收评：沪指涨0.33%，有色、钢铁等板块拉升，商业航天概念等活跃

Market Performance - The stock indices in the two markets experienced fluctuations and rose, with the North Stock 50 Index increasing by nearly 4% [1] - Over 3,900 stocks in the A-share market were in the green, and the total trading volume exceeded 30 trillion yuan [1] - The Shanghai Composite Index rose by 0.33% to 4,136.16 points, the Shenzhen Component Index increased by 0.79%, and the ChiNext Index went up by 0.63% [1] Sector Analysis - The insurance and banking sectors declined, while sectors such as non-ferrous metals, steel, chemicals, pharmaceuticals, and semiconductors saw significant gains [1] - The photovoltaic industry chain stocks surged, and concepts related to commercial aerospace, gold, and solid-state batteries were active [1] Investment Insights - Tianfeng Securities noted that since January 2026, the upward trend from December 2025 has continued, with the Shanghai Composite Index approaching 4,200 points, setting a new stage high [1] - The trading volume in the two markets has been continuously increasing, with a decline in newly issued shares of equity public funds and a significant net outflow of funds from existing stock ETFs [1] - In contrast, margin trading funds saw a substantial net inflow, indicating a divergence in market dynamics [1] - Attention is drawn to the upcoming macro policy expectations from the National People's Congress in March and the micro fundamental expectations for the 2025 annual reports [1]