Zheng Quan Shi Bao·2025-10-29 08:47Market Overview - The A-share market experienced a strong rally on October 29, with the Shanghai Composite Index surpassing 4000 points, reaching a 10-year high, while the ChiNext Index rose nearly 3% [1] - The North Exchange 50 Index surged over 8% in the afternoon session, closing with a significant increase [2] Sector Performance Photovoltaic Industry - The photovoltaic sector saw substantial gains, with Sunshine Power rising over 15% to a new historical high, and other companies like Longi Green Energy and Tongwei Co. hitting the daily limit [5][6] - The industry is expected to benefit from improved supply-demand dynamics and rising prices of polysilicon, leading to a potential valuation recovery [7] Nonferrous Metals - The nonferrous metals sector also performed strongly, with tungsten and aluminum stocks showing notable increases. Zhongtung High-tech hit the daily limit for two consecutive days, while Jiangxi Copper approached the limit [8][10] - The tungsten market is experiencing a price increase due to rising demand and supply constraints, with significant price hikes reported for tungsten concentrate and ammonium paratungstate [10] Securities Firms - The securities sector saw gains, with Huazhang Securities and Northeast Securities reaching their daily limits during intraday trading [1] Banking Sector - In contrast, the banking sector faced declines, with Chengdu Bank dropping nearly 6% and other banks like Xiamen Bank and Shanghai Pudong Development Bank falling close to 5% [1] Regulatory Developments - The China Securities Regulatory Commission emphasized the need to improve the North Exchange's listing mechanism and enhance the quality of listed companies, aiming to stimulate market vitality [4]