沪指突破3900点 创十年新高

Core Viewpoint - A-shares experienced a strong start in October, with all three major indices rising, driven by the performance of the technology and non-ferrous metal sectors, indicating a positive outlook for the market in the near term [1][2]. Market Performance - The Shanghai Composite Index closed at 3933.97 points, up 1.32%, marking a new high since August 2015; the Shenzhen Component Index rose 1.47% to 13725.56 points, a new high since February 2022; and the ChiNext Index increased by 0.73% to 3261.82 points, a new high since January 2022 [2]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets reached 26,718 billion yuan, an increase of 4,746 billion yuan compared to the previous trading day, with over 3,100 stocks rising across the market [3]. Sector Performance - The non-ferrous metals sector saw an overall increase of 7.60%, leading all industries, with stocks like Western Gold, Sichuan Gold, Shandong Gold, and Zhongjin Gold hitting the daily limit [4]. The semiconductor sector also performed well, with companies like CanSemi, Yandong Micro, and Jinghe Integration seeing gains of over 10% [4]. Additionally, the rare earth sector strengthened following announcements from the Ministry of Commerce regarding export controls [4]. Market Sentiment - The influx of capital post-holiday has created a strong bullish atmosphere in the market, supported by favorable conditions in the global market and continuous innovations in artificial intelligence and non-ferrous metals [4]. Expert Analysis - Analysts from Xinyi Securities and招商证券 suggest that the current macroeconomic environment and the influx of new capital will support the upward momentum of A-shares. They anticipate a continuation of the upward trend with a focus on structural opportunities as the third-quarter reports are released and significant meetings take place [5][6]. Investment Opportunities - Investors are advised to focus on sectors benefiting from industrial trends, including innovative pharmaceuticals, military industry, AI, batteries, and non-ferrous metals. Key areas of interest include AI computing, semiconductor autonomy, solid-state batteries, commercial aerospace, and controlled nuclear fusion [6]. The market is expected to favor large-cap stocks, with growth sectors likely to continue to outperform [6].