英大证券：金点策略晨报—每日报告-20241204

Market Overview - The market is experiencing a slight lack of trading volume, indicating that the adjustment phase may be nearing its end, and there is an opportunity to position for the year-end market rally [1][6] - On Thursday, the three major indices opened lower and experienced fluctuations, with the ChiNext Index dropping over 1% in the first half of the day. The overall sentiment in the market remains average, with a total trading volume of 14.9 billion [1][3] Sector Performance - Consumer stocks showed resilience, with significant gains in retail, commercial retail, food and beverage, and dairy sectors. This trend is expected to continue, driven by favorable policies aimed at boosting consumption [3][4] - Shenzhen local stocks surged following the announcement of a plan to promote high-quality mergers and acquisitions, aiming for a total market value of over 15 trillion yuan by the end of 2027 [3][4] - The IP economy concept stocks experienced a pullback after a recent surge, indicating volatility in this sector [4][5] Future Market Outlook - The market is anticipated to recover as it approaches the end of the adjustment phase, with potential for a year-end rally as important meetings draw near, which may boost market sentiment [6][7] - Investors are advised to closely monitor the exchange rate between the US dollar and the Chinese yuan, as well as the subtle changes in trading volume, to identify potential investment opportunities [6][7] - Key investment themes include sectors benefiting from debt resolution plans, new productivity areas, and opportunities in mergers and acquisitions as well as domestic consumption [6][7]