The three major A-share stock indexes collectively opened higher on January 14. In early trading, the two markets opened higher and went higher, rising like a rainbow, and the Shanghai Composite Index and the Innovation Index recorded the largest intraday gains in the past month. In the afternoon, the two markets continued to fluctuate upward, and the late gains narrowed slightly. The BSE 50 Index soared 10.77%.

Judging from the disk, robots and Xiaohongshu concept stocks set off a rising tide, financial technology and AIGC concepts rose strongly, and consumer electronics broke out in the afternoon.

At the close, the Shanghai Composite Index rose 2.54% to 3,240.94 points, the STAR 50 Index rose 3.11% to 981.78 points, the Shenzhen Component Index rose 3.77% to 10,165.17 points, and the ChiNext Index rose 4.71% to 2,075.76 points.

Wind statistics show that a total of 5,328 companies in the two cities and the Beijing Stock Exchange rose, 38 declined, and 17 were flat.

The turnover of the two cities was 1,350.7 billion yuan, an increase of 384.3 billion yuan from 966.4 billion yuan on the previous trading day. Among them, the Shanghai market turnover was 539 billion yuan, an increase of 127.2 billion yuan from the previous trading day's 411.8 billion yuan, and the Shenzhen market turnover was 811.7 billion yuan.

According to Great Wisdom VIP, a total of 388 stocks in the two cities and the Beijing Stock Exchange rose by more than 9%, and no stock fell by more than 9%.

All sectors of Shenwan rose by more than 1%.

From the perspective of sectors, all sectors of Shenwan rose, and rose by more than 1%.

The sharp rise in brokerage stocks led to the top of the non-bank financial gains, Guosheng Financial Holding (002670) rose by the limit, Jinlong shares (000712), Oriental Wealth (300059), Tianmao Group (000627), Hualin Securities (002945) and so on rose more than 5%.

The semiconductor sector continued to reverse, with GigaDevice (603986), National Technology (300077), Tianyue Advanced (688234) and other rising limits or rising by more than 10%, and Fuxin Technology (688662), Dawei Shares (002213), Juchen Shares (688123), Zhongwei Semiconductors (688380), Chengdu Huawei (688709), etc. rose more than 7%.

Auto stocks rose sharply, Chaoda Equipment (301186), Lingyun (600480), Tenglong (603158), Rongtai (605133), Changyuan Donggu (603950), Huafeng (002806) and other shares rose by more than 10%.

China Eastern Airlines (600115), Air China (601111), China Southern Airlines (600029) and other three major airlines all rose more than 5%, and China Express Airlines (002928) and Juneyao Airlines (603885) rose more than 4%.

Machinery and equipment set off a tide of daily limits, Hanwei Technology (300007), Intel Technology (301399), Aisky (300521), Jizhi shares (300553), Topstar (300607), robots (300024) and other nearly 40 shares rose or rose by more than 10%.

This week, the A-share market is expected to stop falling and stabilize

Recently, the latest forecast of Goldman Sachs, a foreign-funded institution, has swiped the screen. Goldman Sachs' latest research report predicts that the MSCI China Index and the CSI 300 Index will rise by about 20% by the end of 2025. Based on the considerable risk-return ratio, the agency recommends continuing to overweight A-shares and offshore Chinese stocks. Looking back, Goldman Sachs' 2025 China Market Outlook report predicts that the MSCI China Index and the CSI 300 Index will rise by 15% and 13% respectively in 2025.

In addition to Goldman Sachs, JPMorgan Chase, Bank of America, HSBC and others have also issued optimistic forecasts for Chinese assets. JPMorgan Chase & Co. believes in its latest report that China's stock market is expected to reverse around the end of January this year as Trump's China policy and China's response become clearer. Michael Hartnett, a well-known strategist at Bank of America, believes that the decline in U.S. stocks will force the Trump administration to make concessions on tariffs, and February or March will be a good time to start long U.S. bonds and China, the United Kingdom and emerging market stock markets. HSBC strategists pointed out in a recent report that the Hang Seng China Enterprises Index is expected to rise by 21% in 2025, and raised the year-end target of the index from 8610 points to 8800 points, and upgraded the Hong Kong stock market rating from "neutral" to "overweight".

The CITIC Securities research report pointed out that the policy increase is worth looking forward to, the spring restlessness is gradually approaching, and the A-share market is expected to stop falling and stabilize this week, and it is recommended to actively participate in the theme rotation. From the perspective of the general trend of A-shares, the trading loss indicator shows that the probability of the market stopping falling in the short term is high. From the perspective of the thematic environment, based on the thematic liquidity indicators and market style characteristics, the active theme is still expected to maintain a rotation state in the near future. From the perspective of key focus selection, combined with the market environment, recent catalysis, and liquidity indicators, it is recommended to pay attention to three themes: semiconductors, humanoid robots, and new consumption.

Huaxi Securities Research Report pointed out that since the New Year's Eve, the main indexes of A-shares have been adjusted, but some small and micro caps and technology-themed indices have rebounded at the bottom, showing that the closer A-shares are to the key gap below, the more the upward support of funds will be strengthened, and there may be an important buying point of the year around the Spring Festival. In terms of industry allocation, first, low interest rates and asset allocation are scarce, and high-dividend sectors are used as ballast stones; The second is to lay out the core assets of "new quality cattle" on dips, mainly including AI+, humanoid robots, low-altitude economy, etc.

Everbright Securities Research Report pointed out that after the macro-prudential adjustment parameters were raised, the short-term help to stabilize the RMB exchange rate. The central bank's stabilization of the exchange rate has boosted market confidence, and the liquidity of the capital market has been favorable. As the RMB exchange rate stabilizes, the trend of net outflow of cross-border funds is expected to ease, and at the same time, foreign capital may have certain net inflows, and the net inflow of funds provides incremental funds for related sectors and drives stock prices higher. In terms of direction, you can pay attention to large-cap stocks that are more favored by foreign investors, such as leading companies such as technology and consumer companies.

Before the Spring Festival, it may be the second time to buy a point. Fan Jituo, a strategic analyst at Cinda Securities, said that for residents, because there is a wave of general inflation in September 2024, residents' funds will return rapidly, but as the sideways shock time becomes longer, the inflow of incremental funds will slow down. The market pivot will need to form a joint force of residents and institutional funds, which is estimated to wait until after the Spring Festival. If the spring restlessness is only a seasonal game, the odds of winning in February are generally higher.

For the recent market adjustment, the Invesco Great Wall investment research team believes that on the one hand, the current economic internal vitality still needs to be improved, and the policy is in a window period, on the other hand, it is also related to the concern of external uncertainty, but since September 2024, the domestic policy has taken a positive turn, and the Politburo meeting has also made it clear that "unconventional counter-cyclical adjustment", if the external pressure is large, it means that the hedging of internal counter-cyclical adjustment may also exceed expectations. For A-shares, policy factors have a greater impact on risk appetite, and it is expected that the future macro policy and economic situation will still be in a state of repeated games, and there is no need to be too pessimistic about the market.