A-share opening express | The three major indexes collectively opened higher, with the gaming sector leading the gain.

The three major A-share stock indexes opened higher, with the Shanghai Composite Index up 0.15% and the ChiNext Index up 0.28%. On the trading front, the gaming, consumer electronics, and automotive parts sectors led the gains. Market Outlook Huajin Securities: Short-term external events are slightly positive, domestic liquidity is temporarily loose, and technology and consumption are the main themes for allocation. Huajin Securities believes that currently, external events are slightly positive and liquidity is loose, and the growth style may be difficult to change in the short term. In the short term, technology and consumption may be the main themes for allocation. Firstly, historically, during periods of loose liquidity, industries with policy guidance and high prosperity tend to outperform. Secondly, currently, the policy direction is towards technology and consumption, and the rising industry trends are driven by technology. Zheshang Securities: It is expected that this round of spring offensive will continue to deepen, and it is recommended to adjust positions within the technology sector. It is expected that this round of spring offensive in the market will follow the path of "technology leading-retracement consolidation-comprehensive rebound" and further deepen. Of course, attention should be paid to the possible two-way fluctuations in some overvalued industries, sectors, and individual stocks. In terms of allocation, based on the judgment that the medium-term market is steadily rising and some industry sectors have increased volatility, it is recommended that investors maintain their current positions before the end of the spring offensive and continue to increase allocation when the "golden right foot" appears. In terms of industry sectors, it is recommended to make adjustments within the overvalued technology sector, find targets for "high cutting low" within the sector, or switch some positions to the large financial sector that has lagged behind in terms of previous gains, enabling participation in catch-up gains while smoothing out the net asset value curve. In addition, for the pharmaceutical sector, which has been declining for the past few years, attention can be paid to stocks with large declines, stable fundamentals, and increased shareholder holdings. Orient Securities: The demand for adjustment in the technology sector is relatively strong, but there is still no clear sign of a top. Recently, the technology sector has seen substantial gains, with a strong internal demand for adjustment, but there is still no clear sign of a top; the development trend of the domestic technology industry is clear, the momentum of technology stocks is not yet complete, and short-term adjustments present opportunities for reallocation, with a continued focus on the broad technology industry. This article is reproduced from "Tencent Self-selected Stocks", edited by GMTEight: Xu Wenqiang.