沪指突破3674.4点！创2021年末以来新高

Market Performance - A-shares opened high on August 13, with the Shanghai Composite Index surpassing the previous high of 3674.4 points set on October 8, 2024, marking the highest level since December 13, 2021, with a year-to-date increase of over 9% [1] - As of August 13, the Shanghai Composite Index reached 3678.52 points, with a trading volume of 166.26 billion and a market capitalization PE ratio of 15.8 [2] Economic Signals - On September 24, 2024, the State Council Information Office released signals aimed at stabilizing the economy and market expectations, leading to a significant improvement in investor risk appetite [3] - The Shanghai Composite Index rose from 2750 points to 3674.4 points over six trading days from September 24 to October 8, 2024 [3] Market Trends - Over 2500 stocks declined while less than 2400 stocks rose, indicating a mixed performance in individual stocks despite the overall market rally [3] - According to Zheshang Securities, the A-share market is currently in a "systematic slow bull" phase, driven by improved risk appetite and declining risk-free interest rates [3] Investment Recommendations - Zheshang Securities suggests focusing on "big finance + broad technology" with a "1+X" allocation strategy to enhance success rates, while also considering low-position real estate and engineering machinery to improve returns [4] - In the context of a "slow bull" market and China's rise, it is recommended to pay attention to innovative pharmaceuticals and new energy sectors that have external advantages and improving prosperity, as well as banks that serve as defensive anchors [4]