如何看待节前的市场变化？：投资要点：

Group 1 - The market experienced fluctuations with a slight increase of 0.25% in the overall A-share market during the week of September 22-26, 2025, with the Sci-Tech 50 and ChiNext indices leading the gains, while the CSI Red Chip and CSI 1000 indices lagged behind [2][9] - The technology and advanced manufacturing sectors showed strong performance, while the pharmaceutical, medical, and consumer sectors faced declines [2][9] - The report indicates a decrease in the stock-bond yield spread to 0.5%, which is below the +1 standard deviation, suggesting a potential market peak in the near future [3][18] Group 2 - The gaming industry saw the approval of 156 new game titles in September, enhancing supply within the sector, with major companies like Tencent and NetEase receiving approvals for several key games [4][38] - The construction materials industry is set to benefit from the "Stabilizing Growth Work Plan (2025-2026)", which aims to promote the elimination of outdated production capacity and improve the supply-demand balance [4][39] - Nvidia announced a significant investment of $100 billion into OpenAI, indicating ongoing expansion in AI infrastructure, which presents investment opportunities in AI-related sectors [4][40] Group 3 - The report suggests a favorable outlook for the "Red October" market trend following the National Day holiday, with expectations of a market rally based on historical patterns [5][14] - The focus remains on sectors such as Hang Seng Technology, energy storage, satellite connectivity, and commercial aerospace, with recommendations for internal expansion within growth sectors [5][41] - The report highlights the potential for external rotation into consumer and large-cap blue-chip stocks for investors seeking lower volatility [5][41]