“924”行情一周年，诞生1431只翻倍股，187股下跌

Group 1 - A-share market has seen significant growth, with total market capitalization surpassing 100 trillion yuan, reflecting a structural bull market characterized by micro vitality [1][2] - Major indices have experienced substantial increases, with the North Stock 50 Index leading at a 158.01% rise, while the Shanghai Composite Index and Shenzhen Component Index rose by 39.03% and 62.31% respectively [2] - The market has added three new members to the trillion-yuan market cap club, including Ningde Times, Industrial Fulian, and China Merchants Bank, indicating a recovery in valuations for leading companies [2] Group 2 - Among 31 first-level industries, electronics, media, and comprehensive sectors led the gains with increases of 203.35%, 177.08%, and 129.05% respectively, while traditional cyclical sectors like oil and coal lagged behind with gains of less than 10% [3] - The performance of individual stocks has been notable, with over 1,400 stocks doubling in price, and 38 stocks rising over 500%, highlighting a strong small-cap growth style [4] - The Wind micro-cap index surged by 118.15%, with over 70% of the doubling stocks having an initial market cap below 5 billion yuan, attracting speculative investments [4] Group 3 - The market has seen a mix of performance, with 187 stocks declining, including a significant drop of 96.2% for Zitian Tui due to severe financial fraud leading to delisting [5] - In the top ten stocks with the largest declines, only one was a non-ST company, indicating a concentration of poor performance in troubled firms [5] - Analysts suggest that while the current bull market is not over, a pause is expected as the market seeks balance, with future policy directions likely to influence market confidence [5]