4.3 Review and Final Assessment

【Market Sentiment】
Limit-up streak height: 6-board↑, 36 stocks hitting the limit-up↑, 24 stocks hitting the limit-down↑
Limit-up conversion rate:    72%↑
Total volume energy:    166.91 billion yuan, down-volume 1.67T yuan
Index strength/weakness: -1.00%, 716 stocks up↓, 4,746 stocks down↑
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【Core Themes】【Strong Stocks】
（1）Innovative drugs  4
Single-price limit: None
Natural trend: Tianjin Pharmaceutical 6 boards, Chongqing Pharmaceutical 2 boards, China Medical System, Lema Pharmaceutical 20cm 1 board
（2）Optical communications  11
Single-price limit: Huiyuan Communication 2 boards
Natural trend: Xinneng Taishan 2 boards, Tongyu Communications, Huashengchang, Yitian Shares 20cm, Deckol 20cm, Fuking Technology, China Tin Electronics, Weiting Electric, Shijia Technology, Far East Shares 1 board
（3）Compute power AI  5
Single-price limit: None
Natural trend: Wangda Software, Sitq 20cm, Zhizhen Technology, Sinan Ke, Yunse Zhilian 1 board
（4）Limit-down  24
Electric power: 7, high-speed rail: 2, chemical pharmaceuticals: 5, chemical industry: 2, others: 8
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【Data Analysis】【Market Thoughts】
Based on the data above: the 6-board limit-up streak height; the market shrank in volume and sold off heavily, with the number of limit-down stocks exceeding a two-digit number;
The innovative drugs theme only has a few limit-up stocks left; optical communications and compute power themes are fermenting;

Here you can see that the news stimulus opened with cross-border payments in RMB by opening a single-price limit, but everything was blown out and limit-up failed; the high-standard Tianjin Pharmaceutical top with strong volume, but the divergence remains—volume and energy are still insufficient. The market is flocking to optical communications represented by Xinneng Taishan. Near the close, funds took positions in compute power first with Yunse Zhilian.

Tomorrow, as the external environment eases, technology themes may turn into the main line as the market’s focus becomes a group; pharmaceuticals will need further divergence-to-consensus to hold, and only with added factors such as earnings explosions will it be possible. The cutoff in Xinghui Environmental Materials’ board also shows that the risk of holding high positions as a group is intensifying. With the introduction of new quantitative rules, market volume and energy may remain at 1 trillion yuan+ for the long term, and pushing it to 2–4 trillion yuan of volume and energy may be relatively difficult. Focus on the performance of optical communications technology themes.