A-share market opening express | The three major stock indices opened higher collectively, with the precious metals sector rising collectively. The oil and gas, coal and other sectors led the decline.

The three major A-share stock indexes collectively opened higher, with the Shanghai Composite Index up 1.03% and the ChiNext Index up 3.07%. On the trading board, the precious metals sector as a whole rose sharply, with Western Region Gold hitting the limit up and Zhaojin International Gold rising more than 5%; the oil and gas, and coal sectors were among the top decliners. Institutional outlook Huajin Securities: Overseas risks have been released and sentiment has adjusted sufficiently, with policy measures leaning towards the positive side, A-shares may have bottomed out in the short term Huajin Securities stated that currently, the fundamentals may continue to improve, overseas risks have been released and pessimistic sentiment has adjusted sufficiently, and policy measures are leaning towards the positive side, indicating A-shares may have bottomed out in the short term. In terms of industry allocation, it is recommended to continue to buy on dips in technology and some cyclical industries with good performance in the short term. CITIC SEC: It is expected that the war will come to an end this month, and during the market cooling process, the focus will continue to be on China's manufacturing advantages CITIC SEC stated that the war is expected to come to an end this month, but the possibility of "weaponization" of the Strait of Hormuz and intermittent disruptions in the supply chain are increasing. Currently, among the five fundamental clues (dividends, going global, AI, PPI, and domestic consumption), only PPI, domestic AI, and consumption have not been fully priced in. After the war settles down, the transmission from oil->PPI->enterprise profits is the most important fundamental factor, with domestic AI being a relatively independent industry change, and consumption is likely to lag behind PPI trading. Of course, the "PPI->enterprise profit" trading will only begin after the oil price tops out when the war cools down. During the market cooling process, the allocation should gradually narrow down, focusing on China's manufacturing advantages. Orient Securities: External disturbances will not change the foundation of the slow bull market in China, the logic of policy support and long-term fund inflows remains unchanged Orient Securities stated that external disturbances will not change the foundation of the slow bull market in China, the logic of policy support and long-term fund inflows remains unchanged. This month, listed companies are entering a period of concentrated disclosure of performance, sectors with high performance certainty and continuous improvement in business conditions will be the core focus of fund allocation, with sectors such as AI computing power, innovative drugs, and the power chain worth buying on dips. This article is reproduced from Tencent's self-selected stocks, edited by GMTEight: Chen Wenfang.