第一财经·2025-10-30 07:47Core Viewpoint - The A-share market experienced a decline, with the Shanghai Composite Index falling below 4000 points, indicating a bearish trend in the market [3][4]. Market Performance - The three major indices in A-shares weakened in the afternoon, with the Shanghai Composite Index down 0.73% to 3986.90, the Shenzhen Component Index down 1.16% to 13532.13, and the ChiNext Index down 1.84% to 3263.02 [3][4]. - The market saw a total trading volume of 2.42 trillion yuan, an increase of 165.6 billion yuan compared to the previous trading day, with nearly 4100 stocks declining [7]. Sector Performance - The CPO, semiconductor, trading software, computing hardware, robotics, and photovoltaic sectors experienced significant declines, while the lithium battery, shipping, rare earth permanent magnet, and cultivated diamond sectors showed strength [4][5][6]. - Notably, stocks in the lithium battery sector, such as Penghui Energy and Chang Aluminum, reached their daily limit up [5]. Capital Flow - Main capital inflows were observed in the steel, energy metals, and battery sectors, while there were outflows from communication equipment, semiconductors, and securities sectors [9]. - Specific stocks like Tianqi Lithium and Jiangte Electric saw net inflows of 1.185 billion yuan and 783 million yuan, respectively, while stocks like Xinyisheng and Dongfang Caifu faced significant outflows [10][11]. Market Outlook - Analysts from Galaxy Securities suggest that the market may steadily move upwards along moving averages, with limited chances for a significant pullback, while opportunities lie in sector and stock rotation [12]. - According to Zhongtai Securities, the overall market trend is positive, with the Shanghai Composite Index breaking through the 4000-point mark, driven by the AI server industry chain [12].