沪指走出六连阳

Market Overview - The A-share market continues its upward trend, with the Shanghai Composite Index achieving six consecutive days of gains, closing at 3940.95 points, up 0.53% [3] - The Shenzhen Component Index rose 0.88% to 13486.42 points, while the ChiNext Index increased by 0.77% to 3229.58 points, indicating strong performance in the technology growth sector [3] - The total market turnover reached 1.9 trillion yuan, maintaining above 1.8 trillion yuan for three consecutive days, with over 4100 stocks rising, reflecting improved market sentiment [3] Sector Performance - The commercial aerospace sector saw a significant rebound, with the index rising 4.78%, driven by policy and industry catalysts, including the completion of IPO guidance for a leading private aerospace company [6] - The electronics, computer, and communication sectors increased by 2.01%, 1.59%, and 1.41% respectively, indicating a rise in market risk appetite, particularly in the artificial intelligence industry [6] - Defensive sectors such as agriculture, coal, food and beverage, and banking experienced declines, suggesting a market shift from defensive to growth-oriented investments [6] Policy and Economic Outlook - The market is expected to continue its upward trend due to policy catalysts and industry prosperity, as emphasized in the Central Economic Work Conference, which highlighted technology innovation as a key driver for modern industrial system construction [8] - The recent interest rate cut by the Federal Reserve and the appreciation of the RMB are likely to enhance the attractiveness of RMB assets, potentially increasing foreign investment in the A-share market [8] Bond Market Analysis - The government bond futures market showed slight fluctuations, with the 30-year main contract closing up 0.02% at 112.84 yuan, indicating a stable short-term interest rate outlook [11] - The central bank's net withdrawal operations did not alter the market's expectation of continued monetary easing, with short-term interest rates remaining low [11] Commodity Market Insights - The commodity index reached a new high for the year, with the Nanhua Commodity Index closing at 2628.39 points, up 1.21% [10] - Precious metals, particularly silver, platinum, and palladium, saw significant price increases, with silver rising by 8.12% and both platinum and palladium contracts hitting their daily price limits [10][16] - Lithium carbonate futures also surged, reflecting tight supply expectations and delays in the resumption of key mining projects [16] Trading Hotspots - Key investment themes include precious metals driven by central bank purchases and Fed rate cuts, commercial aerospace supported by government initiatives, and artificial intelligence applications gaining traction [13][15] - The market is advised to monitor developments in domestic rocket launch capabilities and the progress of major lithium mining projects [13][16]