Jufeng Review: Shanghai Composite Index falls below 4100 points, wind power continues to strengthen

Author | Ding Zhenyu, Editor | Liang Puxi Market Overview On Friday, A-shares rose and then fell back, with the Shanghai Composite Index dropping below 4100 points. In terms of sectors, wind power equipment, home appliances, agricultural chemical products, batteries, infrastructure, and tourism hotels saw the largest gains; small metals, oil and gas extraction, precious metals, power grid equipment, electricity, software development, and diversified finance experienced the largest declines. In terms of themes, phosphorus chemical, lithium mining concepts, low-carbon metallurgy, coal chemical, solid-state batteries, and equal rights for rental and sales saw the largest gains, while state-owned cloud concepts, East Data West Calculation, digital currency, Tencent Cloud, and cross-border payments experienced the largest declines. Hot Sectors Kitchen and bathroom appliances strengthened, with Sunrise Oriental and Wanhe Electric hitting the daily limit, while Mars and Vatti Holdings saw significant gains. Chemicals strengthened, with Nongda Technology, Chuanjin Nuo, and Fubon Technology rising over 10%, while Chitianhua, Chengxing Co., Jinzhengdai, Luhua Technology, Lutianhua, and Jinniu Chemical approached the daily limit. Brain-computer interfaces strengthened, with Sanbo Brain Science rising over 10%, while Innovation Medical, Beiyikang, Nanjing Panda, Yinkang Life, and Yanshan Technology surged. News The country initiates early release of national reserves of nitrogen, phosphorus, and compound fertilizers To ensure the concentrated fertilizer needs for agricultural production during the spring plowing period, relevant national departments have decided to organize the early release of the 2025/2026 national fertilizer commercial reserves (nitrogen, phosphorus, and compound fertilizers) starting today. They require relevant storage enterprises to sell nitrogen, phosphorus, and compound fertilizer reserves based on local demand to effectively meet the fertilizer needs for agricultural production in the task areas and promote orderly market transactions and price stability. At the beginning of the year, "blood replenishment" is busy; small and medium-sized banks see a wave of capital increase and share expansion According to incomplete statistics from reporters, since the beginning of this year, dozens of city commercial banks and rural commercial banks, including Hubei Bank, Guangzhou Bank, and Jiujiang Bank, have disclosed or completed new rounds of capital increase plans, with financing scales ranging from hundreds of millions to billions of yuan, all aimed at supplementing core tier-one capital to enhance risk resistance capabilities. The first invasive brain-computer interface medical device approved for market launch Recently, the National Medical Products Administration approved the registration application for the innovative product of the implanted brain-computer interface hand movement function compensation system by Boruikang Medical Technology (Shanghai) Co., Ltd., achieving the global first launch of brain-computer interface medical devices and marking the entry of the world's first implanted brain-computer interface medical device into the clinical application stage. Jufeng's Viewpoint On Friday, A-shares opened lower, with the Shanghai Composite Index opening down 0.28%, the Shenzhen Component Index down 0.51%, and the ChiNext Index down 0.63%. Oil and gas extraction, coal, wind power, gaming, and oil opened slightly higher. Precious metals, communication equipment, small metals, semiconductors, and military electronics opened lower. In terms of hotspots, international oil prices fluctuated significantly, with Brent crude futures rising above $100 in early trading, and domestic chemical futures rising sharply. The chemical, pesticide, and chemical raw materials sectors continued their recent strength, rising significantly. Steel, coal, real estate, tourism hotels, liquor, home appliances, lithium batteries, wind power, nuclear power, and photovoltaics rose, pushing the stock index into the green. Computing power, electricity, military industry, and power grid equipment sectors saw a decline As the lunch break approaches, sectors such as semiconductors and coal have retreated, causing the stock index to decline. In the afternoon, sectors including tourism and hotels, home appliances, coal, chemicals, and electricity have also fallen back, while the declines in non-ferrous metals and cloud computing have deepened; sectors like PCB concepts, electronic gases, and brain-computer interfaces are active, with the stock index fluctuating downwards, and the Shanghai Composite Index falling below 4,100 points, with over 3,800 stocks declining across the two markets. From the current trend, the market has shown significant differentiation, with resource stocks and technology stocks exhibiting a clear seesaw effect. Currently, external black swan events have not yet subsided, and the A-share market is expected to remain volatile. Investors may focus on low-buying opportunities after corrections in previously popular industry leaders. From a long-term perspective, Jufeng Investment Advisory believes that under policy stimulus, the A-share market and the economy are expected to synchronize in showing an upward turning point. In terms of specific investment directions, it is recommended to pay attention to incremental opportunities in sectors with sustained high prosperity such as semiconductors, consumer electronics, artificial intelligence, robotics, and commercial aerospace; for investors with lower risk tolerance, it is advisable to consider broad-based funds like the CSI A500 ETF and the CSI 300 ETF on dips. Author: Ding Zhenyu Professional Certificate: A0680613040001