“9·24”一周年 A股普涨！节前投资者如何抉择？

Core Viewpoint - The A-share market experienced a significant rebound on the anniversary of the "9·24" policy, with technology stocks such as semiconductors, consumer electronics, and power equipment leading the gains. This rebound is attributed to a technical correction after a short-term decline and a consensus among investors that the market has limited downside potential [1][13]. Market Performance - The Shanghai Composite Index rose by 0.83% to close at 3853.64 points, while the ChiNext Index increased by 2.28% to 3185.57 points. The STAR Market 50 Index surged by 3.49% [2]. - The total trading volume in the market decreased to 2.35 trillion yuan, with the margin financing balance slightly reduced to approximately 2.42 trillion yuan as of September 23 [3]. Sector Performance - Technology stocks, particularly those related to semiconductors, electronic equipment manufacturing, and storage chips, attracted significant capital inflows. Notable stocks included Luxshare Precision, which saw a trading volume of 29.9 billion yuan and a price increase of 6.85%, and SMIC, which rose by 5.03% [5][6]. - The electronic sector continued to strengthen, with 13 stocks hitting the daily limit up, including Shen Gong Co. and Jiangfeng Electronics [8][9]. Investment Sentiment - Investor sentiment was buoyed by the anniversary of the "9·24" policy, which provided psychological support for the market. The consensus among investors is that the market's downside is limited, particularly in the technology sector, which has seen consistent capital inflows despite recent adjustments [13][14]. - Analysts suggest that the upcoming National Day holiday may tighten liquidity, leading to potential volatility, and caution against profit-taking in stocks that have seen significant gains [15][16]. Long-term Outlook - From a medium to long-term perspective, the technology sector, especially in areas like AI and semiconductor equipment, continues to present investment opportunities. The demand for computing power driven by AI is expected to boost related industries such as PCB and storage chips [16].