BBMG (2009.HK): Bottoming out with fluctuations, driven by infrastructure policies, main players cautiously buying on dips

On February 3rd, BBMG consolidated at a low for the entire day, with signs of bottoming gradually strengthening under policy-driven conditions. The real estate and infrastructure sectors rotated, with main players showing a rising willingness to buy on dips, but overall operations remained cautious, and the momentum for chasing gains was weak. Recently, the "infrastructure expansion" and local financing policies have been implemented, leading to a warming industry atmosphere. During the trading session, there was a slight increase in volume testing the upper edge of the oscillation platform, but it faced pressure and fell back, with a dominant wait-and-see sentiment. On the technical side, there was a preliminary repair, but intraday rebounds faced repeated resistance, and high-level pressure was evident. The rotation rhythm is fast, with limited short-term capital entering the market, mainly consolidating around the 20-day moving average, highlighting the psychological game between main players and the market. It is recommended to focus on risk management and dynamically track policy and capital movements