A股市场大势研判:A股全天震荡下跌
Dongguan Securities·2025-12-04 00:58

Market Performance - The A-share market experienced a downward trend with the Shanghai Composite Index closing at 3878.00, down 0.51% or 19.71 points [2] - The Shenzhen Component Index closed at 12955.25, down 0.78% or 101.45 points, while the ChiNext Index fell by 1.12% to 3036.79 [2] - The trading volume in the Shanghai and Shenzhen markets reached 1.67 trillion yuan, an increase of 765 billion yuan compared to the previous trading day [6] Sector Performance - The top-performing sectors included Transportation (up 0.69%), Non-ferrous Metals (up 0.63%), and Coal (up 0.57%) [3] - Conversely, the worst-performing sectors were Media (down 2.86%), Computer (down 2.26%), and Real Estate (down 1.53%) [3] - Concept indices showed that Cultivated Diamonds and Hyperbaric Oxygen Chambers were among the top gainers, while the Kuaishou concept and MLOps concept faced significant declines [4] Future Outlook - The report indicates that the A-share market is currently in a consolidation phase, with limited upward momentum expected in the short term due to profit-taking and a lack of market catalysts [6] - Long-term prospects remain positive, supported by favorable policies such as the "14th Five-Year Plan," overseas liquidity easing, and domestic policy support [6] - It is recommended to maintain a balanced allocation across sectors, particularly focusing on Non-ferrous Metals, New Energy, Technology Growth, and Dividend sectors [6] Policy Developments - The Ministry of Culture and Tourism, along with the Civil Aviation Administration, issued an action plan for the integration of culture, tourism, and civil aviation, promoting the development of low-altitude tourism [5]