Venture(US:VEMLY) Sou Hu Cai Jing·2025-12-16 04:20Core Viewpoint - The A-share market experienced a decline across major indices, with the Shanghai Composite Index dropping over 1% while the North Stock 50 Index rose against the trend, indicating mixed market sentiment and sector performance [1] Market Performance - As of the midday close, the Shanghai Composite Index fell by 1.22% to 3820.85 points, the Shenzhen Component Index decreased by 1.88%, and the ChiNext Index dropped by 2.35%. In contrast, the North Stock 50 Index increased by 1.1% [1] - The total trading volume across the Shanghai, Shenzhen, and North Stock markets reached 1.1397 trillion yuan [1] Sector Analysis - Sectors such as non-ferrous metals, military industry, coal, oil, and pharmaceuticals all experienced declines, while retail and food & beverage sectors showed resilience with gains [1] - Concepts related to duty-free shopping and autonomous driving were notably active in the market [1] Policy Outlook - According to Everbright Securities, a new round of policy deployment is expected to support the A-share market's year-end performance, with domestic economic policies likely to continue to strengthen, maintaining economic growth within a reasonable range [1] - The release of policy dividends is anticipated to boost market confidence and attract various types of capital inflows [1] - Historically, the A-share market has performed well in the opening years of the 13th and 14th Five-Year Plans, suggesting a positive outlook for 2026 [1] Investment Strategy - Industry allocation should focus on TMT (Technology, Media, and Telecommunications) and advanced manufacturing sectors [1] - In the event of short-term market fluctuations due to external factors, defensive and consumer sectors may be worth monitoring [1]