大盘回踩补缺 下调还是机会

Market Overview - A-shares continued to decline on December 3, with the Shanghai Composite Index down 0.51% to 3878.00 points, the Shenzhen Component down 0.78% to 12955.25 points, and the ChiNext Index down 1.12% to 3036.79 points [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.67 trillion yuan, an increase of 76.5 billion yuan compared to December 2 [1] - The market saw more declines than gains, with 1443 stocks rising and 3876 stocks falling [1] Sector Performance - The rare metals and coal sectors performed well on December 3, driven by two main factors: expectations of a Federal Reserve interest rate cut and increased demand for coal due to colder weather [2] - The rare metals sector is benefiting from the strong demand in technology products, which rely heavily on these materials [2] - The coal sector is attracting investment due to the presence of many dividend-paying stocks, despite the overall poor market performance [2] Technical Analysis - The market has fully filled the upward gap left on December 1, which is generally considered a positive sign indicating a potential bottom in the near term [2] - The Shanghai Composite Index closed above the 10-day moving average, suggesting that investors are reluctant to see continued declines [2] - The MACD green bars are shortening, and the KDJ line shows an upward trend, indicating limited downside potential for the market [2] Company Insights - Heshun Petroleum, a company involved in retail chain gas stations, logistics, and wholesale, saw its stock hit the daily limit, marking its third limit-up in five days [3] - For the third quarter of 2025, Heshun Petroleum reported earnings per share of 0.13 yuan and a net profit of 21.81 million yuan, with a year-on-year decline of 49.44% [3] - The recent stock surge is attributed to the announcement of a cash acquisition and capital increase to gain control of at least 34% of Shanghai Kuixin Integrated Circuit, which will be consolidated into Heshun's financial statements [3]