机构论后市丨市场进入跨年布局关键窗口，关注元旦前后小躁动行情

Group 1 - The A-share market is currently experiencing a mixed performance, with the Shanghai Composite Index up 0.03%, while the Shenzhen Component Index and the ChiNext Index are down 0.89% and 2.26% respectively [1] - Galaxy Securities indicates that the market is entering a critical window for year-end positioning, with a focus on potential small fluctuations around New Year's Day, as 2026 marks the beginning of the "14th Five-Year Plan" [1] - Key investment themes include sectors aligned with policy direction and industrial prosperity, particularly in artificial intelligence, new energy, and advanced manufacturing [1] Group 2 - Everbright Securities suggests that the market is likely to experience a volatile upward trend, with a focus on growth and consumption sectors, as historical patterns indicate a "spring rally" in the A-share market [2] - The report emphasizes that policy support and economic growth are expected to solidify the foundation for capital market prosperity, attracting various types of capital inflows [2] - The consumption sector is highlighted as a potential area for investment due to its relative underperformance this year and the anticipated policy support [2] Group 3 - CITIC Securities maintains a positive outlook on the AI computing power sector, noting that demand for computing power remains strong as AI models continue to evolve [3] - The report suggests that both domestic and North American chains should be monitored, with domestic companies having undergone significant adjustments, while North American companies have recently reached new highs [3] - The improvement in domestic GPU capabilities and supply is expected to accelerate the deployment of AI computing infrastructure in China [3]