A股策略周报：结构性行情继续演绎-20250521

Weekly Insights - The market has returned to a normal state, maintaining a range-bound oscillation pattern as the US-China tariff dispute has come to a close, leading to a decrease in concerns regarding the index [4][7] - The market is currently focused on rhythm and opportunities, with an increase in individual stock opportunities, particularly in small and mid-cap stocks following the implementation of new restructuring regulations [4][7] - The restructuring and mergers in emerging industries are expected to significantly improve the asset quality of the A-share market, enhancing market activity and profit potential [4][7] Investment Strategy - It is recommended to maintain a high position and actively participate in structural investment opportunities, as the market is expected to continue its oscillation until July [5][8] - Given the low trading volume, large-cap sectors may struggle to sustain upward momentum, making it reasonable to engage in sector rotation strategies [5][8] - There is an expectation of a rebound in undervalued sectors as interest rates continue to decline, with institutional funds likely to favor low-valuation, high-dividend stocks [5][8] Investment Recommendations - Focus on small and mid-cap stocks in May, as the market's restructuring style is expected to strengthen significantly, particularly represented by the CSI 1000 index [6][9] - Continue to look for opportunities in the large technology sector, which presents good entry points for investment [6][9] - Pay attention to the new consumption sector, particularly companies with relevant IP, as they are likely to create new consumption scenarios and business models [6][9] Market Data - The overall market rebounded this week, with the ChiNext index showing the largest increase [10] - The trading volume has decreased, indicating weaker market activity [15] - The financing balance has also declined as market activity has noticeably decreased [17]