兴业证券：TMT成交占比到什么位置了？

Core Insights - As of August 28, TMT transaction share stands at 40.8%, with the highest levels for Deepseek and ChatGPT at 46.5% and 50.24% respectively in 2023 [1][4] Group 1: TMT Market Performance - The current TMT transaction share is 40.8%, with the highest recorded for Deepseek at 46.5% and ChatGPT at 50.24% in 2023 [1] - The adjusted metric of transaction share to free float market cap ratio is currently at 1.57, compared to 1.93 for Deepseek and 2.44 for ChatGPT earlier this year [4] Group 2: Electronics and Communication Sector - The transaction share for the electronics and communication sectors is currently at 25.6%, reaching the highest level since the beginning of 2023 [7] - The adjusted transaction share to free float market cap ratio for these sectors is at 1.49, which is not extreme compared to past peaks above 1.7 [7] Group 3: Market Concentration - The concentration of the top 20% stocks by transaction volume in the communication sector is at 70%, while in the electronics sector it is at 68%, indicating a recent increase but not reaching historical extremes [10]