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On the sector front, diversified finance, aerospace equipment, PEEK materials, and wind power equipment led the gains, while energy metals, agricultural chemicals, general retail, and precious metals lagged behind.
Wind's real-time monitoring data showed that the defense and military sector attracted over 8.1 billion yuan in main capital inflows, followed by electronics with over 7.4 billion yuan, machinery equipment with over 5.1 billion yuan, and computers with over 4.8 billion yuan. The automotive, banking, and basic chemical sectors each recorded net inflows exceeding 2 billion yuan. In contrast, non-ferrous metals and power equipment saw net outflows of over 4 billion yuan, while utilities and food & beverage also experienced outflows surpassing 2 billion yuan.
Looking ahead to the market outlook, Haitong International pointed out that in the 2025 year-end closing session, A-shares may attempt to move upward again, but further upside will face pressure from annual highs. Before there is a significant increase in trading volume, a direct breakthrough will be difficult, and the weekly trend may show a pattern of rising and then pulling back, continuing to accumulate momentum for the spring market. In terms of sector allocation, it still recommends focusing on domestic demand consumption and non-bank financial sectors with defensive properties at low levels; if the market pulls back, it could serve as a window to deploy in the technology sector, with a key focus on domestic computing power directions supported by policies.
China International Capital Corporation (CICC) believes that the A-share market style in 2026 may tend to be more balanced, with the dividend style having high certainty but still leaning towards structural and phased opportunities. Currently, domestic long-term interest rates have fallen to historically low levels and shifted to a volatile trend, with market risk appetite significantly improved. The denominator-side factors supporting the dividend style have been relatively fully reflected, and the numerator-side logic will be the focus of stock selection for high-dividend strategies in the future. Listed companies that enhance dividend payouts to increase dividend yields or maintain dividend scales, releasing stable dividend expectations, will highlight investment attractiveness.
In terms of market hotspots, diversified finance concept stocks strengthened today. The sector index opened higher in the morning and further surged in the afternoon to a new high in one and a half months. Cuvee Co., Ltd. spiked straight to the daily limit in the afternoon, while Yuexiu Capital sealed the limit-up near the close. Lakala and Nanhua Futures were among the top gainers.
Digital currency and cross-border payment sectors also saw a volume-driven surge in the afternoon. Yuyin Co., Ltd. rocketed to the daily limit just about 4 minutes after the market opened, while Hengbao Co., Ltd. (rights protection), Sifang Jingchuang, and Huafeng Super Fiber also showed abnormal upward movements in the afternoon.
On the news front, the People's Bank of China (PBOC) issued the "Action Plan on Further Strengthening the Digital RMB Management Service System and Related Financial Infrastructure Construction". The new-generation digital RMB measurement framework, management system, operation mechanism, and ecosystem will be officially launched and implemented on January 1, 2026.
China Securities Co., Ltd. (CSC Financial) pointed out that the consumer finance industry is currently in a period driven by both policy dividends and technological dividends. Against the backdrop of stable regulatory logic, clear consumption promotion orientation, and efficiency improvement through AI technology, the industry has achieved a resonance of volume, price, and quality recovery. Leading consumer finance companies have built core advantages through technological depth and refined operations, with continuous release of performance elasticity, driving the prosperity of the entire diversified finance sector.
Aerospace concept stocks continued their strong performance, with the sector index surging nearly 5% to a new all-time high. China Spacesat Co.,Ltd. (600118) sealed the daily limit in the last less than 10 minutes before the close, marking the fourth consecutive day of limit-up, with its stock price hitting a record high. So far this year, it has soared by over 222%, with a market capitalization exceeding 100 billion yuan. Aerospace Huanyu also surged 20% to the daily limit near the close, with its stock price also reaching a new historical high. Over 20 stocks, including Haige Communications and Aerospace Development, hit the daily limit or rose by more than 10%.
Last weekend, the Shanghai Stock Exchange (SSE) released the "Guidance No. 9 on the Application of Issuance and Listing Review Rules - Commercial Rocket Enterprises Applying the Fifth Set of Listing Standards on the STAR Market", supporting commercial rocket enterprises in the critical period of large-scale commercialization to list on the STAR Market using the fifth set of listing standards.
According to Wind statistics, as of now, at least five rocket enterprises - Landspace, CAS Space, Tianbing Technology, Galactic Energy, and i-Space - are in the IPO process.
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