A-shares opening express | A-shares collectively open higher, with the Shanghai Composite Index rising by 0.2%. Precious metals, optoelectronics, and other sectors are strong.

On May 7th, the three major stock indexes of A-shares opened higher, with the Shanghai Composite Index up 0.2% and the ChiNext Index up 0.79%. On the market, the precious metals, optical communications, and computing power industry sectors led the gains, while the oil and gas extraction, coal, and chemical industry sectors were among the top losers. Institutional outlook: Huajin Securities: May is expected to be volatile but biased towards strength, with small and medium-cap growth stocks in a favorable position. They believe that the risks of concern during the holiday period have not materialized, and A-shares may continue to show a volatile but strong trend after the holiday. In May, policies may still be biased towards positivity, external risks may ease, economic and profit fundamentals may continue to improve, and liquidity may remain loose. They recommend continuing to allocate to technology growth stocks and select cyclical and consumer industries on dips. Guotai Haitong: The Chinese stock market is expected to reach new highs, and the breadth of the market will further expand. They believe that the Chinese stock market is poised to reach new highs, with the market breadth expanding. They highlight factors such as positive PMI data, political meetings mentioning the capital market, and strong performance of industries like AI computing power and military industry. They predict that the post-earnings season market will see significant breadth expansion. Industry comparison: Emerging technology is the main theme, but value stocks may also see opportunities. They recommend investing in technology manufacturing, energy transformation, domestic consumption value, and stable sectors like finance. They highlight the opportunities in AI-related industries, equipment companies benefiting from energy transformation, and sectors like construction materials, urban renewal, and banking. Huaan: Market analysis and investment opportunities in May for A-shares. Looking ahead to May, external disturbances continue to fade, domestic conditions are favorable, risk appetite is improving, and the market is expected to continue its volatile upward trend. They emphasize the importance of closely following the current industry trends and recommend focusing on the AI industry chain and sectors with rising prices. They suggest two investment themes: embracing the AI industry chain, especially focusing on computing power, and prioritizing sectors with strong alpha effects such as energy storage, machinery, and semiconductor equipment.