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市场分析:外盘反弹提振,A股持续上行
Zhongyuan Securities·2025-04-10 09:20

Market Overview - On April 10, 2025, the A-share market opened high and experienced a steady upward trend, with the Shanghai Composite Index encountering resistance around 3239 points[2] - The Shanghai Composite Index closed at 3223.64 points, up 1.16%, while the Shenzhen Component Index rose 2.25% to 9754.64 points[8] - Total trading volume for both markets was 16,593 billion yuan, slightly lower than the previous trading day[8] Sector Performance - Key sectors performing well included food and beverage, precious metals, consumer electronics, and electronic components, while banking, shipbuilding, electricity, and aviation sectors lagged[3] - Over 90% of stocks in both markets rose, with significant gains in precious metals, light industry, retail, and consumer electronics[8] Valuation and Investment Strategy - The average P/E ratios for the Shanghai Composite and ChiNext indices are 13.58 times and 32.98 times, respectively, indicating a suitable environment for medium to long-term investments[3] - The report anticipates a more proactive fiscal policy and potential monetary easing from the central bank to support economic recovery[3] Future Market Outlook - The market is expected to shift from expectation-driven to fundamental verification as April is a peak period for annual and quarterly reports[3] - Sectors likely to attract investment include technology, dividend defensive stocks, and consumer recovery driven by domestic demand[3] Risk Factors - Potential risks include unexpected overseas economic downturns, domestic policy changes, and macroeconomic disturbances[4]