收盘丨沪指微跌0.07%险守4000点，全市场成交不足2万亿

Market Overview - The photovoltaic industry chain and nuclear fusion concepts experienced significant declines, while cultivated diamonds and superhard materials showed notable corrections [1] - The insurance, pharmaceutical, and banking sectors strengthened, with Agricultural Bank of China and Industrial and Commercial Bank of China both reaching new highs [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.95 trillion, a decrease of 48.6 billion compared to the previous trading day, with over 3,500 stocks declining [1][4] Capital Flow - Main capital flows showed a net inflow into the pharmaceutical, banking, and non-ferrous metal sectors, while there was a net outflow from power grid equipment, communications, and computing sectors [3] - Specific stocks with net inflows included Luxshare Precision (964 million), CATL (838 million), and Shannon Chip (732 million) [3] - Stocks facing net outflows included LONGi Green Energy (1.927 billion), Sungrow Power Supply (1.426 billion), and TBEA (1.095 billion) [3] Institutional Insights - Dongwu Securities indicated that the A-share market is in the early stages of a new bull market driven by policy and industry trends [3] - Yingda Securities noted that the market is consolidating around the 4,000-point level, which is beneficial for solidifying the market foundation for future trends [5] - Galaxy Securities expressed continued optimism for the computing power sector, highlighting its performance realization phase and relatively moderate valuation levels, particularly in PCB, domestic computing power, IP licensing, and chip inductors [5]