Core Viewpoints - The report emphasizes that even in a bull market, fluctuations are inevitable, especially after the index breaks through significant levels like 3674 points, indicating potential volatility ahead [1][9][10] - The market is expected to experience short-term corrections due to profit-taking and the upcoming mid-year earnings disclosures, which may reveal performance pressures [1][4][9] - The overall market sentiment is shifting towards a "slow bull" pattern, suggesting a cautious approach to investment strategies, focusing on individual stocks with strong earnings certainty [2][10] Market Overview - On Thursday, the market opened strongly, with major indices like the Shanghai Composite Index breaking the 3700-point mark, but later faced significant selling pressure, resulting in a decline across all major indices [4][9] - The trading volume was substantial, with over 4000 stocks declining, reflecting a market that is grappling with both technical and psychological pressures at key resistance levels [2][9][10] - The insurance sector showed notable gains due to favorable policies affecting the liability side, while the brain-computer interface sector gained traction following government support for innovation in this field [6][7] Sector Performance - The insurance sector's rise is attributed to a reduction in the guaranteed interest rate for life insurance products, which is expected to enhance the investment returns for insurance companies [6] - The brain-computer interface sector is highlighted as a growing area of interest, supported by recent government initiatives aimed at promoting this technology as a national strategic industry [6][7] - Digital economy stocks, particularly those related to digital currency and data management, are anticipated to continue their upward trajectory, driven by government policies and market demand [7][8]

8月12日主力资金净流入749.20万元，占流通市值0.09%。近五日主力资金累计净流出543.28万元，占流 通市值0.07%。 风险提示：市场有风险，投资需谨慎。 截至2025年8月12日收盘，中科江南股价报25.24元，较前一交易日上涨0.17元，涨幅0.68%。当日成交 量为50664手，成交金额达1.28亿元。 中科江南属于软件开发行业，公司主营业务围绕数字财政、数字政务和政企数智化展开。公司表示将持 续推进核心客户项目实施和技术应用落地。 公司在互动平台透露，截至8月8日合并账户持有人数为22480户。针对研发投入情况，公司表示以指定 信息披露媒体披露为准。 来源:金融界 ...