沪指突破3800点，行情还能持续吗？公募基金看好哪些板块？

Core Viewpoint - The A-share market is experiencing a significant rally, with the Shanghai Composite Index reaching a 10-year high, driven by various sectors including technology and finance, and supported by strong market sentiment and capital inflows [2][4][5]. Market Performance - As of August 22, 2025, the Shanghai Composite Index has risen to 3825.76 points, marking a 14.14% increase since the beginning of the year. The Shenzhen Component Index and the ChiNext Index have also seen gains of 16.82% and 25.26%, respectively [5]. - The total market capitalization of A-shares has surpassed 100 trillion yuan, with 4643 stocks experiencing price increases this year, and 371 stocks doubling in value [4]. Trading Activity - The A-share market has shown robust trading activity, with trading volumes exceeding 2 trillion yuan for eight consecutive trading days as of August 22, 2025 [6]. - Margin trading balances have also increased, surpassing 2 trillion yuan since August 5, indicating a rise in leveraged investments [7]. Future Market Outlook - Analysts from various funds, including Bosera and Guotai, express optimism about the continuation of the current market rally, citing factors such as the return of overseas capital and a gradual recovery of the domestic economy [8][9]. - The market is expected to exhibit a "slow bull" pattern, with structural rotation among sectors like finance, technology, and cyclical industries [8][9]. Sector Investment Opportunities - Key sectors identified for investment include financials (brokerage, insurance, and banks), technology (AI and semiconductors), and cyclical products benefiting from "anti-involution" policies [11][12]. - Guotai Fund highlights opportunities in AI, non-bank financials, and dividend stocks, while also emphasizing the importance of maintaining a balanced portfolio to manage potential volatility [12][13]. Investor Behavior - There has been a notable increase in individual investor participation, with 14.51 million new accounts opened in the first seven months of the year, reflecting a 36.93% year-on-year growth [12]. - New investors are advised to approach the market cautiously, managing their positions and staying informed about market trends to avoid impulsive trading behaviors [13].