan compared to the previous trading day [2] Sector Performance - The big infrastructure sector saw significant gains, with construction materials, construction decoration, and steel industries leading the market [1][2] - The construction materials sector had notable performers, with over 20 stocks hitting the daily limit, including Jinju Group and Xizang Tianlu [2] - The robotics sector, particularly Yushutech, surged following news of its IPO counseling, with stocks like Changsheng Bearing and Zhongdali De also hitting the limit [3] Financing and Capital Flow - The financing balance in the A-share market increased by over 51 billion yuan in July, indicating a strong inflow of capital [3][4] - Among 31 sectors, 26 saw an increase in financing balance, with the power equipment, computer, and non-ferrous metals sectors leading in net buying [4] - Specific stocks like Xinyisheng and Dongshan Precision saw significant increases in financing, reflecting strong investor interest [4] Future Outlook - Analysts suggest that the mid-term market trend will be determined by fundamentals, but capital flow will also play a crucial role [5] - The market is transitioning to an incremental market, with expectations of continued capital inflow and potential sector rotations post mid-year earnings [5][6] - Recommended sectors for investment include electronics, machinery, pharmaceuticals, defense, and non-ferrous metals, driven by strong industry trends and improving corporate earnings [5][6]