收评：沪指缩量微涨，石油、地产等板块拉升，算力概念等活跃

Core Viewpoint - The A-share market shows signs of recovery with increased liquidity and positive long-term trends despite recent fluctuations in global markets [1] Market Performance - On the 10th, the stock indices rebounded after hitting lows, with the ChiNext Index and the Sci-Tech 50 Index rising over 1%. The Shanghai Composite Index increased by 0.13% to 3812.22 points, while the Shenzhen Component Index rose by 0.38% to 12557.68 points. The ChiNext Index climbed 1.27% to 2904.27 points, and the Sci-Tech 50 Index gained 1.09%. The total trading volume in the Shanghai and Shenzhen markets reached 200.42 billion yuan [1] Sector Analysis - Sectors such as non-ferrous metals, coal, electricity, steel, and chemicals experienced declines, while tourism, catering, oil, media, real estate, and retail sectors saw gains. Concepts related to CPO, computing power, and satellite connectivity were particularly active [1] Liquidity and Market Support - According to Founder Securities, since September of last year, the overall liquidity in the A-share market has been improving, with a significant increase in trading volume and financing scale reaching historical highs. Since April of this year, various market participants have supported the A-share market through increased holdings and buybacks amid global market volatility [1] Future Outlook - Multiple positive factors are expected to sustain the long-term upward trend of the Chinese capital market: 1. The medium to long-term economic outlook remains positive 2. A-shares are undervalued, offering attractive returns on equity assets 3. The quality of listed companies is steadily improving, strengthening the microeconomic foundation 4. Increasing dividends and buybacks enhance investor returns 5. Patient capital continues to flow into the market, supporting healthy development [1]