[Global Network Finance Comprehensive Report] Recently, under the repeated disturbances of external geopolitical factors, the A-share market has experienced significant fluctuations throughout the week, with major indices continuing their adjustment trend, but the decline has shown signs of narrowing compared to previous periods.
Galaxy Securities recently released a research report stating that there remains considerable uncertainty regarding the evolution of geopolitical conflicts, and the suppression of global risk assets is unlikely to dissipate in the short term. Before the conflict trends become clear, coupled with the tightening environment of global liquidity brought about by rising inflation expectations, the global equity market is likely to continue exhibiting high volatility, with the A-share market primarily undergoing oscillatory digestion.
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OcTXXuWBig9dF9Cyd5vpxmaRTE4upTrmMvp752hPY99WYAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OcTXXuWBig9dF9Cyd5vpxmaRTE4upTrmMvp752hPY99WYAA/641"/>
However, Galaxy Securities also pointed out that under external uncertainties, domestic certainty advantages are becoming prominent, effectively supporting the resilience of the A-share market. In the first year of the 14th Five-Year Plan, reform measures are steadily being implemented, and policies are safeguarding the stable and healthy development of the capital market, resonating with the entry of long-term funds, which improves the supply of medium- and long-term funds with certainty.
In particular, the certainty of domestic manufacturing advantages is highlighted, with a complete industrial chain system and continuously upgraded competitive advantages, establishing an endogenous foundation to cope with external fluctuations. Galaxy Securities believes that the main lines of energy security, self-control, and industrial upgrading are clear, possessing stronger defensive attributes and cost-effectiveness for allocation; as annual reports and quarterly reports are concentratedly disclosed, sectors with high performance certainty and continuously improving prosperity will become the core focus of funds.
Specifically regarding investment directions, Galaxy Securities recommends paying attention to three areas, including the impact of geopolitical conflict trends driving stronger energy and alternative demand, boosting industries such as coal, coal chemical, new energy, shipping ports, and oil and gas, as well as defensive assets like finance (banks), public utilities, and transportation, along with the logic of technological innovation, self-control, and industrial trend certainty. In the medium to long term, the technology sector's industrial drive and the cyclical sector's price increase clues are still favored as dual main lines

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Recently, the A-share market has experienced significant fluctuations due to external geopolitical factors, with major indices adjusting, but the decline has narrowed. A research report from Galaxy Securities points out that the uncertainty of geopolitical conflicts will continue to affect global risk assets and is unlikely to dissipate in the short term. Nevertheless, the domestic certainty advantage is becoming apparent, supporting the resilience of A-shares. It is recommended to pay attention to investment opportunities in sectors such as energy, finance, public utilities, and technological innovation, especially in sectors with high performance certainty

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