A股市场探底回升 整体调整格局未改

Group 1 - The A-share market experienced a "first decline then rise" trend last week, with the Shanghai Composite Index closing at 3890.45 points, reflecting a slight increase of 0.03% [1] - The Shenzhen Component Index and the ChiNext Index saw declines of 0.89% and 2.26%, respectively, indicating a mixed performance across different indices [1] - The market is at a critical juncture, with upward pressure near recent resistance levels and downward support levels being tested [1] Group 2 - The core driver of market adjustments is internal rather than external factors, with the recovery strength of the domestic economy and the effectiveness of policies being key concerns [2] - Institutional rebalancing towards the end of the year may lead to selling pressure, contributing to ongoing market disturbances [2] - Structural characteristics of the market are becoming more pronounced, with opportunities in the consumer sector driven by policy support, although these rebounds may be limited in duration [2] Group 3 - The A-share market is expected to undergo a pressure test, with the ability to break through 3900 points being crucial for the strength of the rebound [3] - The stability of the ChiNext Index is essential for maintaining market confidence [3] - Investors are advised to prepare for different scenarios, either increasing holdings in technology and manufacturing if there is a volume-driven rise or shifting focus to high-dividend and defensive sectors if there is a pullback [3]