上证指数时隔逾十年突破4000点 A股上行格局进一步确立

Market Performance - 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, an increase of over 125% [4][6] - As of October 27, the A-share financing balance reached a historical high of 2.464 trillion yuan, reflecting a growth of 610.14 billion yuan this year [4][6] Sector Performance - The defense and military industry led the gains, with stocks like Jianglong Shipbuilding hitting a 20% limit up, while sectors such as non-ferrous metals and beauty care saw declines [3][6] - The overall market showed a rotation, with large-cap stocks experiencing pullbacks while small-cap stocks remained relatively active [2][3] Future Outlook - Analysts predict that the market is likely to maintain a strong performance in the short term due to multiple favorable factors, including new policy deployments and potential interest rate cuts by the Federal Reserve [7][8] - The long-term outlook remains optimistic, with expectations of improved corporate earnings and continued foreign capital inflow, indicating a shift towards value investment and structural opportunities [7][8]