A股新年开门红！沪指重返4000点，专家：春季行情已开启

Core Viewpoint - The A-share market opened positively on the first trading day of 2026, with all three major indices rising, indicating strong investor sentiment and market momentum [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4023.42, up 1.38% - The Shenzhen Component Index closed at 13828.63, up 2.24% - The ChiNext Index closed at 3294.55, up 2.85% - Total market turnover reached 25,672 billion, with over 4,100 stocks rising [1]. Group 2: Sector Performance - The brain-computer interface sector led the gains, with stocks like Beiyikang hitting the daily limit, and several others such as Botao Biology and Daoshi Technology also reaching significant increases [2]. - Innovative drug concept stocks saw collective gains, with stocks like Guanhao Biology and Seli Medical hitting the daily limit [2]. - The insurance sector performed well, with Xinhua Insurance rising over 8% and China Pacific Insurance up over 7% [2]. - The commercial aerospace sector also showed strong performance, with multiple stocks reaching the daily limit [2]. Group 3: Economic Outlook - The chief economist of Qianhai Kaiyuan Fund, Yang Delong, believes that technology stocks will continue to be a main theme in 2026, driven by China's economic transformation and the focus on technological innovation in the 14th Five-Year Plan [2]. - The ongoing support for the bull market includes policy backing, a significant shift in household savings, and breakthroughs in technological innovation, which have boosted foreign confidence in the Chinese economy [2]. - The Federal Reserve's ongoing interest rate cuts and the depreciation of the US dollar are expected to attract more foreign capital into RMB assets, leading to asset value reassessment [2]. Group 4: Seasonal Trends - The A-share market typically experiences a "spring offensive," with January often seeing the highest credit issuance of the year, estimated between 30,000 to 40,000 billion, which can provide additional capital to the market [3]. - The first quarter is also a period of low earnings disclosures for listed companies, favoring investments in technology sectors with potential themes and valuation flexibility [3]. - Analysts suggest that the spring rally may have already begun, with the market continuing its upward trend, and investors are encouraged to maintain confidence and patience [3].