英大证券：每周投资早参-20250127

Core Views - The report highlights that sectors such as communication, computer, electronics, non-bank financials, and machinery equipment have shown active performance, primarily driven by the AI investment wave and increasing demand for AI infrastructure [2][6] - It is suggested that investors pay attention to leading companies in relevant sub-industries and those with core technologies, as the low-orbit satellite internet system is expected to start testing in 2025 [6] - The brokerage sector has also shown signs of recovery, attributed to the influx of medium to long-term funds, which is expected to enhance the capital market's prosperity [6] A-share Market Analysis - Last week, the A-share market saw a rebound with 3,956 stocks rising, 1,226 falling, and 211 remaining unchanged. The Shanghai Composite Index closed at 3,252.63 points, up 0.70%, with a trading volume of 480.685 billion yuan, while the Shenzhen Component Index closed at 10,292.73 points, up 1.15%, with a trading volume of 741.332 billion yuan [5] - The report notes that the sectors experiencing a pullback include oil and petrochemicals, food and beverages, coal, construction materials, and defense industries, primarily due to uncertainties in domestic demand growth [7] Economic Policy Impact - The report anticipates that counter-cyclical macroeconomic policies will positively impact demand in the aforementioned sectors, suggesting that investors should monitor the implementation of related policies for potential growth opportunities [7] - The strengthening of the RMB against the USD is also seen as beneficial for A-share performance, with expectations of a continued upward trend in the market [9][10]