收评：A股10月收官！沪指本月涨1.85%一度站上4000点 科创50指数月跌超5%

Market Overview - The A-share market experienced a collective pullback in October, with the Shanghai Composite Index closing at 3954.79 points, down 0.81%, and the Shenzhen Component Index at 13378.21 points, down 1.14% [1] - The total trading volume for the Shanghai and Shenzhen markets was 2.32 trillion yuan, a decrease of 103.9 billion yuan from the previous trading day [1] - The Shanghai Composite Index saw a cumulative increase of 1.85% for the month, briefly surpassing 4000 points, while the ChiNext Index fell by 1.56% [1] Sector Performance - The pharmaceutical sector saw significant gains, with stocks like Lianhuan Pharmaceutical and Sanofi China hitting the daily limit [2] - The white liquor concept stocks rallied in the afternoon, with Zhongrui Co. achieving two consecutive limit-ups [2] - The AI application sector also performed well, with stocks like Rongxin Culture and Fushike Holdings both hitting the daily limit [2] - Conversely, the computing hardware sector faced a collective decline, particularly among the top three optical module companies [2] Institutional Insights - Jifeng Investment Advisory noted that the market is in a short-term correction but maintains a positive long-term outlook, particularly in sectors like semiconductors, consumer electronics, and AI [4] - Hengsheng Qianhai Fund anticipates a continued oscillation around the 4000-point mark, emphasizing the need to monitor policy and external factors closely [4] - Anjue Asset predicts that A-shares will rise in November due to supportive policies and ample liquidity, despite potential profit-taking and sector differentiation [5] Policy Developments - Pan Gongsheng highlighted the need for a robust monetary policy framework to address macroeconomic and financial market fluctuations, suggesting the development of a comprehensive policy toolbox [6] - Wu Qing emphasized the importance of creating an attractive environment for long-term capital investment in A-shares, advocating for reforms in public funds and the promotion of equity funds [7][8] - Five government departments released a plan to accelerate the development of a data factor market, aiming to integrate data industries with sectors like low-altitude economy and autonomous driving [9]