A股午评 | 创指半日跌逾1% 深圳本地股逆市大涨 算力硬件方向下挫

Core Viewpoint - The A-share market experienced a decline, with the Shanghai Composite Index falling below 3900 points, while dividend-related stocks gained attention as companies announced cash dividend plans totaling over 3.4 billion yuan [1][2]. Market Performance - The Shanghai Composite Index dropped by 0.66%, the Shenzhen Component Index fell by 0.87%, and the ChiNext Index decreased by 1.10% during the morning session [1]. - Trading volume shrank to 1.05 trillion yuan, down by 50.8 billion yuan compared to the previous trading day [1]. Dividend Stocks - At least 18 A-share companies announced plans to distribute cash dividends exceeding 3.4 billion yuan, enhancing investor interest in dividend-related assets [1]. - Analysts suggest that dividend stocks may serve as a safe haven for funds in the short term, with a focus on sectors such as banking, coal, electricity, and transportation [1]. Sector Highlights 1. Shenzhen State-Owned Enterprise Reform - The Shenzhen state-owned enterprise reform sector saw a surge, with over 10 stocks hitting the daily limit, driven by a new action plan aimed at enhancing the quality of listed companies by 2027 [3]. 2. Coal Sector Rebound - The coal sector rebounded strongly, with major stocks like Dayou Energy achieving eight consecutive trading limits, supported by a significant cold wave expected to lower temperatures across the country [4]. Institutional Insights 1. Debon Securities - Caution is advised as declining trading volume may indicate insufficient market liquidity support, with a focus on the upcoming "14th Five-Year Plan" policy direction as a potential new market theme [5]. 2. Huajin Securities - The "14th Five-Year Plan" is expected to reinforce the technology sector, with potential beneficiaries including industries related to computing, electronics, and new consumption [6][7]. 3. Everbright Securities - Despite a slight adjustment in the market, the overall trend remains positive, with expectations for continued upward movement, particularly in the consumer electronics sector [8].