居民增量资金入市成“慢牛”行情重要驱动

Group 1 - The Shanghai Composite Index (沪指) broke through the previous high of 3674 points from the "9·24" market after 210 trading days, reaching a new high of 3688.63 points, the highest since December 13, 2021 [1] - The market showed strong performance with a total trading volume of 2.18 trillion yuan, an increase of 2699.99 billion yuan compared to the previous trading day, and over 2700 stocks rose [1] - Various sectors performed well, particularly AI hardware stocks and non-ferrous metal stocks, with companies like Industrial Fulian and Zijin Mining hitting historical highs [1] Group 2 - Huaxi Securities expressed optimism about the market's strong performance, citing multiple sources of incremental capital, including insurance, pension funds, public and private equity funds, and individual investors [1] - The margin trading balance has reached a ten-year high, indicating a rising risk appetite among individual investors, which is expected to drive the current "slow bull" market [1] - Zheshang Securities noted that the market has entered a "systematic slow bull" phase, with the long-term target for the Shanghai Composite Index likely exceeding the previous resistance level of 3674 points [2]