Market Overview - The Shanghai Composite Index closed at 3771.10 points, with an increase of 0.13% and a trading volume of 997.74 billion [1] - The Shenzhen Component Index closed at 11919.76 points, down by 0.06%, with a trading volume of 1426.31 billion [1] - The ChiNext Index closed at 2595.47 points, decreasing by 0.47%, with a trading volume of 648.04 billion [1] Sector Performance - Sectors such as semiconductors, brokerage, non-ferrous metals, automotive, and liquor experienced declines [1] - The AI industry chain stocks also saw a pullback [1] - Conversely, sectors including oil, electricity, coal, and gas collectively surged, along with an upward movement in the banking sector [1] - Digital currency and fertilizer concepts remained active in the market [1]

东兴证券指出，A股将会步入一轮中长期慢牛，市场走到目前阶段远未结束，居民存款搬家的空间仍然 十分巨大，经济未来进入新一轮复苏周期的时间节点可能也不会太远，同时，资本市场制度性红利不断 显现，上市公司质量稳步提升，新质生产力含量不断提升，市场有望出现业绩与指数共振的中长期趋 势。从短期来看，市场有望剑指4000点整数关口，进而强化中期慢牛的宏大叙事，同时有望进一步激活 场外资金对A股的配置热情，从更长的维度看，我们相信中国股票市场会创出新的高度。配置方向当前 以大科技为主。 21日，沪指盘中强势震荡，尾盘探底回升，深证成指、创业板指下探，场内超3000股飘绿。 截至收盘，沪指涨0.13%报3771.1点，深证成指微跌0.06%报11919.76点，创业板指跌0.47%报2595.47 点，上证50指数涨0.53%，沪深北三市合计成交24608亿元。 盘面上看，半导体、券商、有色、汽车、酿酒等板块走低，AI产业链股回落；石油、电力、煤炭、燃 气等板块集体拉升，银行板块亦上扬，数字货币、化肥概念等活跃。 （文章来源：证券时报网） ...

Group 1 - The fertilizer sector continues to rise, with significant stock price increases observed [1] - Both Boyuan Chemical (000683) and Qingsong Jianhua (600425) reached the daily limit increase [1] - Other companies such as Xuefeng Technology (603227), Kailong Co., Ltd. (002783), Luxi Chemical (000830), Hualu Hengsheng (600426), Yuntianhua (600096), and Xinghuo Technology (600866) also experienced price increases [1]

Core Viewpoint - The A-share market experienced a positive closing with the Shanghai Composite Index rising by 0.80%, driven by significant gains in the defense, agriculture, and aviation sectors [1] Market Performance - The three major indices opened high but fluctuated before closing, with the Shanghai Composite Index up by 0.80%, the Shenzhen Component Index up by 0.22%, and the ChiNext Index up by 0.51% [1] - The total market turnover exceeded 1.5 trillion yuan, with approximately 3,300 stocks rising [1] Sector Highlights - The defense and military industry saw substantial gains, with around 20 stocks, including Aerospace Long-March and Dazhong Technology, hitting the daily limit [1] - The agriculture sector, particularly seed and grain concepts, surged in the afternoon, with Qiule Seed Industry rising by approximately 18% [1] - The aviation sector also performed well, with stocks like Lijun Co. reaching the daily limit [1] - Other sectors that showed significant increases included shipbuilding, agriculture, insurance, real estate, large aircraft concepts, and fertilizer concepts [1] - Conversely, sectors such as semiconductors and media experienced declines [1]