三大指数震荡走高 创业板指涨1.86%

Market Performance - The A-share market experienced a strong upward trend, with the ChiNext Index leading the gains [1] - As of the close, the Shanghai Composite Index rose by 0.33% to 3609.71 points, the Shenzhen Component Index increased by 0.64% to 11289.41 points, and the ChiNext Index surged by 1.86% to 2406.59 points [1] - Both the Shenzhen Component Index and the ChiNext Index reached new highs since November 2024 [1] - The total trading volume in the Shanghai and Shenzhen markets was 18031.71 billion [1] Sector Performance - The CRO, steel, CPO, and advanced packaging sectors showed the highest gains, while insurance, pork, banking, and agriculture sectors faced the largest declines [1] - Pharmaceutical stocks saw a collective surge, particularly in the CRO and innovative drug sectors, with companies like Chenxin Pharmaceutical (603367) hitting the daily limit [1] - CPO and other computing hardware stocks experienced strong fluctuations, with companies like Zhongji Xuchuang (300308) reaching historical highs [1] - Super water power concept stocks rebounded in the afternoon, with Tibet Tianlu (600326) hitting the daily limit [1] Market Outlook - Dongfang Securities believes that the market is in a structurally bullish atmosphere, which is expected to continue [1] - The recent market trend shows a dominant bullish sentiment, with increasing capital inflow as the profit-making effect accumulates in hot sectors [1] - In addition to the broad technology sector, the narrative against "involution" is strengthening, and traditional cyclical industries are also facing a rebound from the bottom [1] - The prevailing investment thinking remains focused on industrial narratives, with short-term rotations expected in sectors such as non-ferrous metals, communications, innovative drugs, military industry, and gaming [1]