CITIC Securities: A-shares welcome a recovery market and focus on layout around thriving industries.

Citibank Jiandu Securities research report points out that this week A-shares ushered in a repairing market, which is due to the simultaneous improvement of market risk appetite, liquidity, and fundamentals. Looking ahead, although the pace of increase may slow down, the market is expected to continue to show an upward trend in the short term. In the medium term, attention should be paid to external risks brought about by high oil prices. In April this year, the market will return to fundamentals again, and it is recommended to focus on the first quarter report and capture the prosperity of industries. Industry allocation revolves around three directions: high prosperity of the first quarter report, marginal improvement of fundamentals, benefits from policies + allocation at low levels + prosperous season. Key sectors to focus on include: resources, AI, lithium batteries, oil transportation, chemical raw materials, securities, coal, general equipment, infrastructure construction, and service consumption.