CICC(SH:601995) Zheng Quan Shi Bao Wang·2025-09-08 00:29Core Viewpoint - The A-share market has shown strong performance over the past year, with the Shanghai Composite Index reaching a nearly ten-year high, reflecting a significant shift in investor risk appetite [1] Market Performance - Since the "9.24" period last year, the Shanghai Composite Index has experienced a recovery from the bottom, followed by fluctuations and a subsequent rise [1] - The average daily trading volume in the A-share market has increased to around 3 trillion yuan, indicating a notable change in investor sentiment over the past year [1] Sector Performance - The technology growth style, driven by industrial trends, has performed well overall, with the STAR 50 and ChiNext Index both showing cumulative gains of over 90% [1] - Leading sectors in the past year include TMT (Technology, Media, and Telecommunications), non-ferrous metals, and high-end manufacturing, while the real estate chain, broad consumption, and some traditional cyclical industries have shown relatively flat performance [1]