Bank of China Strategy released a Research Report indicating that a promising opening rally for non-banks is expected in the first week of the year. A-shares are about to enter the first week of trading in 2025. Since 2018, in the first week of the year trading, except for 2022, when the market was relatively weak due to rising expectations of tightening by the Federal Reserve and fluctuating expectations of domestic economic recovery, A-shares and the securities Sector both performed well overall. Recently, after a slight pullback in the market, expectations have stabilized and risk appetite has improved. During the year-end period, Institutions concentrated on adjusting their holdings, and under the improved trading sentiment at the start of the year, a promising "opening rally" in the first week of 2025 is expected. The A-share market is stabilizing, and with a rebound supported by the "opening rally," the market style is anticipated to align with the main lines for 2025, with Technology and high-end manufacturing expected to be the main focus for allocation in 2025. The non-bank Sector is also likely to benefit significantly from the "opening rally."
中银策略:A股开门红行情可期,聚焦非银及科技主线
Bank of China Strategy: A promising opening rally for A-shares is expected, focusing on the non-bank and Technology main lines.
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