A股午评 | 沪指涨0.42%刷新年内新高 存储芯片、商业航天概念走强 煤炭等板块回调

Core Viewpoint - The A-share market experienced a rally, with the Shanghai Composite Index reaching a new high for the year, driven by active sectors such as storage chips and commercial aerospace following the Fourth Plenary Session's announcements on technology independence and market expansion [1][3]. Group 1: Market Performance - As of the midday close, the Shanghai Composite Index rose by 0.42%, the Shenzhen Component Index increased by 1.3%, and the ChiNext Index gained 2.09% [1]. - The Fourth Plenary Session's communiqué emphasized accelerating high-level technological self-reliance and building a strong domestic market, which is expected to catalyze market performance in the coming weeks [1]. Group 2: Active Sectors - The storage chip sector showed significant activity, with companies like Xicai Testing and Yingxin Development hitting the daily limit up, driven by anticipated price increases of up to 30% for DRAM and NAND flash memory due to rising AI-driven demand [4]. - The commercial aerospace sector also surged, with stocks like Aerospace Changfeng and Aerospace Science & Technology reaching their daily limit up, spurred by the new focus on becoming a space power in the recent policy announcements [5]. Group 3: Institutional Insights - Tianfeng Securities noted that financial and cyclical sectors are currently at historical low valuations, suggesting potential for a shift towards blue-chip stocks with stable earnings as the market approaches the end of the year [6]. - Debon Securities indicated that despite short-term volatility, the increase in M1 and M2 growth rates could support a medium to long-term market uptrend, with value stocks likely to outperform in the near term [7]. - Oriental Securities expressed concerns about insufficient momentum from main funds, indicating that the market may remain in a narrow range until a breakthrough occurs [9].