A-share midday evaluation | Shanghai index slightly rises in half a day without fear of external influences, rise of resource stocks such as non-ferrous metals

ustrial believes that the market will gradually enter a phase of being more "realistic" in March and April, and will consciously look for directions with policy support and performance support. Popular sectors 1. AI intelligent body concept is hot The AI intelligent body concept continued to be strong, with nearly 10 stocks rising steadily, including Qingdao Kutesmart Co., Ltd., Nanxing Machinery, Shanghai Stonehill Technology, Guomai Technologies, Inc., and Weaver Network Technology. Comment: Huatai research report stated that the world's first universal Agent application "Manus AI" was released on March 5th, which can automatically perform tasks such as in-depth research, data analysis, contract review, and resume screening, covering various applications in research, life, data analysis, education, and production efficiency. The Agent application has entered a crucial stage of engineering landing and is expected to enter a volume year in 2025. Manus AI stated on its official website that it will open source some models in the future, which is expected to accelerate the expansion of the Agent ecosystem. 2. Non-ferrous metal concept rises The non-ferrous metal concept is fluctuating and rising, with industrial metals and precious metals leading the way. Stocks such as Yunnan Luoping Zinc & Electricity, Zhuzhou Smelter Group, and Tibet Huayu Mining all rose steadily. Comment: In recent news, most non-ferrous metal prices have risen. Due to potential U.S. tariff policies and China's economic growth targets, international copper prices have risen by more than 16% year to date. A CITIC SEC research report pointed out that a continued supply constraint, insufficient pricing of demand recovery, and multiple factors such as trading anomalies caused by trade disputes are expected to drive metal sector stock prices to new highs in 2025. 3. Defense industry sector rises Defense stocks are volatile and rising, with morning technology rising nearly 10%, and others following suit like North Long Dragon New Materials Tech, Jiangxi Hongdu Aviation Industry, Guizhou Aviation Technical Development, Avic Aviation High-Technology, Aerospace CH UAV, Jiangxi Guoke Defence Group, and Xi'an Triangle Defense. Comment: According to the China Galaxy research report, artificial intelligence brings major opportunities for changes in combat theory and the intelligent development of weapons and equipment. With the development of information technology, the widespread use of artificial intelligence technology in the military field is becoming a reality and gradually infiltrating areas such as intelligence analysis and command decision-making. Institutional views 1. Orient: The Shanghai Composite is expected to continue to challenge the region near 3400 points. Orient believes that in the short term, after external disturbances stabilize, the stock index will rise hesitantly, with the Shanghai Composite Index basically reaching the high point of this small adjustment, and is expected to continue to challenge the region near 3400 points. Technology growth sectors remain the main line, and the mid-term trend of revaluation of technology assets is expected to continue. 2. Minsheng Securities: Policy efforts will improve the marginal situation of cyclical sectors. Minsheng Securities believes that looking ahead, the realization of Chinese technology stock performance may bring about differentiation in the market. Currently, inventory levels of domestic industrial enterprises have dropped below the central level of the past five years, and capacity utilization has increased slightly. The efforts of the "two new and two heavy" policy will lead to greater marginal improvement in cyclical sectors driven by domestic demand. The recommendation includes: first, downstream consumption related to the stabilization of "volume" enterprises (brand clothing, food and beverage, white goods, tourism, etc.) + midstream supply patterns with good or positive changes (construction machinery, steel, chemical products, lithium batteries, etc.) + non-ferrous metals (copper, aluminum); second, under inflation risks, bulk commodities are reassessed: gold, crude oil, and the start of gold stocks may depend on the confirmation of rising gold prices after the slowing trend of gold price increases; third, undervalued dividends, combined with the reduction of macro risks in China: banks, insurance. 3. Industrial: The market will gradually enter a phase of being more "realistic." Industrial3-4Yustrial believes that the market will gradually enter a more "reality-oriented" stage in March-April, consciously seeking out some low-level directions with policy support and performance support. The previous tech growth style represented by AI continued to evolve, driven not only by industrial trends, but also by the boost in market risk preference due to a period of fundamental and policy vacuum. And as March approaches, with a series of important milestones nearing, the market will also enter the traditional window of improving the effectiveness of fundamental and policy factors. Therefore, the market is consciously expanding towards some low-level directions that benefit from policy support and marginal improvement in economic conditions.This article is reproduced from "Tencent Stock Selection". Editor: Wang Qiujia.