Guangda Securities: The market is expected to fluctuate upwards, pay attention to the growth and consumer sectors.

Guangda Securities pointed out that historically, the A-share market has experienced a "spring frenzy" rally almost every year. The strong market rally on Wednesday may indicate that the New Year rally for 2026 has begun. On one hand, policies are expected to continue to strengthen, economic growth is likely to remain in a reasonable range, further solidifying the foundation for the prosperity and development of the capital market. On the other hand, the release of policy dividends is expected to boost market confidence and further attract various funds to actively flow in. With policies expected to continue to strengthen and various funds expected to flow in actively, the market is expected to fluctuate and trend upward. In terms of industry allocation, combining past patterns with the current market environment, attention should be paid to the growth and consumption sectors. For the growth sector, historically during the "spring frenzy" period, the TMT and advanced manufacturing sectors have shown relatively greater resilience; in addition to the growth directions worth focusing on in previous years, the consumption sector is also worth paying attention to in this round of market rallies. On one hand, the current policies place a high level of importance on the consumption sector, and the consumption sector is expected to continue to receive policy stimulus. On the other hand, the consumption sector has been relatively stagnant this year, and may attract the favor of some "cash on the sidelines" funds.