国金证券：国金晨讯-20241230

Core Views - Oil prices are expected to stabilize in the short term due to global crude oil inventory support, with strong support around $70 per barrel for Brent crude. However, prices may decline further after OPEC+ increases production in April 2025 [6] - The gas market outlook for this winter remains bullish, with expectations of increased demand [6] Market Review - As of December 27, 2024, the Shanghai Composite Index rose by 0.06%, while the Shenzhen Component Index fell by 0.13%. The North China 50 Index decreased by 1.22%, and the ChiNext Index dropped by 0.82%. The total trading volume in the Shanghai and Shenzhen markets was 1,433.9 billion yuan [14] - The performance of various indices showed that the Shanghai Composite Index had a year-to-date increase of 14.29%, while the Shenzhen Component Index increased by 11.92% [14] Industry Research - The utility sector is highlighted with a focus on Huadian International, which is seen as a leader in thermal power, navigating through cycles and undergoing asset integration for renewed growth [7] - The agricultural and food sector is represented by New Wufeng, a state-owned regional breeding leader, which is expected to achieve steady growth through quality improvement and expansion [9] Sector Performance - On December 27, 2024, the top-performing sectors included Agriculture, Defense, Construction Materials, Utilities, and Environmental Protection, with respective increases of 2.54%, 1.63%, 1.24%, 1.20%, and 1.11%. Conversely, sectors such as Communications, Electronics, and Household Appliances experienced declines [15]