A-Share Opening Report | Shanghai Stock Exchange and ChiNext Index Move in Opposite Directions, Dairy Concept Leads Strong Gains

A-Share three major indices opened with mixed performance, with the Shanghai Composite Index falling by 0.06% and the ChiNext Index rising by 0.01%. On the market front, dairy concepts saw strong gains across the board, with Beiers Lake Dairy opening high at 16%; pharmaceutical stocks continued to be active, with Yuyuan Kangde reaching a new high of 2% in two-and-a-half years; and technology stocks moved lower, with Huawei Shunyu and machine vision concept leading the declines, followed by rare earths, precious metals, and fertilizer sectors pulling back.

Institutional Outlook

Everbright Securities: Riding "Technology Growth + Cycle" Trends and Diversification

Everbright Securities believes that behind the sector rotation and market expansion lies a reflection of market risk appetite rising after, various funds are actively seeking and excavating unpriced sub-sectors within main lines. As the "technology growth + cycle" two main trends continue to consolidate market consensus and produce profit-making effects, while some sub-areas remain relatively underserved, various funds will still actively seek out opportunities within. By grasping stock price positions, configuration logic, and understanding the rotation and expansion of these two main trends, it is likely that this approach will remain a key response strategy going forward.