华金证券:十月慢牛趋势不变 科技等成长占优的风格难改

华金证券
Oct 12, 2025

投资要点复盘历史,10月A股表现偏震荡,主要受政策和外部事件、流动性、基本面等因素影响。(1)10月A股市场表现偏震荡:2010年以来的15年中有8次上证综指10月上涨。(2)政策和外部事件、流动性、基本面等是影响A股10月走势的主要因素。一是政策和外部事件是核心影响因素:首先,若政策和外部事件偏积极,则A股可能上涨,其中2010、2015、2020年等“五年规划”落地的年份上证综指在10月均上涨...

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