Huajin Securities: A-share spring market may enter the main upward stage.

Huajin Securities released a research report stating that the stock market may see an increase in funds and sentiment from after the Spring Festival to before the Two Sessions, and the A-share spring market may enter a major upward phase. Funds inflow into the stock market may rise from after the Spring Festival to before the Two Sessions. Firstly, historical data shows that foreign capital, margin financing inflow, and new fund issuance have all seasonally increased before the Two Sessions. Secondly, this year, margin financing and foreign capital inflow into the stock market may rise before the Two Sessions. Market sentiment may also rise from after the Spring Festival to before the Two Sessions. Historically, the turnover and trading volume of all A shares have increased in the 10 trading days after the Spring Festival and the 10 trading days before the Two Sessions in 7 out of 9 years since 2016. This year, policies leading up to the Two Sessions may boost market risk appetite. Key points of Huajin Securities: 1. A high probability of A-share market rising from after the Spring Festival to before the Two Sessions. Policies, external events, liquidity, and fundamentals are significant factors influencing the A-share trends during this period. This year, with domestic policies expected to become looser and external risks possibly decreasing, the A-share market may enter a major upward phase. 2. Funds inflow and sentiment in the stock market may rise from after the Spring Festival to before the Two Sessions. This year, margin financing and foreign capital inflow may increase, with the support of loose overseas expectations and continued domestic economic recovery expectations. Market sentiment may also rise. Short-term focus remains on technology growth, major financials, and some consumption industries. Short-term suggestions continue to focus on technology growth, major financials, and some consumption industries. The technology growth sector may become the main theme industry from after the Spring Festival to before the Two Sessions. Political and industry trends are continuously delivering, making the technology segment industries worthy of special attention. Additionally, the computer, communication, media, electronics, machinery, and defense industries may benefit from the upward trends in policies and market sentiment. Other industries such as electric vehicles, pharmaceuticals, food, trade, social services, and textiles may also see potential gains.