新华网财经·2025-05-09 04:52Core Viewpoint - The A-share market showed weakness with major indices declining, while dividend stocks, particularly in the banking and power sectors, performed strongly, indicating a shift towards defensive investments in uncertain market conditions [1][2][8]. Group 1: Dividend Assets Performance - Dividend assets, particularly in the banking sector, have regained attention as a stabilizing force in the market, with China Construction Bank and Jiangsu Bank reaching new historical highs [2][3]. - The performance of high-dividend stocks has been relatively stable, supported by external factors and the recent disclosure of annual and quarterly reports, which enhance the certainty of earnings in these sectors [8]. - Analysts suggest that investors should focus on high-dividend assets with strong fundamentals and lower internal crowding, especially in light of ongoing external disturbances [8]. Group 2: Innovation Drug Sector - The innovation drug sector showed initial strength, with stocks like Shuyou Shen rising over 15% at one point, reflecting positive market sentiment [9][10]. - Analysts believe that the pharmaceutical industry is poised for valuation recovery by 2025, driven by policy support, improved market recognition, and advancements in research and development [12]. - Investment opportunities are recommended in the innovation drug supply chain, high-end medical devices, and medical consumption terminals, particularly in companies with strong innovation capabilities and rich product pipelines [12]. Group 3: Semiconductor Sector - The semiconductor sector experienced significant declines, with leading companies like Huahong Semiconductor and SMIC seeing drops of 10.58% and 4.37%, respectively, negatively impacting overall market sentiment [13][15]. - Despite the traditional off-season in Q1, the semiconductor industry reported revenue and profit growth, indicating resilience due to demand for computing chips and advancements in self-sufficiency across various segments [16][17]. - Analysts maintain an overweight rating on the semiconductor sector, highlighting the clear trends of AI integration and self-sufficiency as key growth drivers [17].