Workflow
沪指3900点博弈激烈 热点板块轮动明显加速
Zheng Quan Shi Bao·2025-10-10 22:07

Market Overview - The A-share market experienced increased volatility due to the National Day and Mid-Autumn Festival holidays, with the Shanghai Composite Index breaking through 3900 points, reaching a 10-year high, before retracting significantly the following day [1] - The trading volume for the two days was 2.67 trillion yuan and 2.53 trillion yuan, showing an increase compared to the pre-holiday period [1] - Margin trading saw a significant increase, with net purchases exceeding 50.8 billion yuan, marking a new high for the year and the second highest in history, with the margin balance reaching 2.43 trillion yuan [1] Sector Performance - Precious metals stocks surged by 8.85% on Thursday due to a spike in international gold prices, marking the second-largest single-day increase in history, but fell sharply the next day as gold prices corrected [1] - The semiconductor sector also saw a similar pattern, with stocks hitting their daily limit on Thursday following gains in overseas semiconductor stocks, but experienced a broad decline on Friday [1] Policy and Economic Outlook - The Ministry of Commerce and the General Administration of Customs announced export controls on synthetic diamond products, leading to a temporary rise in related stocks, although they ultimately closed lower [2] - A new subsidy program for elderly care services was announced, aimed at alleviating the burden on families with moderately to severely disabled elderly individuals, which positively impacted some elder care stocks [2] Future Market Expectations - Guosheng Securities highlighted that the upcoming third-quarter reports could enhance performance pricing power, with a focus on sectors like precious metals and AI computing [3] - Zhongyuan Securities noted that the Federal Reserve has initiated a rate-cutting cycle, which may lead to a more accommodative global liquidity environment, potentially boosting market risk appetite [3] - Recommendations include a balanced allocation strategy focusing on growth and value, with particular attention to TMT, healthcare, and securities sectors [3]