Today, the three major indices showed little presence, all declining slightly, except for the Beijing Composite 50 which had some interest, rising against the trend. This is a typical "light index, heavy individual stocks" rhythm—indices remain calm, while real opportunities are brewing in individual stocks and sectors.

The combined trading volume of the two markets exceeded 2.8 trillion yuan, marking the fourth consecutive day surpassing 2.5 trillion yuan, indicating strong market enthusiasm. Where is the capital flowing? The hottest sectors are technology growth and thematic sectors—hard tech fields like commercial aerospace, brain-computer interfaces, and controlled nuclear fusion are frequently in the spotlight, with semiconductor and AI application sectors also showing impressive performance. Ultimately, policy expectations and news are still the main drivers.

However, it’s important to note that sectors that previously surged too much are now under correction pressure. Coupled with shareholder reductions and large unlockings of shares, the chip holdings are starting to loosen, so extra caution is needed.

For trading strategies: in the short term, focus on those niche sectors supported by policies, with strong growth prospects—when entering, adopt a "light position, select the best" approach. Avoid chasing high-flying thematic stocks; instead, follow the sector rotation rhythm and carefully control position risks.

Look at two specific directions—one is the leading chemical companies, which recently saw a significant net capital inflow of 105 million yuan (accounting for 42.39% of the turnover), with stock prices hitting the daily limit. The company plans to invest 2.975 billion yuan in a waste salt comprehensive utilization project, aiming to build a circular economy industry chain, very aligned with dual-carbon goals. In the third quarter of 2025, net profit reached 613 million yuan, a year-on-year increase of 1.02%, with steady growth. Under the "anti-involution" policy, the chemical sector’s supply-demand pattern continues to optimize, and the prosperity cycle has already begun to rise.

Another is a company specializing in distributed audiovisual systems, a leader in this field domestically. Their fiber optic KVMS solutions have been applied to major national projects like China’s manned spaceflight, lunar exploration, and Mars rover missions, establishing technical barriers and brand advantages in high-difficulty scenarios like aerospace. With the advancement of the space power strategy and increased investment in new infrastructure, these companies are well-positioned to benefit from the industry’s rising prosperity and enter a new growth cycle.