Guo Ji Jin Rong Bao·2025-12-12 14:49Core Viewpoint - The A-share market experienced a significant increase in trading volume, driven by positive signals from the Central Economic Work Conference, although there remains notable sector differentiation in performance [1][9]. Market Performance - The trading volume reached 2.12 trillion yuan, an increase of 233.7 billion yuan from the previous day, with the Shanghai Composite Index rising by 0.41% to 3889.35 points and the ChiNext Index increasing by 0.97% to 3194.36 points [2]. - A total of 2683 stocks rose, with 83 hitting the daily limit up, while 2612 stocks fell, with 26 hitting the daily limit down [6][7]. Sector Analysis - Technology stocks, particularly in power equipment, communication, and defense industries, saw strong performance, with 21 out of 31 sectors rising, including notable gains in non-ferrous metals, electronics, and power equipment [4][9]. - The power equipment sector experienced a surge, with 19 stocks hitting the daily limit up, indicating strong investor interest [7]. Investment Trends - The Central Economic Work Conference emphasized support for technology innovation and new energy sectors, which has led to increased investment in related stocks, particularly in power equipment and communication sectors [9][10]. - The market sentiment is expected to remain positive, with potential for a "slow bull" market trend, driven by continued policy support and sector performance [10][11]. Future Outlook - Analysts suggest that the market may continue to experience fluctuations, with a focus on sectors that align with policy support, particularly technology and cyclical industries [11][12]. - The upcoming spring market is anticipated to focus on sectors with significant growth potential, such as communication equipment benefiting from AI infrastructure and semiconductor industries supported by domestic substitution policies [12].