时隔近4个月，A股成交额再度突破3万亿

Core Viewpoint - The A-share market has experienced a strong rally, with all three major indices rising and the Shanghai Composite Index surpassing the 4100-point mark for the first time in 10 years, indicating a significant increase in investor sentiment and market activity [1]. Trading Volume - The trading volume in the A-share market has exceeded 30 trillion yuan for the first time in nearly four months, with a total transaction amount of 30,000 billion yuan on January 9 [1]. - Since the beginning of 2026, the market has maintained a trading volume of over 25 trillion yuan for four consecutive trading days, with January 9 alone seeing a half-day trading volume of over 20 trillion yuan [1]. - Historical data shows that there have only been six instances where the daily trading volume exceeded 30 trillion yuan, with the most recent occurrences in October 2024 and August 2025 [1][2]. Market Sentiment and Future Outlook - Analysts suggest that the surge in trading volume and market activity may lead to further upward momentum, although this phase of growth may be characterized by irrational exuberance, with less correlation to earnings and value [5]. - Despite potential fluctuations during the upward trend, the overall stock market is expected to remain strong until the end of the global economic boom cycle [5]. - The current rally is described as structural, with certain popular sectors likely to continue reaching new highs, while less popular sectors may need to wait for market rotation opportunities [5].