2 1 Shi Ji Jing Ji Bao Dao·2025-08-18 10:57Market Overview - On August 18, the A-share market reached a historic moment with the Shanghai Composite Index opening high and breaking the previous high of 3731.69 points from February 2021, peaking at 3745.94 points, the highest in nearly ten years since August 2015 [2] - The Shanghai Composite Index closed at 3728.03 points, up 0.85% [2] - The total market capitalization of A-share companies exceeded 100 trillion yuan for the first time, marking a historical milestone [2] Trading Activity - The North Star 50 Index rose over 4%, setting a new historical high [2] - The total trading volume in the Shanghai and Shenzhen markets reached 2.76 trillion yuan, an increase of 519.6 billion yuan compared to the previous trading day, marking a new high for the year [2] - A total of 358 stocks in the A-share market have seen their prices double this year, excluding newly listed stocks [3] Sector Performance - The mechanical equipment and pharmaceutical biotechnology sectors contributed significantly to the doubling stocks, each having over 50 stocks that doubled in price [3] - The automotive sector followed with 29 doubling stocks, while the computer, defense military, and light manufacturing sectors each had over 10 doubling stocks [3] Economic Insights - The current market rally began at the start of the year, driven by China's push for technological innovation, with advancements in AI models, innovative drugs, and digital transformation increasing the attractiveness of Chinese assets to global investors [3] - Economic recovery is supported by supply-side reforms, including the rectification of "involution" competition, which has improved nominal GDP and corporate profit expectations [3] Notable Stocks - The stock with the highest increase this year is Shangwei New Materials (603556.SH), with a staggering rise of 1368.35%, becoming the only "tenfold stock" this year, linked to the robotics concept [3] - Other notable stocks include Shuyou Shen (300204.SZ) and Changcheng Military Industry (601606.SH), both with increases exceeding 400%, reflecting market interest in the biopharmaceutical, defense military, and electronics sectors [3]