午评：沪指震荡涨0.21%，银行、酿酒等板块拉升，光伏产业链股活跃

Core Viewpoint - The A-share market is experiencing fluctuations, with the ChiNext index dropping over 2% and the STAR 50 index nearly 3%, while the Shanghai Composite Index shows a slight increase of 0.21% [1] Market Performance - As of the midday close, the Shanghai Composite Index is at 3897.56 points, the Shenzhen Component Index has decreased by 1.02%, the ChiNext index has fallen by 2.24%, and the STAR 50 index has dropped by 2.84% [1] - The total trading volume across the Shanghai, Shenzhen, and North markets reached 1.6817 trillion yuan [1] Sector Analysis - The semiconductor sector is declining, while sectors such as insurance, coal, liquor, banking, oil, and real estate are seeing gains [1] - Gold concept stocks and the photovoltaic industry chain stocks are also active [1] Investment Strategy - Dongxing Securities indicates that the mid-term core trend of the A-share market remains unchanged, with limited impact from short-term external shocks [1] - The market is expected to maintain an upward trend as it consolidates around the 4000-point mark, with liquidity and the development of high-tech industries being the two core logical drivers [1] - The recommendation is to maintain confidence in the bull market and continue to favor the mid-term upward trend [1] Sector Allocation - The core position of the large technology sector is expected to remain stable, although short-term U.S.-China tensions may cause some disturbances for technology companies involved in overseas assets and supply chains [1] - Investors are advised to increase allocation to self-controlled sectors [1] - The cyclical sectors are still showing good prosperity and are suggested as one of the two core allocation lines, with a focus on military, pharmaceutical, and new energy industries [1] - High dividend yield stocks have become more attractive following a round of adjustments, making them a focus for conservative investors [1]