Group 1 - The A-share market showed strong recovery after the Spring Festival, with overall positive performance and increased trading volume, indicating a bullish sentiment among domestic investors [1] - The market's rebound was characterized by significant inflows into cyclical industries, reflecting investor expectations for a further rise in PPI [1] - Small and mid-cap stocks outperformed large-cap blue-chip and technology stocks, which is a typical feature of the spring market [1] Group 2 - The Shanghai Composite Index entered a consolidation phase after a series of rebounds, with current market characteristics including sector differentiation and rapid industry rotation [2] - Attention is needed on the technical resistance at previous highs and the ability of the 5-day moving average to hold [2]
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申万宏源证券上海北京西路营业部·2026-03-02 01:56