【机构策略】预计A股市场短期将维持平稳上行态势

Group 1 - The A-share market experienced slight fluctuations with strong support from multiple favorable policies, leading to a positive outlook for the market [1][2] - Key sectors such as home appliances, liquor, pharmaceuticals, and banking performed well, while insurance, electronic chemicals, shipbuilding, and securities lagged [1] - There is an expected turnaround in overall profit growth for A-share listed companies in 2025, ending a four-year decline, particularly in the technology innovation sector [1][2] Group 2 - The trading volume in the Shanghai and Shenzhen markets exceeded 2 trillion yuan for the fifth consecutive trading day, indicating rising market sentiment [2][3] - A technical analysis shows that major A-share indices are above the 5-day moving average, suggesting a strong consolidation phase without a clear trend direction [2][3] - The ongoing reallocation of household savings into the capital market is providing a significant source of incremental funds [2][3] Group 3 - The market is expected to maintain a steady upward trend in the short term, driven by the structural shift of household wealth towards the capital market, continuous policy support, and a recovery in corporate profit cycles [1][2][3] - The anticipated interest rate cuts by the Federal Reserve are expected to weaken the dollar, improving cross-border capital flows and benefiting foreign investment in A-shares [1][2]