Brokerage morning meeting highlights | Prosperity is the core, adhere to the "technology + resources" dual mainline

Last Friday, the index oscillated and rose in the closing session, with the Shenzhen Component Index probing the bottom and rebounding. The ChiNext Index and Shenzhen Component Index both rose by more than 0.5%, while the BSE 50 Index surged by over 3%. The turnover of the Shanghai and Shenzhen markets was 3.09 trillion, compared to 393.5 billion in the previous trading day. On the stock market, the market quickly rotated hot spots, with over 3900 stocks rising, including 121 stocks hitting the limit up. In terms of sectors, the photovoltaic concept exploded, with more than 30 stocks including LONGi Green Energy Technology, Hainan Drinda New Energy Technology, GCL System Integration Technology, Ming Yang Smart Energy, and Shenzhen Topraysolar hitting the limit up. The commercial aerospace concept was active, with over ten component stocks hitting the limit up, including Goldwind Science & Technology, Lubair Aviation Technology, and Western Metal Materials. The AI application concept rose, with Zhewen Interactive Group hitting the limit up in 4 days. The precious metals concept continued to be strong, with Baiyin Nonferrous Group hitting the limit up for 4 consecutive days, and China National Gold Group Gold Jewellery and Henan Yuguang Gold & Lead hitting the limit up. The pharmaceutical business concept was active, with Yifeng Pharmacy Chain hitting the limit up. On the downside, the insurance and banking sectors led the decline. As of the close, the Shanghai Composite Index rose by 0.33%, the Shenzhen Component Index rose by 0.79%, and the ChiNext Index rose by 0.63%. At today's brokerage morning meeting, China Securities Co., Ltd. believes that prosperity is the focus, and it adheres to the dual main lines of "technology + natural resources". East Money Information believes in the spring market under the coexistence of industry themes and the price hike chain; Huatai believes in the revelation of gold price breaking five thousand and silver price breaking one hundred. China Securities Co., Ltd.: Prosperity is the focus, adhere to the dual main lines of "technology + natural resources" In the past two weeks, there has been some differentiation in the market's liquidity, with over 570 billion yuan flowing out of wide-based ETFs, while industry-themed ETFs still have around 110 billion yuan flowing in. Overall, the recent active cooling down of the pace of regulation, the overall main tone is still positive, and it is suggested to focus on prosperity and adhere to the dual main lines of "technology + natural resources". In terms of technology, AI semiconductors/new energy remains the current core of prosperity, while hot spots such as AI applications/space photovoltaics/innovative drugs continue to catalyze prosperity. In terms of natural resources, the performance of the non-ferrous industry is relatively good, focusing on the transmission and diffusion of the subsequent prosperous market to the petrochemical and machinery sectors. Key industries to focus on: semiconductors, AI, new energy, non-ferrous, chemical, media, computer, machinery, pharmaceuticals, etc. East Money Information: Spring market under the coexistence of industry themes and the price hike chain In the short term, if the spring market is overheated or fluctuating, in the medium term, it still appears to be progressing, with two core clues: the industry directions with large imaginative spaces such as commercial aerospace and AI applications, and the other clue is the price hike chain with great profit elasticity expectations. In addition to industry directions such as commercial aerospace and AI applications, the price hike chain is also an important means of investing in prosperity in the spring market. The core reason for the mismatch between supply and demand in this round of price hikes has been suggested to follow the following clues: 1) the AI hardware chain that has expanded from the past GPU to other links: storage aspects such as DRAM / NAND, electric cloth, and the recently launched CPU price hike chain; 2) the upstream raw materials chain with a relatively lagging capacity cycle, benefiting from the supply gap, such as lithium carbonate, PTA, etc.; 3) the global loose cycle combined with the industrial metals and minor metals chain driven by new quality productivity. (copper, aluminum, minor metals, etc.). Huatai: Insights from gold breaking five thousand and silver breaking one hundred Under the global changes, the trends of gold and silver remind us that the "gold content" of currency is decreasing, and the "valuation anchor" is quickly drifting upwards. We may need to make adjustments to the pricing system of scarce physical assets and core equity assets; the changes in the supply-demand balance of scarce key commodities in global commodities, including AI and defense aerospace, may continue to drive the revaluation of a broader range of commodities and natural resource prices. This article is reprinted from "Cai Lianshe", GMTEight edit: Chen Xiaoyi.