两融连增9周，加仓这些行业

Group 1 - The core viewpoint of the article highlights that the A-share market is experiencing a strong performance, with the margin trading balance reaching a high level, indicating increased investor confidence and activity in the market [1][5][6] - As of August 21, the A-share margin trading balance reached 21,467.95 billion yuan, with the financing balance at 21,319.52 billion yuan, marking a significant increase over the past weeks [2][5] - The margin trading balance has surpassed 20 trillion yuan for the first time since July 2015, reflecting a profound change in the market ecosystem compared to ten years ago [1][5] Group 2 - From August 18 to August 21, 30 out of 31 industries saw an increase in financing balance, with the electronics, computer, and communication sectors leading in net buying amounts of 23.30 billion yuan, 11.63 billion yuan, and 7.62 billion yuan respectively [2][3] - The coal industry was the only sector to experience net selling, amounting to 0.20 billion yuan [2] - The continuous inflow of funds into the electronics sector over five weeks has contributed to its price increase, although there are concerns about high capital congestion [2][5] Group 3 - Individual stocks that received significant attention from margin traders included SMIC, Cambrian, and Zhongji Xuchuang, with the top five stocks seeing net purchases of 1.87 billion yuan, 1.73 billion yuan, and 1.56 billion yuan respectively [4] - The majority of the top ten stocks that received increased margin purchases experienced price increases, with Cambrian rising by 34.59% and Zhongji Xuchuang by 17.16% [4] Group 4 - Analysts believe that the current market structure is more optimized and trading behavior is more mature compared to ten years ago, with a more stable inflow of funds and a preference for emerging industries and growth styles [5][6] - The return of the margin trading balance to over 20 trillion yuan is driven by improved policy expectations and a rebound in market risk appetite, with significant capital flowing into information technology, industrial, and materials sectors [5][6]