Market Performance - A-shares experienced a positive trading day with major indices rising, including the Shanghai Composite Index up 0.43% to 3361.98 points, the Shenzhen Component Index up 0.16% to 10057.17 points, and the ChiNext Index up 0.48% to 2002.7 points, with a total market turnover of 1164 billion yuan [1][3] June Market Outlook - Analysts predict that the A-share market will continue to show an upward trend in June, driven by ongoing economic recovery, supportive domestic policies, and regulatory assurances for the market [1][2] - The chief economist at China Aviation Securities suggests that while global financial markets may remain volatile, China's assets could become a safe haven for global capital due to lower overall volatility [1] Sector Opportunities - The chief A-share strategist at CITIC Securities anticipates a bull market for Chinese equity assets over the next year, particularly from Q4 2025, as major economies synchronize in economic and policy cycles [2] - Analysts from Dongwu Securities and Zheshang Securities highlight potential opportunities in technology growth, domestic consumption, mergers and acquisitions, innovative pharmaceuticals, and military industries, with a focus on switching investments to sectors that have seen less rebound [2]

Market Overview - The A-share market experienced a positive start in June, with a notable increase in trading volume reaching over 11 trillion [1] - Despite the initial gains, there is uncertainty regarding the market's ability to sustain upward momentum, with potential for a five-wave pattern to develop [1] Sector Analysis - The technology sector, particularly the Sci-Tech Innovation Board, shows signs of bottoming out after a period of adjustment, which could lead to a separate market trend if successful [2] - The performance of the banking sector is directly influencing the overall index, with brokerages experiencing temporary gains but failing to maintain upward pressure [2] Technical Indicators - The market is currently in a multi-day bullish consolidation phase, as indicated by MACD patterns, but there are concerns about the strength of upward movements [3] - Key resistance levels have been identified, with 3368 as a critical point; a failure to maintain above 3332 could signal a downward trend [4] Strategic Outlook - The company suggests maintaining a bullish long-term outlook, with expectations of further opportunities in the market despite short-term fluctuations [4]

Market Overview - The market experienced a rebound with all three major indices closing in the green, driven by significant gains in new consumption concept stocks, IP economy, beauty, and sports sectors [1] - The total trading volume reached 1.1414 trillion, an increase of 22 billion compared to the previous trading day, with over 3,400 stocks rising [1] Sector Performance - The new consumption sector saw a strong increase, particularly with the IP economy concept stocks gaining traction. The Labubu brand's overseas performance exceeded expectations, and the opening of the first popop store in Shanghai on May 30 further boosted interest [2] - The sports concept stocks performed well, with the Jiangsu Province city football league gaining popularity and driving cultural tourism consumption [2] - The innovative drug sector maintained its strength, influenced by a correction in the Hong Kong market and significant announcements from multinational pharmaceutical companies, including a licensing agreement worth up to 11.1 billion USD for a new cancer drug [2] Banking Sector - Bank stocks showed renewed strength, supported by the trend of dividend stocks and adjustments to major indices by the Shanghai Stock Exchange and China Securities Index, which may lead to capital inflows [3] - Insurance capital continues to show interest in bank stocks, maintaining market momentum [3]

周一的时候看起来有点泥沙俱下的意思，尤其是港股的大幅度低开，这一度吓坏了A股投资者，结果最终收盘时港股拉了上去，隔夜的中概股指数直接上涨 了，这让大家看到了今天的希望，所以今天A股并没有出现超预期的低开，只是略微的向下，意思到了就直接开始超预期上涨。 9点到9点半是一波上涨，然后10点半到11点之间的拉升是另外一波上涨，沪指盘中上涨最多时达到了18点，一度到了3366点，创业板指数的涨幅逼近1%， 但是比较可惜的是，今天依然在缩量，市场的成交并没有出现积极的变化。 先来解释一下，为什么此前的担心在今天演化为上涨？ 首先，从消息面看，可以说变化莫测，一方面是之前大家看到的是钢铁和铝的关税将要提高，这让市场的担心情绪再次发酵，造成了外盘的下跌； 另外一方面又说要通话了，这让市场好像又嗅到了利好的氛围，我觉得今天市场能够上涨的核心，恰恰就是有这样的预期在这个层面，不过川大就喜欢制造 这样的场景； 其次，从市场内在的结构变化看，今天比较可惜的是券商出现了上涨，早盘9点半到10点的时候是第一波上涨，放量还不算明显，而接近11点开启的分时拉 升是真带量向上，各位可以看看沪指的分时图，几乎跟券商的分时图如出一辙，简单说，今 ...

