A股市场运行周报第21期：方向既已定，耐心持仓待上行

Market Overview - The A-share market experienced a fluctuation this week, with major indices showing mixed performance, particularly a slight decline in weighted indices[2] - The Shanghai Composite Index faced resistance around 3500 points, reflecting a predictable pullback as per previous forecasts[1] Industry Performance - Consumer sectors led the gains, with retail up by 6.75% and textiles by 4.64%, while financial sectors like non-bank finance and real estate saw declines of 2.21% and 2.00% respectively[19] - The overall market sentiment improved, with average daily trading volume rising to 1.91 trillion yuan, indicating increased investor activity[25] Investment Strategy - The report suggests maintaining current mid-term positions and considering additional allocations at lower bounds of the trading range, particularly around the 0.5-0.618 retracement levels from November 27[1] - The recommended focus remains on "large finance + broad technology" sectors, prioritizing stocks that have not surpassed their October 8 highs[1] Economic Indicators - Key economic events influencing the market included the Central Economic Work Conference and the release of November inflation data, which showed a CPI increase of 0.2% and a PPI decrease of 2.5%[66] - November's export figures reached $312.31 billion, marking a 6.7% year-on-year increase, while imports fell by 3.9%[66] Risk Factors - Potential risks include slower-than-expected domestic economic recovery and uncertainties in global geopolitical situations[75]