Core Viewpoint - The A-share market experienced a strong performance on the first trading day of the Year of the Horse, with all three major indices closing higher, driven by resource sectors and policy expectations as the Two Sessions approach [3][15]. Market Performance - On February 24, the Shanghai Composite Index rose by 0.87% to 4117 points, the Shenzhen Component increased by 1.36% to 14291 points, and the ChiNext Index gained 0.99% to 3308 points [3][15]. - The total trading volume for the day reached 2.2 trillion yuan, an increase of 219.2 billion yuan compared to the previous trading day, indicating heightened market activity [3][15]. Sector Analysis - Resource sectors, particularly oil and gas, led the market rally, with multiple oil and gas ETFs hitting the daily limit [4][16]. - In contrast, the film and media sector saw significant declines, with related ETFs dropping over 7% due to disappointing box office performance during the Spring Festival [4][17]. ETF Market Insights - Oil and gas ETFs showed remarkable performance, with several reaching the daily limit and an average increase of around 10% [5][18]. - The Standard & Poor's Oil and Gas ETF recorded a trading volume of 1.117 billion yuan and a turnover rate of 152.76%, reflecting strong market interest in this sector [5][18]. Investment Themes - Analysts suggest that resource products and technology sectors may become the main themes for the spring market, driven by policy expectations and industry trends [3][11]. - The focus on stable growth policies ahead of the Two Sessions is expected to benefit infrastructure and resource sectors [11][24]. Market Sentiment - Despite the overall market rally, there is a notable divergence in sector performance, with technology stocks experiencing mixed results [21][23]. - Southbound capital flows showed a "buy the dip" strategy, with net purchases of 3.131 billion Hong Kong dollars on February 24, indicating continued interest in the market despite fluctuations [22][24].

Market Performance - The A-share market rebounded this week, driven by the financial and technology sectors, with the Shanghai Composite Index returning to 3400 points, closing at 3424.23, reflecting a weekly increase of 1.91% [1][2] - The Shenzhen Component Index rose by 3.73% for the week, while the ChiNext Index surged by 5.69%, marking the largest weekly gain this year [1][2] ETF Performance - According to Go-Goal ETF data, the financial technology ETF from Huaxia saw a significant increase of 14.33%, leading the gains, while both the Hong Kong Securities ETF and financial technology ETF also rose over 14% [1][2] - Software and ChiNext artificial intelligence-related ETFs showed strong performance, while oil and gas ETFs experienced declines due to falling international oil prices [1][2] Fund Flows - The overall ETF market experienced a net outflow of 622 million yuan, with stock ETFs seeing a net outflow of 19.851 billion yuan, while bond ETFs and cross-border ETFs recorded net inflows of 23.875 billion yuan and 6.752 billion yuan, respectively [1][2] Upcoming ETFs - Eight new ETFs are set to be issued next week, including the Sci-Tech Value ETF from Huaxia, Hong Kong Stock Connect Technology ETF from Fuguo, and Hong Kong Stock Connect Medical ETF [1][2] - Nine ETFs, including the Large Cap Growth ETF, Hong Kong Consumption 50 ETF, and Hong Kong Stock Connect Technology 30 ETF, are scheduled to be listed next week [1][2]