Guangda Securities: A-shares are expected to continue to rise after the holiday, focusing on the TMT sector.

Guangda Securities research report believes that the A-share market is expected to continue to rise after the holiday. Historically, after the National Day holiday, as market trading activity heats up, the market usually performs well. For this round of market trends, the logic supporting the rise of the stock market has not changed, and market valuation is currently more reasonable, without clear signs of being overbought. It is expected that the market will likely return to an upward trend after the holiday. In terms of allocation, it is recommended to focus on the TMT sector. In a liquidity-driven market, TMT is more likely to become the main theme in the medium term, and this round of market trends may follow suit. The TMT sector currently has many catalysts, such as ongoing industry trends, the start of the Federal Reserve interest rate cuts cycle, and its own upward momentum. In view of the recent sector rotation, TMT has already taken a lead, and this trend may continue in the future.