11月收官战“缩量暖场”！沪指终结六连阳，人民币汇率创一年新高，后市机会怎么看？丨川观解盘

Market Overview - On November 28, A-shares ended the month on a positive note with all three major indices closing higher, with the Shanghai Composite Index up 0.34% at 3888.60 points, the Shenzhen Component Index up 0.85% at 12984.08 points, and the ChiNext Index up 0.70% at 3052.59 points [1][3] - Despite the positive closing, the trading volume in the Shanghai and Shenzhen markets was only 158.58 billion yuan, a decrease of 12.4 billion yuan from the previous day, indicating a cautious sentiment among investors [3] Sector Performance - The growth sectors attracted significant capital inflow, with the three main sectors seeing net inflows exceeding 7.8 billion yuan each. The lithium battery sector was particularly strong, with a net inflow of 8.847 billion yuan, and 11 stocks hitting the daily limit [3] - The robotics sector also performed well, with a net inflow of 8.492 billion yuan and over 800 stocks rising, driven by the acceleration of commercialized embodied intelligence [3] - The energy storage sector saw a net inflow of 7.811 billion yuan, with 12 stocks hitting the daily limit, supported by high industry demand and favorable policies [3] Notable Trends - The commercial aerospace sector gained attention with three major developments: the first flight of the Zhuque-3 rocket, the planned launch of 156 satellites starting next year, and the acceleration of space data center construction in Beijing [4] - The battery supply chain was a highlight in November, with significant stock price increases for companies like Guosheng Technology (up 155%), Huasheng Lithium Battery (up 132%), and Haike New Source (up 122%) [4] - Regional themes also showed promise, with stocks in Fujian and Hainan experiencing substantial gains, driven by local government initiatives [4] Currency and Foreign Investment - The Chinese yuan strengthened against the US dollar, with the exchange rate reaching a high not seen since October 2024, which has positively influenced the attractiveness of Chinese assets [5][6] - Foreign institutions are increasing their investments in Chinese assets, with UBS predicting a 19% rise in the MSCI China Index next year, particularly favoring Chinese tech stocks [6]