收评：沪指跌0.25%，酿酒、军工等板块走低，石油等板块拉升

Core Viewpoint - The A-share market experienced a mixed performance with over 2,700 stocks rising, while major indices saw declines, indicating a structural market driven by policy and industry trends [1] Market Performance - The Shanghai Composite Index fell by 0.25% to 4,065.58 points, the Shenzhen Component Index decreased by 0.33%, and the ChiNext Index dropped by 0.73% [1] - In contrast, the North China 50 Index rose by 0.9% [1] - The total trading volume across the Shanghai, Shenzhen, and North exchanges was approximately 2.16 trillion yuan [1] Sector Analysis - Sectors such as tourism, liquor, military, retail, and semiconductors experienced declines [1] - Conversely, sectors including oil, chemical fiber, chemicals, electricity, and pharmaceuticals saw gains [1] - Active themes included disperse dyes, solid-state batteries, and ultra-high voltage concepts [1] Investment Outlook - Debon Securities suggests that the spring market trend is likely to continue, with a structural market driven by "policy catalysis + industry trends" [1] - The long-term outlook remains a slow bull market, with recommendations to focus on solar energy (space solar, HJT technology), commercial aerospace (satellite manufacturing, computing services), and non-ferrous metals (gold, silver, copper, aluminum) [1] - Additionally, attention should be paid to consumer trends and policy catalysts [1]