英大证券：金点策略晨报—每周报告-20250123

Market Overview - The A-share market is experiencing a short-term fluctuation but maintains a medium-term upward trend, with a strategy of buying high-quality stocks on dips being favored [12][13] - Last week, the Shanghai Composite Index rose by 2.31%, the Shenzhen Component Index increased by 3.73%, and the ChiNext Index saw a gain of 4.66% [4] Sector Performance - The semiconductor sector showed significant gains, driven by favorable government policies and a positive outlook for the industry, with expectations of continued growth in domestic semiconductor production [5][6] - The cultural media sector experienced volatility, with a notable increase earlier in the week followed by a slight adjustment, supported by government measures to promote cultural and tourism consumption [7] - The robotics sector is viewed as a long-term investment opportunity, with strong growth potential driven by increasing global demand and supportive policies [8][9] - The non-ferrous metals sector, including gold, copper, and aluminum, has seen price increases due to inflation expectations and domestic growth policies [9] - The AI theme has gained traction, with significant investment opportunities emerging as AI technology continues to evolve and integrate into various applications [10] Future Outlook - The market is expected to maintain a "slow bull" upward trend in 2025, with structural opportunities prevailing and a balanced allocation between high-growth small-cap stocks and stable dividend core assets being recommended [12]