CITIC Securities: After the holiday, A-shares are expected to enter a new round of upward movement, adhering to the dual main lines of "Technology + Resources"

CITIC Securities Research reports suggest that during the Spring Festival period, global stock markets remained generally strong with no major risk events. Currently, market sentiment remains high, and after the holiday, A-shares are expected to enter a new upward cycle. In terms of industry allocation, the strategy continues to focus on the dual main lines of “technology + resource commodities.” The technology main line centers on AI, humanoid robots, new energy, and innovative drugs, while the resource commodities main line focuses on precious metals, oil and petrochemicals, and basic chemicals. Key sectors to watch include semiconductors, AI (optical communication, liquid cooling, electronic fabrics, high-end copper foil, etc.), machinery, non-ferrous metals, oil and petrochemicals, basic chemicals, power equipment (energy storage, UHV, photovoltaics, solid-state batteries, etc.), and innovative drugs.