A股短期宽幅震荡 机构建议把握结构性机会

Market Overview - The A-share market is experiencing a volatile adjustment, with the ChiNext index showing strength by rising 0.95% while the main indices fell [1][2] - The total trading volume in the A-share market reached 2.40 trillion yuan, a decrease of 516.7 billion yuan from the previous trading day, marking the 16th consecutive trading day with volumes exceeding 2 trillion yuan [1][2] Sector Performance - The photovoltaic, precious metals, optical module, and gaming sectors saw gains, while military, securities, and small metals sectors faced adjustments [2] - In the photovoltaic sector, notable stocks included Upwind Electric and Lushan New Materials, both hitting the daily limit, while Airo Energy rose over 19% and Sunshine Power over 15% [2] - The precious metals sector saw West Gold hitting the daily limit, with other stocks like Zhaojin Gold and Zhongjin Gold rising over 6% [2] Investment Strategy - Analysts suggest adopting a barbell strategy to capture structural opportunities, focusing on high-growth sectors such as computing chips, innovative pharmaceuticals, and photolithography for offensive positions, while defensive positions should include banks and precious metals [4] - Recommendations include sectors with strong cyclical performance and low valuations, such as non-bank financials, military, and non-ferrous metals, as well as media benefiting from AI applications [4] Market Sentiment - Despite short-term volatility, the overall trend for A-shares remains upward, supported by active market participation and favorable policy expectations [3][4] - The financing balance has been increasing since August, indicating a recovery in risk appetite among investors [2][3]