沪指重回4000点！2026年开门红，A50、A100指数均涨超2% | 华宝3A日报（2026.1.5）

Core Viewpoint - The A-share market is expected to continue its upward trend, with a high probability of a spring rally as investor risk aversion eases and funds shift from a cautious stance to actively seeking opportunities [2][7]. Market Performance - On the trading day, the total market turnover reached 2.55 trillion yuan, an increase of 501.1 billion yuan compared to the previous day [7]. - The major indices showed positive performance: - Shanghai Composite Index increased by 1.38% - Shenzhen Component Index rose by 2.24% - ChiNext Index gained 2.85% [7]. Sector Analysis - The top three sectors for net capital inflow were: - Non-ferrous metals: +1.907 billion yuan - Basic chemicals: +1.526 billion yuan - Biopharmaceuticals: +1.526 billion yuan [2][7]. Institutional Insights - CITIC Securities suggests that the positive macro policy tone from the national financial work conference and the 2026 national subsidy plan will boost consumer sentiment, creating a favorable environment for cyclical sectors [2][8]. - The focus on technological innovation and new growth drivers is emphasized as a key aspect of China's high-quality transformation under the 14th Five-Year Plan, with a supportive overseas monetary environment enhancing risk appetite domestically [8].