A-stock market opening express | The index opened low and went high. The ChiNext and Shenzhen Component Index both turned red! The concept of digital currency is repeatedly active.

On December 30th, the market opened low and moved higher, with both the Shenzhen Component Index and the ChiNext Index turning positive; as of 9:40, the Shanghai Composite Index fell by 0.29%, the Shenzhen Component Index rose by 0.27%, and the ChiNext Index rose by 0.53%. In terms of the market, the digital currency concept led the gains in both markets, with Beijing Cuiwei Tower seeing two consecutive limit up days; semiconductor, AI intelligence, and other concepts were among the top gainers. On the downside, the precious metals sector opened lower across the board, with the retail, duty-free, textile manufacturing, and other consumer sectors leading the adjustments. EB Securities pointed out that there is a clear difference in market sentiment, but considering that the 4000-point mark is within reach, the bulls may continue to push the Shanghai Composite Index to fluctuate upwards towards 4000 points. Meanwhile, the style of rotation of hot spots is likely to continue. Popular sectors: 1. The digital currency concept is repeatedly active The digital currency concept was repeatedly active, with Beijing Cuiwei Tower seeing two consecutive limit up days, and stocks like Hengbao Co.,Ltd., Chutian Dragon, Lakala Payment, BeiJing Certificate Authority, and SZZT Electronics following suit. Remarks: On the news front, the People's Bank of China issued the DIGIHUMAN RMB Action Plan, which will be officially implemented from January 1 next year. The Northeast Economic Research Team believes that the development of the DIGIHUMAN RMB is essentially transforming trade efficiency into a strategic chip through blockchain technology, and its development rhythm will be deeply linked to the country's core national interests. 2. The AI intelligence concept was active in early trading In the early trading session, the AI intelligence concept was active, with Qingdao Kutesmart Co.,Ltd. rising by over 10%, and stocks like Beijing ZEHO Waterfront Ecological Environment Treatment, REFORMER, Nanxing Machinery, BlueFocus Intelligent Communications Group, and Digiwin Co.,Ltd. following suit. Remarks: On the news front, Meta acquired the company Manus, which develops AI applications, for billions of dollars, causing a ripple effect. 3. The precious metals sector opened lower across the board In the early trading session, the precious metals sector opened lower across the board, with Baiyin Nonferrous Group hitting the limit down, and stocks like Henan Yuguang Gold & Lead, Inner Mongolia Xingye Silver&Tin Mining, Sino-Platinum Metals, and Beijing Xiaocheng Technology Stock leading the decline. Remarks: On the news front, international precious metal prices fell sharply overnight, with silver prices dropping by nearly 9%, palladium prices falling by over 15%, and platinum prices falling by over 14%. Institutional viewpoints: 1. Orient: The current market is gradually accumulating upward momentum, and the "year-end" rally is expected to continue Recently, the stock market rebounded significantly, with the Shanghai Composite Index clearly attracting mainstream funds; on the 29th, the Shanghai Composite Index closed with the ninth consecutive bullish candlestick, indicating a high probability of the index maintaining its strength before New Year's Day. Looking at the performance of various sectors, after several months of continuous adjustments, some leading stocks rebounded first, with clear signs of capital inflows. Considering that their development pace is deeply linked to the country's core interests, it is worth considering a strategic long position. Overall, the current market is gradually accumulating upward momentum, with hot spots emerging continuously, and the "year-end" rally is likely to continue. 2. EB Securities: The bulls may continue to push the Shanghai Composite Index to fluctuate upwards towards 4000 points Although the Shanghai Composite Index has seen 9 consecutive bullish days, most individual stocks have closed lower for two consecutive trading days, indicating a clear difference in market sentiment; but considering that the 4000-point mark is within reach, the bulls may continue to push the Shanghai Composite Index to fluctuate upwards towards 4000 points, and the style of rotation of hot spots is likely to continue. 3. Guotou Securities: The probability of a subsequent consolidation is higher than that of accelerating upward movement Chief Strategy Analyst Lin Rongxiong of Guotou Securities pointed out that during the bullish period, the market has not seen a significant increase in gains (the median increase in the Shanghai Composite Index during the last 16 "eight consecutive bullish" periods was 6.3%, while this time the increase was only 2.8%), and with trading volume not significantly increasing, the probability of the overall market entering a consolidation phase is higher than that of accelerating upward movement. This article is reprinted from "Tencent Stock Picks", GMTEight Editor: Jiang Yuanhua.