Market Overview - The A-share market experienced a slight increase with the Shanghai Composite Index closing at 3380.48, up by 0.38% [1] - The Shenzhen Component Index rose by 0.77%, while the ChiNext Index also increased by 0.77% [1] Sector Performance - The top-performing sectors included Beauty Care (up 2.50%), Comprehensive (up 2.12%), Media (up 1.98%), Home Appliances (up 1.66%), and Pharmaceutical Biology (up 1.64%) [2] - Conversely, the sectors that underperformed were Defense Industry (down 0.50%), Coal (down 0.33%), Steel (down 0.13%), Real Estate (down 0.11%), and Building Materials (up 0.07%) [2] Concept Index Performance - The leading concept sectors were Cultivated Diamonds (up 4.10%), Pet Economy (up 4.08%), Animal Vaccines (up 4.00%), Recombinant Protein (up 3.90%), and Cultured Meat (up 3.14%) [2] - The lagging concept sectors included Shipping Concept (down 1.44%), China-South Korea Free Trade Zone (down 1.24%), Chengfei Concept (down 1.16%), PEEK Materials (down 0.75%), and Free Trade Port (down 0.68%) [2] Economic Indicators - The People's Bank of China implemented a rate cut, with the 5-year LPR adjusted to 3.5% from 3.6% and the 1-year LPR adjusted to 3.0% from 3.1% [4] - The removal of the lower limit on mortgage rates has led to some cities offering first-home loan rates as low as 3.0%, marking a historical low [4] Market Sentiment and Future Outlook - The market showed resilience with over 3800 stocks rising, indicating a strong performance in consumer sectors despite some adjustments in military and coal sectors [3][5] - The report suggests that the A-share market possesses strong strategic stability and resilience, with potential for further upward movement in the long term [5] - Recommended sectors for attention include Finance, Public Utilities, Retail, Food and Beverage, Non-ferrous Metals, and TMT [5]
A股市场大势研判：市场全天冲高回落，三大指数小幅上涨
Dongguan Securities·2025-05-20 23:39