Core Viewpoint - The A-share market is experiencing a phase of wide fluctuations around the 4000-point mark, with sector rotations becoming more pronounced, but the sustainability of the upward trend remains limited [1][2][3] Market Dynamics - The recent fluctuations in the A-share market are attributed to a combination of internal and external factors, including a decline in risk appetite in overseas markets and resistance at the 4000-point level [1][2] - The market is expected to maintain a range-bound oscillation in the short term, with a potential rebalancing of market styles lasting several months [1][2][3] Sector Performance - The technology sector, particularly TMT and advanced manufacturing, is anticipated to lead the index breakout in the long term, despite current market turbulence [1][4] - Recent trends show a rotation of funds from previously leading technology sectors to lower-performing sectors such as resources, consumption, and pharmaceuticals [2][4] Investment Strategies - Investors are advised to maintain a positive position but avoid blindly chasing index highs, focusing instead on structural configurations around "anti-involution + AI applications" [3][4] - High-dividend, consumer, and cyclical sectors may perform better in the current market phase, while technology remains a strong long-term investment due to its relative profitability and global semiconductor cycle [4][5] Future Outlook - The market is expected to continue its high-level oscillation, with a "high-cut low" phenomenon likely to persist, providing opportunities for investment in sectors with performance support such as energy storage and batteries [5]
机构展望 | 沪指争夺4000点关口 机构研判年末风格趋于平衡
Shang Hai Zheng Quan Bao·2025-11-16 18:14