Market Overview - The A-share market experienced a fluctuating trend, with the Shanghai Composite Index rising by 0.18% to close at 3946.74, while the Shenzhen Component Index remained flat and the ChiNext Index increased by 0.25% to 3076.85 [3][4]. Sector Performance - The gold sector showed strength, and the aquaculture sector surged in the afternoon, with stocks like Guolian Aquatic and Zangzi Island hitting the daily limit [4][5]. - The banking sector also performed well, with China Bank rising over 3% to reach a historical high, alongside significant gains in other banks like Everbright Bank and Ping An Bank [6]. Trading Volume and Market Sentiment - The total trading volume in the Shanghai and Shenzhen markets was 1.73 trillion, a decrease of 200.2 billion from the previous trading day, with over 4100 stocks declining [7]. - Main funds saw a net inflow into sectors such as telecommunications, banking, and precious metals, while there was a net outflow from computer, media, and pharmaceutical sectors [9]. Institutional Insights - Shenwan Hongyuan predicts a comprehensive market rally may start in the second half of 2026, marking the beginning of "Bull Market 2.0" [10]. - Zhongyuan Securities notes that the current A-share market is in a phase of consolidation around the 4000-point mark, with a likely continuation of style rebalancing between cyclical and technology sectors [11]. - CITIC Securities observes that the Shanghai Composite Index is fluctuating around 4000 points, with total market turnover decreasing to around 2 trillion, indicating active investment in thematic and growth sectors [12].