Core Points - The Shanghai Composite Index (SSE) broke through the 4000-point mark, reaching a ten-year high, but closed down by 0.22% [2][3] - The market experienced a significant increase of nearly 1000 points since April 7, indicating a "slow bull" market despite several adjustments along the way [3][5] - The breakthrough of the 4000-point level is historically significant, with previous occurrences in 2007, 2008, and 2015, totaling less than 15 months [3][10] Market Performance - The SSE closed at 3999.93 after initially breaking the 4000-point mark, with a trading volume of 2.15 trillion yuan, down by 192.3 billion yuan from the previous trading day [2][9] - Major sectors that performed well included Fujian, military industry, and port shipping, while sectors like non-ferrous metals, wind power equipment, and oil and gas saw declines [2][14] - Over 2900 stocks in the market closed down, indicating a broad market pullback [2] Sector Analysis - Financial stocks, particularly banks, were the main contributors to the SSE's initial rise above 4000 points, with Agricultural Bank of China and Industrial and Commercial Bank of China showing notable gains [6][9] - Technology stocks are expected to remain favored by investors if market volume increases, as they often serve as a barometer for market sentiment [8][11] - The traditional technology sectors did not lead the gains, with sectors like CPO and controlled nuclear fusion not being the main drivers of the market [12][14] Future Outlook - The market is anticipated to see a rise in risk appetite due to upcoming important meetings and positive factors from third-quarter reports, which may lead to renewed consensus on technology growth sectors [11] - The recent performance of the ChiNext Index, which showed the smallest decline among major indices, suggests resilience in growth-oriented stocks [10]
4000点不是不上 而是缓上、慢上、有节奏地上
Mei Ri Jing Ji Xin Wen·2025-10-28 07:45