上证指数13连阳创历史，多路资金合力助推春季行情开启

Core Insights - The A-share market has set two historical records on January 6, with the Shanghai Composite Index closing at 4083.67 points, marking a nearly ten-year high, and achieving a 13-day consecutive rise, breaking a 33-year record for the longest consecutive gains [1][3][6]. Market Performance - On January 6, all three major A-share indices rose, with the Shanghai Composite Index increasing by 1.50%, the Shenzhen Component Index by 1.4%, and the ChiNext Index by 0.75% [3]. - The trading volume reached 2.83 trillion yuan, indicating strong investor enthusiasm [1]. Sector Performance - The brain-computer interface sector saw a surge, with nearly 20 stocks hitting the daily limit [6]. - The commercial aerospace sector also performed well, with several stocks, including China Satellite Communications, reaching their daily limit [6]. - The non-ferrous metals sector was active, with companies like Luoyang Molybdenum and Zijin Mining hitting historical highs [6]. - Financial sectors, including insurance and securities, showed strong performance, with New China Life and China Pacific Insurance reaching new highs [6]. Fund Inflows - There is a strong expectation for fund inflows due to the "opening red" effect from financial institutions, with significant new premium funds available for market allocation [9][10]. - As of January 5, 2026, the financing balance reached 2.54 trillion yuan, a historical high, indicating increased market participation [9]. Market Outlook - Analysts predict a shift from valuation-driven to profit-driven market dynamics, with a more balanced market style expected in 2026 [11][12]. - The market is anticipated to maintain an upward trend supported by global liquidity easing and expectations of a stronger renminbi [10][12]. Investment Strategies - Investment firms suggest a balanced allocation strategy, focusing on sectors such as AI, resilient external demand, domestic consumption, and high dividend stocks [16]. - The "dumbbell strategy" is recommended, emphasizing growth sectors like technology and defensive sectors like non-ferrous metals and chemicals [16][17]. - Analysts advise against short-term trading and suggest focusing on long-term industry directions and value of dividend assets [17][19].