Market Overview - On October 28, the A-share market experienced a high opening followed by a pullback, with a trading volume of 2.17 trillion yuan, marking the first time in over 10 years that the Shanghai Composite Index surpassed 4000 points [1][2] - The market showed divergence, with sectors such as lithium battery electrolyte, semiconductor materials, and optical chips performing actively, while over 2300 stocks rose and more than 70 stocks hit the daily limit [1][2] Market Structure Changes - Compared to 2015, the current A-share market structure has undergone significant changes, with the number of listed companies increasing from 2568 to 5444 and total market capitalization rising from 52.38 trillion yuan to 118.11 trillion yuan, representing an increase of over 125% [3][4] - The financing balance in the A-share market reached a historical high of 2.464 trillion yuan as of October 27, 2023, with a year-to-date increase of 610.14 billion yuan [3][4] Trading Activity - The trading volume on October 28 was 2.17 trillion yuan, a decrease of 191.3 billion yuan from the previous trading day, with the Shanghai Stock Exchange contributing 940.76 billion yuan and the Shenzhen Stock Exchange 1.207 trillion yuan [2][4] - The market saw a rotation in sectors, with the defense and military industry leading gains, while sectors like non-ferrous metals and beauty care experienced declines [2][4] Future Market Outlook - Analysts suggest that multiple favorable factors are likely to support a strong market performance in the short term, with expectations of improved corporate earnings adding new momentum [6][7] - The market is anticipated to maintain an upward trend, driven by new policy deployments and external factors such as US-China trade negotiations and potential interest rate cuts by the Federal Reserve [6][7]
上证指数时隔逾十年突破4000点A股上行格局进一步确立
Zhong Guo Zheng Quan Bao·2025-10-28 21:11