Core Viewpoint - The spring market is reaching its peak, with investors optimistic about the strategy to expand domestic demand and the expectation of a strong start to the year [1] Market Performance - This week, the stock market saw a significant increase in trading volume, indicating that new capital is entering the market [1] - The Shanghai Composite Index rebounded significantly, reaching a new high for this round of market activity, while the Shenzhen Component Index experienced an even larger rebound, also hitting a new high for the year [1] - The average daily trading volume for both markets exceeded 28 trillion yuan this week, a substantial increase compared to the previous week [1] Sector Highlights - Market hotspots this week were primarily concentrated in the military and TMT (Technology, Media, and Telecommunications) sectors [1] - The ratio of the CSI 2000 to the CSI 300 (after normalization) was 1.42, continuing to rise since the end of 2025 [1] - Small-cap and technology stocks led the gains throughout the week [1] Technical Analysis - The Shanghai Composite Index completed a small double bottom pattern and is currently challenging higher target levels [1] - The index experienced downward adjustments in late November and mid-December 2025, with the rebound process now underway, having surpassed the target level of the small double bottom pattern [1] - Future attention should be paid to the volume-price relationship, similar to the double bottom pattern [1]
早盘直击|今日行情关注
申万宏源证券上海北京西路营业部·2026-01-12 03:24