Venture(US:VEMLY) Jin Rong Jie·2025-12-09 07:11Market Performance - The A-share market experienced fluctuations, with the Shanghai Composite Index closing down 0.37% at 3909.52 points, and the Shenzhen Component Index down 0.39% at 13277.36 points, while the ChiNext Index rose 0.61% to 3209.60 points. The total trading volume in the Shanghai and Shenzhen markets reached 1.9 trillion yuan, with over 4000 stocks declining [1]. Sector Highlights - The computing power hardware sector saw significant gains, with Dekoli hitting the daily limit, and companies like Fuzhijing Technology and Tianfu Communication reaching historical highs. Shenghong Technology rose over 10% [1]. - The retail sector showed strong performance, with Yonghui Supermarket, Maoye Commercial, and Central Plaza hitting the daily limit. The CPO concept also gained traction, with Dekoli reaching the daily limit again [2]. - The Fujian sector was notably active, with Anji Food achieving six consecutive daily limits, and other companies like Shuhua Sports and Dongbai Group also performing well [3]. Institutional Insights - GF Securities indicated that large-cap stocks are expected to outperform small-cap stocks in December, with a focus on dividend stocks. The firm noted that the market's performance in December historically shows a 57% probability of gains, and emphasized the importance of upcoming key meetings for policy direction [4]. - Open Source Securities suggested that the recent market pullback may be concluding, recommending early positioning for a potential spring rally driven by both technology and cyclical sectors [6]. - Dongfang Securities highlighted that while the market is currently in a short-term rebound, the medium-term trend remains one of consolidation, with a focus on TMT, upstream resources, and AI sectors [7].