A股市场大势研判：大盘震荡分化，三大指数涨跌不一

Market Overview - The market showed mixed performance with the three major indices fluctuating, where the Shanghai Composite Index rose by 0.25% to close at 3299.76, while the Shenzhen Component Index fell by 0.36% to 9870.05 [2][4] - The total trading volume in the Shanghai and Shenzhen markets reached 1.09 trillion, an increase of 48.6 billion compared to the previous trading day [6] Sector Performance - The top-performing sectors included retail trade (1.03%), building materials (1.02%), and transportation (0.90%), while the weakest sectors were media (-1.08%), telecommunications (-0.97%), and machinery (-0.80%) [3][4] - Concept indices that performed well included supply and marketing cooperatives (3.93%), cross-border payment (CIPS) (3.65%), and glyphosate (3.57%), whereas sectors like humanoid robots (-1.59%) and NVIDIA concept (-1.48%) lagged [3][4] Future Outlook - The market is expected to maintain resilience due to government support and the anticipation of policy measures aimed at stimulating consumption and infrastructure investment [6] - The upcoming May Day holiday is likely to boost consumer spending, and the market is advised to focus on opportunities in consumption recovery, technological independence, and high-dividend defensive stocks [6] Policy Developments - Recent policies include the issuance of a plan to enhance cross-border financial services in Shanghai, which aims to support the internationalization of the Shanghai Gold Exchange and expand the application of the RMB benchmark price in global markets [5] - The central government has also emphasized the development of smart connected vehicles and the establishment of civilian drone testing bases in free trade zones [5]