A-share market opening express | The three major stock indexes opened with mixed gains and losses, with the non-ferrous metal sector showing active performance.

The three major stock indexes of A-shares opened with mixed results, with the Shanghai Composite Index rising by 0.08% and the Growth Enterprise Market Index falling by 0.11%. In terms of market performance, the non-ferrous metal sector was active, while the military industry, commercial aerospace, and diamond cultivation sectors led the decline. Institutional Outlook: CITIC SEC believes that with more incremental funds being dominated by steady left-side funds in the fund ecology, A-shares/Hong Kong stocks may show more "sharp drops and slow rises" in the future, similar to US stocks. For investors who need to increase their equity allocation, the early release of risks at present provides an opportunity to increase allocation to A-shares/Hong Kong stocks and position for the year 2026. East Money Information Securities stated that under the influence of calendar effects and institutional behavior, the recent incremental funds have shifted from resonance in the third quarter to divergence, with a slowing trend of net inflows. As we enter December, the influx of funds is expected to strengthen again, and the spring market may have a chance to outperform. Guotai Haitong's strategy strongly believes in the prospects of the Chinese market, with the stock index entering the "hitting zone". Opportunities always emerge in times of panic, and the Chinese stock market will gradually stabilize and launch a cross-year offensive, with plenty of room for upside, making it a good time to increase holdings. The recent volatility in the US stock market, along with Google hitting new highs, seems more like a structural shift of AI rather than the end of the trend. China is also expected to experience a resonance period in terms of policy, liquidity, and fundamentals from December to February, with a gradual increase in offensive combinations after market adjustments. Bullish on AI applications, companies like Siasun Robot & Automation, domestic consumption, and Xinjiang infrastructure construction. This article is reprinted from Tencent's stock selection and edited by GMTEight: Chen Wenfang.