Sou Hu Cai Jing·2025-09-24 15:06Core Viewpoint - The A-share market has experienced a significant turnaround since September 24, 2024, driven by strong policy support, leading to substantial gains across major indices and individual stocks [1][2]. Market Performance - Major A-share indices have shown remarkable growth over the past year, with the Shanghai Composite Index rising from 2770.75 points to 3853.64 points, a cumulative increase of 40.19% [2][3]. - The Shenzhen Component Index increased by 65.23%, while the ChiNext Index surged by 108.14%, reaching a three-year high [2][3]. - Growth indices such as the North Star 50, Sci-Tech 50, and ChiNext have all exceeded 100% in gains, with the North Star 50 showing a remarkable 163.26% increase [2][3]. Individual Stock Performance - Out of 5431 stocks, 5255 have yielded positive returns, representing over 96% of the market, with 1598 stocks doubling in value and 49 stocks increasing by over 500% [6][7]. - Notable high performers include Upwind New Materials with a staggering 2084.68% increase, followed by Haibo Technology and Star Map Control with increases of 1307.85% and 1303%, respectively [7][8]. Sector Performance - All 31 primary industry indices have risen, with the electronics sector leading with a 127.16% increase, driven by strong demand for AI applications and rapid iterations in consumer electronics [9]. - The communication sector followed closely with a 124.06% increase, benefiting from advancements in 5G and computing networks [9]. - Other strong sectors include comprehensive industries and computing, with increases of 108.62% and 86.75%, respectively [9]. Market Capitalization - The total market capitalization of A-shares has surged from 82.04 trillion yuan to 118.65 trillion yuan, marking a 44.62% increase over the year [6][9]. Future Outlook - Analysts suggest that the A-share market is likely to experience a period of oscillation with potential upward movement, driven by increased retail investor participation and stable corporate earnings [10][11]. - The long-term outlook remains positive, with expectations of continued growth in sectors such as technology, high-end manufacturing, and biomedicine [10][11].