On Wednesday, the index surged with increased volume, stabilizing above 4000 points, and the expectation is for continued upward movement. Analyzing the upward structure, institutional trend styles dominate, with non-ferrous metals and new energy as the main forces. Technology opened high but has seen some profit-taking, with only a few branches returning. Subjectively, I believe the technology sector is entering its final phase, and in November, we can still look at the leading PCB upstream materials like needle felt. As we approach the end of the year, we should avoid AI hardware. The Shanghai Composite Index is expected to rise in November, so we should pay attention to the wave opportunities in non-ferrous metals, focusing on aluminum and copper, with a core emphasis on Nanshan Aluminum and Jiangxi Copper, which will present a wave opportunity.
In terms of themes, the disclosure period for the third-quarter reports will soon pass, leading into a five-month performance vacuum period. This is a golden period for thematic speculation, so we should pay attention to topics related to the 14th Five-Year Plan that have industrial trends, such as quantum technology and controllable nuclear fusion, with key players being Keda Technology and China Nuclear Engineering. Robotics remains a sector I continue to favor for left-side positioning, as there will be no shortage of industry news catalysts, focusing on core companies like Sanhua Intelligent Control and the second-tier Xinquan Co., Ltd.