Core Viewpoint - The A-share market has experienced a significant recovery over the past year, characterized by a "structural bull market" focused on technological innovation and high-quality development, leading to a transformation in the investment landscape [1][5]. Market Performance - The major indices representing technology and new economy sectors, including the ChiNext Index, STAR 50, and Northbound 50, have all seen gains exceeding 100% over the past year, with specific increases of 103.50%, 118.85%, and 158.01% respectively [6][11]. - The Shanghai Composite Index and CSI 300 have shown more moderate growth, with increases between 30% and 40%, serving as a stabilizing force in the market [6][7]. Trading Activity - The trading volume in the A-share market has surged, with total turnover reaching 410.99 trillion yuan, a 117% increase from the previous year, and the average daily turnover rising to 1.68 trillion yuan, up 113% [8]. - The average daily turnover rate has also increased by 48%, indicating heightened market activity and investor confidence [8]. Stock Performance - Over 1,000 stocks have doubled in price, with 1,435 stocks achieving this milestone in the past year. Notably, three stocks have seen increases exceeding 10 times their original price [11][12]. - The technology sector has outperformed, with significant gains in communication, electronics, and comprehensive indices, all exceeding 100% [13][14]. Market Structure Changes - The previous dominance of traditional sectors such as banking and oil has been disrupted, with new economy giants in electronics and renewable energy emerging as key players [17]. - The number of companies with a market capitalization exceeding 1 trillion yuan has increased to 13, with notable additions from the technology sector, reflecting a shift in market recognition towards tech and new economy enterprises [17][18].
“9·24行情”一周年:A股近3000股涨逾50%,超1400股股价翻倍
2 1 Shi Ji Jing Ji Bao Dao·2025-09-23 14:42