策略周报：耐心等待市场转强

Group 1: Market Overview - The market experienced a decline last week, with the Shanghai Composite Index falling by 0.61% and the CSI 300 Index decreasing by 0.91% [43][59]. - The Shenzhen Component Index saw a slight decrease of 0.04%, while the ChiNext Index increased by 0.58% [43]. - A total of 2725.82 billion shares were traded, with a transaction value of 30,049.42 billion CNY, resulting in 3,289 stocks rising and 1,966 stocks falling [46][61]. Group 2: Industry Performance - Among the 31 primary industry indices, 10 indices rose while 21 indices fell last week [50]. - The top five performing sectors were Communication, Electronics, Computer, Media, and Automotive, with respective weekly gains of 6.01%, 4.67%, 3.66%, 2.07%, and 1.33% [44][50]. - Conversely, the sectors with the largest declines included Transportation, Agriculture, Food & Beverage, Non-ferrous Metals, and Banking, with losses ranging from -1.19% to -3.72% [44][50]. Group 3: Northbound Trading Data - The northbound trading data showed a net outflow of -218.73 billion CNY last week, with a total of -47.35 billion CNY in the latest data [21][34]. - The cumulative northbound inflow for the year reached 664.54 billion CNY, with the Shanghai Stock Connect contributing 879.33 billion CNY and the Shenzhen Stock Connect showing a net outflow of -214.79 billion CNY [5][21]. - The top ten stocks with the highest net purchases included Luxshare Precision (16.6 billion CNY) and Mindray Medical (13.74 billion CNY) [22]. Group 4: Market Sentiment and Strategy - The report indicates a lack of sustained opportunities in the market, suggesting that short-term positioning may not yield significant results [52]. - Investors are advised to remain patient and wait for clearer market trends to emerge [52]. - The report highlights the increasing number of stocks reaching historical lows, indicating a cautious market sentiment [28][52].