A股三大指数开盘集体上涨，创业板指涨0.14%

Market Overview - A-shares opened collectively higher with the Shanghai Composite Index up 0.04%, Shenzhen Component Index up 0.05%, and ChiNext Index up 0.14% [1] - Sectors such as Hainan, dairy powder, and precious metals showed significant gains [1] Institutional Insights - Huatai Securities suggests a left-side layout focusing on the spring market rally, indicating that uncertainties from U.S. economic data and interest rate hikes have diminished, leading to improved global liquidity and risk appetite [2] - The overall market showed a contraction in trading volume, with a cautious sentiment among institutional investors as the year-end assessment approaches [2] - Recommended sectors include precious metals, automotive, computing, media, and real estate, while favoring small-cap stocks and avoiding high-priced large-cap stocks [2] Industry Developments - CITIC Construction indicates that space photovoltaic technology is transitioning from experimental to commercial acceleration, with P-type HJT batteries expected to gain market penetration post-2026 due to their radiation resistance and lightweight advantages [3] - Perovskite and tandem batteries are anticipated to take on low-orbit constellations and deep space exploration tasks after 2028, owing to their high power-to-weight ratio and radiation resistance [3] - Companies leading in materials and equipment for these technologies are worth monitoring [3] Banking Sector Outlook - Galaxy Securities maintains a positive outlook on the banking sector, highlighting the continued dividend attributes and increased long-term investments from insurance funds, which enhance pricing efficiency and valuation restructuring [4]