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短期大涨无疑,也为A股本轮跨年行情的演绎进一步打开空间
Sou Hu Cai Jing· 2025-05-12 17:58
Group 1 - The A-share market experienced a volume contraction and most broad-based indices recorded declines at the close [1] - The Politburo meeting's announcement was significantly more optimistic than expected, leading to a surge in Hong Kong and FTSE A50 indices [1][2] - The meeting indicated that the GDP growth target of around 5% for 2024 is likely to be achieved, boosting market confidence [1][2] Group 2 - The meeting emphasized the implementation of more proactive macro policies to stimulate domestic demand and promote innovation, which is seen as a positive outlook for 2025 [1][2] - The focus on stabilizing the real estate and stock markets is expected to eliminate risks of significant declines, encouraging capital inflows [1][2] Group 3 - The market adjustment was primarily due to concerns over policy uncertainties ahead of important meetings, leading to some investors withdrawing funds [3] - The dividend index and large-cap indices saw gains, while the ChiNext and small-cap indices experienced larger declines [4] Group 4 - The dividend style remains supported, while growth-oriented stocks have shown a notable pullback, indicating a decrease in market risk appetite [5] - Long-term capital is expected to be a significant source of incremental funds in the market, with the dividend style likely to perform well [5] Group 5 - A sharp rise in the market is not expected to be sustainable, and investors are advised to avoid chasing high prices after significant increases [6] - The total trading volume for the day was 16,345 billion yuan, a decrease of 1,543 billion yuan from the previous trading day [9]