Bei Jing Shang Bao·2025-08-22 09:21Market Performance - On August 22, A-shares experienced a significant rally, with the Shanghai Composite Index breaking through 3800 points, closing up 1.45% at 3825.76 points, marking a ten-year high [2][3] - The ChiNext Index and Shenzhen Component Index also saw gains of 3.36% and 2.07%, closing at 2682.55 points and 12166.06 points respectively [2] Trading Activity - The trading atmosphere was vibrant, with total trading volume exceeding 2 trillion yuan, reaching 2.58 trillion yuan, marking the eighth consecutive trading day above this threshold [2][3] - The Shanghai Stock Exchange recorded a trading volume of 10,950.91 billion yuan, while the Shenzhen Stock Exchange reached 14,516.18 billion yuan [3] Sector Performance - The STAR 50 Index surged by 8.59%, with key stocks like Cambricon Technologies hitting the daily limit, closing at 1243.2 yuan per share, and achieving a total market capitalization of 5201 billion yuan [3][4] - Sectors such as AI chips, high-bandwidth memory, semiconductors, and storage chips showed strong performance, contributing to the overall market rally [3] Investor Sentiment - The continuous high trading volumes indicate a strong recovery in investor confidence, as noted by the chief economist of Qianhai Kaiyuan Fund, Yang Delong [3][4] - The current market trend is expected to follow a slow and steady growth pattern over the next 2-3 years, contrasting with the rapid growth seen in the 2015 bull market [4] Individual Stock Performance - Among individual stocks, Dongfang Caifu led in trading volume with 24.97 billion yuan, followed by SMIC with 20.32 billion yuan, with several other stocks also exceeding 10 billion yuan in trading volume [5] - A total of 2803 stocks rose, with 79 hitting the daily limit, while 2396 stocks declined, indicating a generally positive market sentiment despite some losses [5]