Summary of Key Points Core Viewpoint - The Shanghai Stock Exchange (SSE) reported a significant decline in new A-share accounts in October, indicating a cooling investor sentiment compared to the previous year and the previous month [1][2]. New Account Openings - In October, the SSE saw 2.3099 million new A-share accounts, a decrease of 66.26% year-on-year and a 21.36% decline month-on-month [1][2]. - Of the new accounts, 2.3022 million were individual investors, while institutional investors accounted for only 7,700 [2]. - From January to October, the total number of new A-share accounts reached 22.4588 million, reflecting a year-on-year growth of 10.57% compared to 20.3114 million in the same period last year [4]. Market Performance - The A-share market exhibited a volatile trend in October, with the Shanghai Composite Index rising by 1.85%, while the Shenzhen Component Index and the ChiNext Index fell by 1.10% and 1.56%, respectively [5]. - The average daily trading volume in October was 2.14 trillion yuan, down 10.34% from September's 2.39 trillion yuan, indicating a contraction in market activity [5]. Market Outlook - Analysts suggest that the market is in a consolidation phase, awaiting catalysts for future movements. Short-term sentiment has dropped to a low point, but there is potential for long-term growth [5]. - Focus areas for future investment include emerging industries related to the "14th Five-Year Plan," as well as sectors like quantum communication, cloud computing, commercial aerospace, and deep-sea technology [5]. - November is viewed as a trading window for "local tracks" and "preparing for cyclical recovery," with expectations of a buildup for a significant market rally by year-end [5].
2245.88万户!A股前10月新开户增长10.57%
Shang Hai Zheng Quan Bao·2025-11-04 15:11