2025A股收官！沪指日线11连阳，有色、通信年度涨幅断层领先 | 华宝3A日报（2025.12.31）

Group 1 - The core viewpoint indicates that the A-share market is expected to continue a "slow bull" trend in 2026, with stable index support and technology growth as the main focus [2][5] - The sectors expected to lead the market include artificial intelligence and computing power, which are part of the hard technology track [2][5] - High dividend yield assets are highlighted as having significant bottom-line value, providing stable cash flow in an environment of weak economic recovery and declining interest rates, with current valuations at relatively low levels [2][5] Group 2 - The total trading volume in the two markets reached 2.05 trillion yuan, a decrease of 972 billion yuan from the previous day [5] - The number of stocks that rose and fell in the market was 2,776 and 2,474 respectively, indicating a mixed performance [5] - The top three sectors for net capital inflow were identified as media, defense, and light manufacturing [5]