2 1 Shi Ji Jing Ji Bao Dao·2025-09-15 15:08Core Viewpoint - The A-share market shows a mixed performance with the ChiNext index rising significantly, driven by the lithium battery industry, while economic data indicates a stable and improving trend, providing fundamental support for the market [1][4]. Market Performance - The A-share market exhibited structural differentiation, with the Shanghai Composite Index slightly down by 0.26% to 3860.50 points, the Shenzhen Component Index up by 0.63% to 13005.77 points, and the ChiNext Index up by 1.52% to 3066.18 points [2]. - Trading activity remains robust, with a total turnover of 22,774 billion yuan, despite a decrease of 2,435 billion yuan from the previous trading day, maintaining above 20,000 billion yuan [2]. - The lithium battery industry chain saw significant gains, with stocks like Tianqi Lithium hitting the daily limit [2][3]. Economic Data - The National Bureau of Statistics reported that the industrial production in August grew by 5.2% year-on-year, with the manufacturing sector growing by 5.7%, indicating a positive development trend [4]. - The equipment manufacturing and high-tech manufacturing sectors saw year-on-year increases of 8.1% and 9.3%, respectively, with smart vehicle equipment manufacturing growing by 17.7% and integrated circuit manufacturing by 23.5% [4]. - Retail sales in August reached 39,668 billion yuan, growing by 3.4% year-on-year, with significant increases in furniture and home appliance sales [4][5]. - The total import and export volume in August increased by 3.5% year-on-year, with exports and imports achieving growth for three consecutive months [4]. Market Outlook - Several major brokerages remain optimistic about the market's future performance, suggesting that the A-share market is likely to continue a trend of oscillating upward [6]. - Analysts from CITIC Securities noted that the current market is driven by structural trends rather than just emotional premiums [6]. - Recommendations include focusing on sectors with strong growth potential, such as new energy, innovative pharmaceuticals, and cyclical materials [7].