A股收评：沪指午后走高涨0.47%，全市场超3700只个股上涨 造纸、商业航天板块活跃

Market Performance - The Shanghai Composite Index opened lower but closed higher, achieving a seven-day winning streak, with a final increase of 0.47% to 3959.62 points [1] - The Shenzhen Component Index rose by 0.33% to 13531.41 points, while the ChiNext Index increased by 0.3% to 3239.34 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 19245.23 billion yuan, an increase of 44.3 billion yuan compared to the previous trading day [1] Sector Highlights - The paper and commercial aerospace sectors showed significant activity, while precious metals and energy metals experienced adjustments [1] - The semiconductor equipment stocks became active again, with notable performances from companies like Zhongqi New Materials and Shenghui Integration, which hit historical highs [1] Investment Insights - According to the International Semiconductor Industry Association (SEMI), global semiconductor equipment sales are expected to reach $145 billion in 2026 and $156 billion in 2027, indicating strong future growth potential in the semiconductor sector [1] - The wine sector saw a rebound, with stocks like Shui Jing Fang hitting the daily limit, driven by rising wholesale prices for premium products like Moutai [2] Institutional Perspectives - Huaxi Securities suggests that the current market rally may be driven by new narratives, with potential growth in sectors like consumer electronics and finance, although the market is still engaged in older narratives [3] - Dongfang Securities anticipates that the market will continue to rebound, with technology remaining a key investment theme for the upcoming year, particularly in aerospace, computing hardware, and the semiconductor industry [4] - Galaxy Securities expresses optimism for a spring market rally in 2026, highlighting structural opportunities aligned with policy and industry trends [5]