6月3日，A股三大指数集体反弹，截至收盘，沪指涨0.43%，深成指涨0.16%，创业板指涨 0.48%，北证50指数涨1.03%。全市场成交额11638亿元，较上日放量4亿元。全市场近3400只个股 上涨。（编辑 王俊勇） ...

2025 年 06 月 03 日 一周市场回顾 证券研究报告-一周市场回顾 一周市场回顾 （2025.05.26—2025.05.30） A 股市场： 融资融券： 分析师：马遥识途 资格证书：S1330524050001 联系邮箱：mayst@hxzb.cn 联系电话：15201282186 相关研究 一周市场回顾 （ 2025.05.06 — 2025.05.09） 2025.05.12 一周市场回顾 （ 2025.04.28 — 2025.04.30） 2025.05.06 一周市场回顾 （ 2025.04.14 — 2025.04.18） 2025.04.21 市 场 研 究 · 一 周 市 场 回 顾 · 证 券 研 究 报 告 本周 A 股上证指数下跌 0.03%，收于 3347.49 点，深证成指下跌 0.91%，收于 10040.63 点，创业板指下跌 1.40%，收于 1993.19 点。 价值风格类板块代表指数上证 50、中证 100、沪深 300 分别下跌 1.22%、下跌 1.69%、下跌 1.08%，成长风格类板块代表指数中小 100、中证 500、中证 1000 分别下跌 1.55% ...

Group 1 - The A-share market is experiencing increasing mid-term favorable factors, including a potential stabilization and recovery of ROE driven by improved net profit margins, stable turnover rates, and rising equity multipliers [1] - Broad-based valuation recovery of Chinese assets is ongoing, supported by three variables: technological innovation, the end of the rapid decline in real estate, and improved policy cycles, with the RMB appreciation providing additional attraction for asset allocation [1] - Core assets represented by A50, consumption, and finance have shown strong fundamental resilience over the past three years and are expected to lead the recovery in the current ROE cycle [1] Group 2 - A500 ETF (159339) tracks the A500 index, which covers 63% of total revenue and 70% of total net profit in the A-share market with less than 10% of the total number of stocks, making it a powerful tool for long-term investment in high-quality development trends [2] - A50 ETF (159592) tracks the A50 index, focusing on large-cap leading stocks benefiting from increased market concentration due to supply-side reforms, which are likely to attract more capital during earnings disclosure periods [2] - The A-share market demonstrates strong resilience due to relatively stable domestic macroeconomic conditions and ongoing policy support for key sectors, making it a potential safe haven for capital during global market volatility [2]

6月3日，A股开盘，上证指数低开0.22%，深证成指低开0.34%，创业板指低开0.33%。（编辑 王 俊勇） ...

A股开盘，上证指数跌0.22%，深证成指跌0.34%，创业板指跌0.33%。 ...

作为券商月度策略的精华，券商每月金股受到市场关注。 回望5月，最牛金股当月涨幅高达52%。刚刚出炉的6月金股中，电子、医药生物、汽车、食品饮料等板块的金 股数量居前，港股标的关注度显著抬升。 展望6月，不少券商认为，当前弱美元趋势下，人民币资产有望受益，A股中长期有望震荡上行。 医药板块金股5月收益率领先 从5月金股表现来看，由长城证券推荐的药师帮（9885.HK）以52%的月涨幅排名第一；由华西证券推荐的曼 卡龙（300945.SZ）、由天风证券推荐的潮宏基（002345.SZ）紧随其后，分居第二、第三，月涨幅均超45%。 展望6月行情，不少券商认为，当前弱美元趋势下，人民币资产有望受益，A股中长期有望震荡上行。 中国银河证券策略首席蔡芳媛认为，6月A股市场将大概率震荡上行，建议把握波动中的确定性，关注消费、 科技、红利三条主线。随着经济复苏的持续叠加国内政策保持积极态势，并且监管层多次发声表达对A股市场 的呵护，人民币资产作为美国信用的一种对冲可能受益，多因素共振将持续助力市场风险偏好提升。 东吴证券认为，新一轮"东升西落"交易可能很快来临。美元周期是"东升西落"交易的关键，从历史经验看，在 全球流动性宽 ...