Market Overview - On April 24, the A-share market experienced slight fluctuations, with the Shanghai Composite Index encountering resistance around 3313 points[2] - The Shanghai Composite Index closed at 3297.29 points, up 0.03%, while the Shenzhen Component Index fell 0.58% to 9878.32 points[8] - Total trading volume for both markets was 1,139.1 billion yuan, slightly lower than the previous trading day[3] Sector Performance - Strong performers included the power, wind power equipment, chemical pharmaceuticals, and energy metals sectors[3] - Weak performers included software development, internet services, communication services, and engineering machinery sectors[3] - Over 60% of stocks in the two markets declined, with significant inflows into power, beauty care, banking, and chemical pharmaceuticals sectors[8] Valuation Metrics - The average price-to-earnings (P/E) ratios for the Shanghai Composite and ChiNext indices were 14.02 times and 34.67 times, respectively, indicating a mid-level valuation compared to the past three years[3] - The market is deemed suitable for medium to long-term investments based on current valuation levels[3] Future Outlook - The fiscal policy for 2025 is expected to be more proactive, with potential interest rate cuts to maintain liquidity and support economic recovery[3] - The market is anticipated to remain in a range-bound fluctuation in the short term, with structural opportunities arising from policy support and economic resilience[3] - Investors are advised to focus on sectors such as power, chemical pharmaceuticals, wind power equipment, and biological products for short-term investment opportunities[3]
市场分析:电力医药行业领涨,A股小幅震荡
中原证券·2025-04-24 14:54