果然财经｜三大指数探底回升，寒武纪登顶A股新“股王”

Market Overview - The A-share market exhibited a "bottoming rebound" pattern on August 28, with all three major indices closing higher. The Shanghai Composite Index rose by 1.14% to 3843.6 points, the Shenzhen Component increased by 2.25% to 12571.37 points, and the ChiNext Index surged by 3.82% to 2827.17 points. The STAR Market 50 Index saw a significant increase of 7.23%, closing at 1364.6 points, marking a three-year high and leading the day's index performance [1]. Market Activity - In terms of market activity, a total of 2867 stocks rose while 2400 declined, indicating a trend of more stocks rising than falling. The total trading volume for the day reached 29,708 billion yuan, a decrease of 1,947 billion yuan from the previous trading day. The Shanghai market accounted for 12,652 billion yuan (down 616 billion yuan), while the Shenzhen market had a turnover of 17,056 billion yuan [2]. Sector Performance - Notably, Cambrian Technology emerged as the "king of A-shares," with its stock price soaring by 15.73% to 1587.91 yuan per share, surpassing Kweichow Moutai to become the highest-priced stock in A-shares. The technology sector experienced a broad rally, with notable gains in the semiconductor field, including a more than 16% increase for SMIC, which reached a historical high. Other chip-related stocks also saw significant gains, with multiple stocks hitting the daily limit [3]. Market Structure - Despite the overall market rebound, a clear structural divergence was observed. While the technology sector led the gains, traditional defensive industries such as agriculture, coal, and electricity faced declines. The pharmaceutical sector also underwent adjustments, with several stocks, including Nanxin Pharmaceutical, dropping over 5%. There is a noticeable trend of capital concentrating in the technology sector [4]. Financing and Investment Trends - Financing funds have shown a continuous increase in market interest. Despite market adjustments, the financing balance increased by over 200 billion yuan, with a cumulative growth of over 240 billion yuan since August 8. Many investors are entering the market through financing channels, particularly focusing on high-priced technology stocks. Additionally, stock-type ETF shares grew by 17.5 billion shares in August, indicating a strong demand for technology blue-chip stocks [4].