Core Viewpoint - The commencement of the "Yaxia" hydropower station construction, with a total investment of 1.2 trillion, is expected to boost infrastructure investment growth and enhance economic stability expectations [1]. Market Performance - The stock market continued to rebound, with the Shanghai Composite Index showing a five-week upward trend and reaching a recent high during the week [1]. - Daily trading volume in both markets exceeded 1.8 trillion, indicating a significant increase compared to the previous week [1]. - The Shenzhen Component Index accelerated its gains, achieving a new high for the year [1]. Sector Focus - Market hotspots were primarily concentrated in construction and building materials sectors related to infrastructure [1]. - Investment styles favored small-cap and technology sectors, which experienced larger gains [1]. Technical Analysis - The Shanghai Composite Index has accelerated its upward movement after breaking through a consolidation range from the previous year [1]. - The main technical resistance level is at the high point from early October of last year, which also represents the top of a weekly large box range [1].
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申万宏源证券上海北京西路营业部·2025-07-28 01:44