财富管理：每日市场观察-20250605

Market Performance - On June 4, the Shanghai Composite Index rose by 0.42%, the Shenzhen Component Index increased by 0.87%, and the ChiNext Index surged by 1.11%[3] - The total trading volume in the Shanghai and Shenzhen markets exceeded 1.15 trillion yuan, with an increase of approximately 110 billion yuan compared to the previous trading day[1] - Nearly 4,000 stocks in the two markets experienced price increases, indicating a broad market rally[1] Sector Trends - Key sectors that saw significant gains included textiles, light industry, building materials, non-ferrous metals, electronics, steel, and telecommunications[1] - The main inflow of funds was observed in sectors such as copper cable high-speed connections, lithium mining, gold, rare earth permanent magnets, and new retail[1] Investment Insights - The recent rebound in the ChiNext Index highlights a growing preference for growth stocks, particularly in the technology sector[2] - The AI infrastructure and application expansion in China and the U.S. is expected to create new investment opportunities, especially in satellite communication, optical modules, and software applications[2] Capital Flow - On June 4, net inflows into the Shanghai Stock Exchange amounted to 11.53 billion yuan, while the Shenzhen Stock Exchange saw net inflows of 14.64 billion yuan[4] - The top three sectors for capital inflow were communication equipment, securities, and optical electronics, while the largest outflows were from state-owned banks, commercial vehicles, and military electronics[4] Economic Indicators - In the first four months of the year, the private economy in China saw a year-on-year sales revenue growth of 3.6%[8] - Tax reductions and refunds for the private sector totaled 351.88 billion yuan, accounting for over 60% of the total tax relief measures[8]