Guangda Securities: The market will enter the next phase of an upward trend in the second half of the year and is expected to break through the period high of 2024.

Guangda Securities released a research report stating that, driven by short-term expectation differences, the market may hit new highs in the second half of the year. Overall, the market trend since September last year has gradually shifted from policy-driven to fundamental and liquidity-driven, and the pace of the future market trend may resemble that of 2019. Looking ahead to the second half of the year, there are still some expectation differences in the market, such as the sustainability of short-term fundamental improvements, continuous inflow of funds, and opportunities brought about by the development of emerging industries. Therefore, Guangda believes that the market will start a new phase of upward trend in the second half of the year and may surpass the interim high point in the second half of 2024.