A股9月收官：科技股主导“以大为美”行情，电力设备涨幅领先

Market Overview - A-shares ended the last trading day of September with all three major indices closing in the green, with the Shanghai Composite Index rising by 0.52% to 3882.78 points, marking the largest intraday gain [1] - In September, the Shanghai Composite Index accumulated a rise of 0.64%, achieving a five-month consecutive increase, although the monthly gain was the lowest since May; the Shenzhen Component Index rose by 6.54%, and the ChiNext Index increased by 12.04% [1] - Major broad-based indices saw the CSI 300 Index increase by 3.2%, the STAR 50 Index rise by 11.48%, the STAR Composite Index up by 7.11%, and the Xinhua 500 Index gain 3.66% [1] - The market showed a clear preference for larger companies, with the CSI 100 Index rising by 5.45%, the CSI 500 Index up by 5.23%, while the CSI 1000 Index only increased by 1.83% and the CSI 2000 Index even fell by 0.27% [1] Trading Activity - The A-share market was active in September, with total trading volume exceeding 50 trillion yuan, setting a historical record; all trading days except September 10 saw total trading volumes above 2 trillion yuan [1] - As of September 29, the financing balance in the Shanghai, Shenzhen, and Beijing markets reached 2.412 trillion yuan, an increase of 167 billion yuan from the end of August, with the financing balance accounting for 2.52% of the A-share market's circulating market value [1] Industry Performance - Among the 31 first-level industry indices, the power equipment sector led with a significant increase of 21.17%, followed by non-ferrous metals and electronics, both exceeding 10% [2][3] - The real estate sector experienced a rebound of 8.15%, ranking fourth, while media, machinery, and automotive sectors also saw gains of over 5% [2][3] - The sectors with the largest declines included defense, banking, non-bank financials, beauty care, social services, and food and beverage [2] Individual Stocks - Excluding newly listed stocks, nine stocks in September saw gains exceeding 100%, with Shoukai Holdings leading at 181.2% due to speculative trading related to its indirect stake in Yushu Technology [7] - Haibo Shichuang, a leader in electrochemical energy storage solutions, saw a rise of over 153% driven by surging overseas demand for energy storage [7] - The company is expanding its international presence and expects significant revenue from overseas markets, with a projected 540 million yuan in foreign income for 2024 [7] Future Outlook - October is viewed as a critical policy layout window, with expectations for stable market conditions as the 20th Central Committee's Fourth Plenary Session approaches [8] - The market anticipates potential benefits for the robotics and innovative pharmaceutical sectors due to upcoming events, including the launch of Xiaopeng's fifth-generation humanoid robot and new drug developments from Chinese pharmaceutical companies [8] - There is strong speculation regarding a potential interest rate cut by the Federal Reserve in October, which could positively impact the Hong Kong market and facilitate capital inflows [8]