A-share market opening express | Three major indices open lower with active AI concept

On February 13th, the three major indexes of A-shares collectively opened lower, with the Shanghai Composite Index down by 0.44%, the Shenzhen Component Index down by 0.66%, and the ChiNext Index down by 0.56%. In terms of market performance, the AI review concept was active, with People.cn Co.,Ltd hitting the limit up, Beijing Haohan Data Technology up by over 10%, SDIC Intelligence Information Technology up by over 8%, and Sansec Technology, Jilin University Zhengyuan Information Technologies, Shenzhen Sinovatio Technology following the uptrend. On the other hand, non-ferrous metals, optical module, and film and television media sectors led the decline. Looking ahead, EB SECURITIES believes that with some funds taking profits or holding over the holiday, market preferences and hotspots are expected to be relatively subdued. The Shanghai and Shenzhen indexes are also unlikely to see major changes before the holiday, and narrow fluctuations are expected to continue. Popular Sectors: 1. The AI review concept is active, with key performers like People.cn Co.,Ltd, Beijing Haohan Data Technology, and others showing strong growth. 2. The space photovoltaic concept experienced a slight downturn this morning, with companies like Shuangliang Eco-Energy Systems and others following the downtrend. Institutional Views: - Minsheng Securities: With the end of the Spring Festival games, market differentiation may occur after the holiday. They recommend taking profits before the holiday and focusing on cyclical dividend assets, technology growth, and sectors like medicine, defense, and automotive. - EB SECURITIES: With a decrease in pre-holiday trading activity, they predict continued narrow fluctuations in the market. - Xinhua Asset Management Fund: A-share market can be expected in 2026, with multi-dimensional reforms supporting long-term development. They believe China's overall international competitiveness is improving, and the transition to an innovation-driven economy will lead to more opportunities in the capital market.