Under the continuous disturbance of geopolitical issues, as we enter the trading period in April, which sectors and stocks are favored by major brokerages for A-shares?
Overall, in terms of industries, the sectors with the highest weight in April's top stocks are power equipment and basic chemicals. In terms of relative changes, telecommunications is the industry with the most increased allocation in April's top stocks. Electronics, on the other hand, has seen a significant decrease in weight among the brokerages' top stocks for April.
In terms of individual stocks, data from Kaiyuan Securities' research report shows that after deduplication of the top stocks released by 36 brokerages across the market, Zhongji Innolight (300308) has the highest popularity.
Telecommunications leads in increased allocation, possibly shifting to value style
In terms of industries, Guosen Securities' research report points out that after deduplication of the brokerage top stock pool, the brokerages' top stocks for April 2026 have a high allocation in basic chemicals, electronics, non-ferrous metals, machinery, and telecommunications.
According to the statistical results from Kaiyuan Securities' research report, the industry with the highest weight among the brokerages' top stocks in April is power equipment, accounting for as much as 11.8%; non-ferrous metals follows closely with a share of 9.1%; telecommunications and electronics rank next, accounting for 7.3% and 6.3%, respectively.
Regarding the increase and decrease in industry weights, data from multiple brokerage research reports indicate that telecommunications is the sector with a noticeable increase in weight among the brokerages' top stocks for April.
Guosen Securities data shows that compared to March 2026, the industries with the most significant increases in the brokerages' top stocks for April this year are telecommunications, banking, and transportation, with increases of 2.76%, 1.79%, and 1.26%, respectively.
Kaiyuan Securities' research report indicates that in terms of relative changes, the brokerages' top stocks in April have seen increased allocations in power equipment, telecommunications, and public utilities, with increases of 4.9%, 2.4%, and 2.3%, respectively.
In terms of decreases, both Guosen Securities and Kaiyuan Securities data show that the brokerages' top stocks have reduced allocations in the electronics industry.
Data from Kaiyuan Securities shows that the industries with the most significant reductions in weight among the top stocks for April are electronics, light industry manufacturing, and pharmaceuticals, with reductions of 6.7%, 1.6%, and 1.3%, respectively. Guosen Securities data shows reductions in electronics, petroleum and petrochemicals, and computers of 4.70%, 1.76%, and 1.47%, respectively.
&#34;The market value level of the brokerages' top stocks in April has risen, while the valuation level has decreased, which may indicate a shift towards a value style for the brokerages' top stocks in April,&#34; says Kaiyuan Securities.
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Zhongji Innolight has the highest popularity
At the individual stock level, data from Kaiyuan Securities shows that among the top stocks recommended by various brokerages for April 2026, Zhongji Innolight (300308) was recommended the most, with a total of 8 recommendations.
Contemporary Amperex Technology Co., Limited (300750) follows closely with a total of 7 recommendations; Zijin Mining (601899) and Anjoy Foods (603345) were recommended 6 times each
China National Offshore Oil Corporation (600938), BYD (002594), etc., were recommended a total of 5 times; Yanzhou Coal Mining Company (600188), China Merchants Energy Shipping Company (601872), Satellite Chemical (002648), WuXi AppTec (603259), etc., were recommended 4 times each.
Ganfeng Lithium (002460), China Jushi (600176), Hongdu Aviation (600316), Ningbo Bank (002142), etc., were recommended 3 times each; Jereh Group (002353) was recommended 2 times.
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In the new recommended stocks for April (compared to the new recommended stocks list from March 2026), Keda Industrial (002850) was recommended the most, with a total of 4 recommendations.
Midea Group (000333), Haitian Flavoring and Food (603288), Neway Valve (300502), China Pacific Insurance (601601), Jin Jiang International Hotels (600754), Hangzhou Bank (600926), Chifeng Gold (600988), Baofeng Energy (600989), etc., were recommended 3 times each.
Dekor (688205), China Petroleum (601857), Tianshun Wind Energy (002531), China Shenhua Energy (601088), Huafeng Measurement and Control (688200), New Chemical Materials (300037), etc., were recommended 2 times each.
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In terms of popular industries, the hottest stock in the power equipment sector is CATL, which was recommended a total of 7 times. In the non-ferrous metals sector, Zijin Mining was recommended 6 times. The hottest in the communications sector is Zhongji Innolight, which was recommended 8 times.
In the electronics sector, Jiangfeng Electronics, Farah Electronics, Zhaoyi Innovation, Huafeng Measurement and Control, etc., were each recommended 2 times; in the basic chemicals sector, Satellite Chemical was recommended 4 times.
In other popular industries, the food and beverage sector saw Anjijia Food being recommended the most, the machinery equipment sector had Jereh Group and Kaige Precision Machinery tied for the highest heat, the pharmaceutical and biotechnology sector had WuXi AppTec with the most recommendations, and in the automotive sector, BYD ranked first in recommendations.
In the transportation sector, China Merchants Energy Shipping Company received the most attention, in the coal sector, Yanzhou Coal Mining Company had the highest heat, and in the public utilities sector, Fuling Power was recommended the most.
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Market participants say that in the stock pools of brokerage firms' gold stocks, if the market's attention is relatively low in the early stages, the attention will significantly increase as brokerage analysts recommend them as gold stocks. Based on this, one can identify brokerage gold stocks that received relatively little market attention earlier.
&#34;To some extent, most brokerage firms' top ten gold stocks disclosed at the beginning of each month reflect analysts' consensus expectations. At the same time, brokerage gold stocks also incorporate the forward-looking nature of quantitative analysis systems absorbing fundamental research.&#34; However, a chief analyst of financial engineering at a brokerage firm in Shanghai further pointed out, &#34;As the market's attention to brokerage gold stocks increases, investors still need to further optimize the selection of brokerage gold stocks to achieve more excess returns within the brokerage gold stock portfolio.&#34;

300308

In April's top stocks from brokerages, the highest proportions were in power equipment and basic chemicals, with the communication sector seeing the most significant increase in allocation. Zhongji Innolight (300308) had the highest popularity. Overall, brokerages have clearly increased allocations in industries such as communication, banking, and transportation, while the weight of the electronics industry has decreased. In April, the market capitalization level of the top stocks rose, while the valuation level declined, indicating a trend towards a value style

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Zhongji Innolight

Brokerage firms' April golden stocks are out: Increased allocation in the telecommunications sector ranks first, Zhongji Innolight has the highest popularity