英大证券：策略晨报：市场连续上行后动能减弱，逢低介入或仍是占优策略-20250213

Core Views - The report suggests that the A-share market is expected to slow down in 2025, with the three major indices showing a "slow bull" upward trend, recommending a strategy of buying on dips [2][10][11]. Market Overview - On February 12, 2025, the market showed a mixed performance with the Shanghai Composite Index experiencing a slight decline, indicating a slowdown in the recent upward momentum [3][10]. - Trading volume has decreased significantly, dropping from nearly 2 trillion yuan to below 1.8 trillion yuan, reflecting a reduction in market enthusiasm [3][10]. - The AI sector, particularly stocks related to DeepSeek, has shown volatility, with some stocks experiencing significant short-term gains followed by profit-taking [3][8][10]. Sector Performance - The precious metals sector saw a notable increase, with gold prices surpassing 2900 USD per ounce, driven by concerns over global trade tensions due to new tariffs imposed by the U.S. [6][10]. - The cultural media sector has shown strong performance, with a 42.75% increase in the first half of 2023, although it faced challenges due to regulatory changes affecting gaming stocks [7][10]. - The report highlights the potential for growth in the cultural media sector, particularly with advancements in AI technology and its applications in gaming and content production [7][10]. Future Market Outlook - The report maintains a "slow bull" outlook for the market, emphasizing that the overall economic recovery in China provides support for market performance, despite potential short-term fluctuations [11][12]. - Investors are advised to remain cautious and consider sector-specific ETFs if individual stock selection proves challenging [2][10].