（文章来源：证券时报网） 盘面上看，煤炭、地产、燃气、石油、酿酒等板块走低，半导体板块大幅走高，芯片概念、CPO概念、 消费电子、军贸概念等爆发。 华金证券指出，长期视角下，A股中长期慢牛趋势可能进一步稳固。一是盈利预期可能继续改善。二是 积极的政策可能进一步提升A股估值。短期视角下，A股可能延续震荡偏强的慢牛走势。一是二十届四 中全会强调完成今年经济增长目标，对短期盈利预期可能有提振。二是二十届四中全会可能进一步提升 短期流动性宽松预期：年底经济增长目标完成的需求下央行仍可能降息降准。三是可能提升市场风险偏 好。 华安证券表示，二十届四中全会强调全面增强科技自主创新能力，可重点把握科技新一轮成长产业景气 的投资机会。本轮产业周期以AI算力基建为代表，具体可关注泛TMT、算力（CPO、PCB、液冷、光 纤）、应用（机器人、游戏、软件）、军工等。 24日，两市股指盘中放量拉升，深证成指涨超2%，创业板指大涨超3%，场内超3000股飘红。 截至收盘，沪指涨0.71%报3950.31点，深证成指涨2.02%报13289.18点，创业板指涨3.57%报3171.57点， 科创50指数涨4.35%，沪深北三市合计成交1 ...

展望后市，东方证券认为，总体来看，短期贸易战冲击基本被市场消化，科技股回调基本到位且大有反 弹迹象，加上大盘蓝筹股压阵，沪综指创新高应该顺理成章。 热门板块 10月22日，A股早盘震荡走弱，截至9:41，沪指跌0.52%，深成指跌0.95%，创业板指跌1.07%。 1、页岩气板块延续活跃 页岩气板块延续活跃，中裕科技创新高，神开股份、石化机械3连板，德石股份、石化油服、山东墨 龙、秉扬科技、山河智能跟涨。 点评：消息面上，自然资源部"十五五"聚焦深海深地标准化制高点，为页岩气板块注入强预期。 盘面上，深地经济、页岩气板块延续活跃，中裕科技创新高，神开股份、石化机械3连板;创新药概念反 弹，昂利康涨停;地产板块再度活跃，盈新发展3连板。下跌方面，有色、半导体、煤炭、军工等方向跌 幅居前。 申万宏源认为，上周行情已经证明，顺周期和价值行情暂时无法引领总体指数再上台阶，总体市场延续 9月初以来的休整波段。A股的有效突破最终还是要靠科技引领。从性价比来看，A股总体的赚钱效应已 回落至中低位，调整波段已接近尾声。同时创业板相对沪深300的扩散指标已回落至低位，"高切低"行 情短期性价比已不高。2025年四季度还有科技引 ...

Market Performance - On September 5, the A-share market experienced a strong upward trend with all three major indices rising. The Shanghai Composite Index closed at 3812.51 points, up 1.24%, the Shenzhen Component Index rose 3.89% to 12590.56 points, and the ChiNext Index surged 6.55% to 2958.18 points [1] - The total market turnover reached 23,484 billion yuan, with 4,857 stocks rising, including 107 stocks hitting the daily limit [1] Sector Performance - The ChiNext Index showed particularly strong performance, with a trading volume of 247.89 billion shares and a turnover of 6,764.04 billion yuan. Among the 1,385 stocks in the ChiNext, 1,337 stocks saw price increases, accounting for 96.53% [1] - The battery sector led the gains with a rise of 9.14%, achieving a turnover of 1,777 billion yuan, and 101 stocks in the sector increased in price, including 16 stocks hitting the daily limit. The sector has accumulated a year-to-date increase of 62.01% [1] - Other sectors such as energy metals, photovoltaic equipment, and wind power equipment also performed well, with increases of 7.69%, 6.26%, and 5.75% respectively [1] Capital Flow - The top three industries for net inflow of main funds on that day were batteries, components, and photovoltaic equipment, with net inflows of 259.96 billion yuan, 103.35 billion yuan, and 88.62 billion yuan respectively [2] Market Outlook - Analysts suggest that the current A-share market is in a favorable environment characterized by intertwined policy benefits and ample liquidity, predicting a short-term trend of upward fluctuations. Investment opportunities are recommended in the battery, energy metals, and semiconductor sectors [2] - In the medium to long term, the market's upward potential is supported by the revaluation of Chinese assets and the high-quality development of the securities market [2] - Suggested investment strategies include focusing on high-elasticity growth technology sectors such as TMT, AI, computing power, robotics, and military industry, as well as sectors with strong support or better-than-expected performance, including rare earth permanent magnets, precious metals, engineering machinery, motorcycles, and agricultural chemicals [2]