A股成交额突破3万亿！｜热聊

Market Overview - On January 9, the A-share market saw a significant surge, with a total trading volume exceeding 30 trillion yuan, reaching 31,526 billion yuan, an increase of 3,261 billion yuan from the previous trading day, marking a return to the 30 trillion level after 73 trading days [1][2] - The Shanghai Composite Index continued its strong upward trend, achieving a 16-day consecutive rise and breaking the 4,100-point mark, closing at 4,120.43 points, the highest in nearly a decade [1] Market Performance - The A-share market exhibited a broadly positive trend, with the Shanghai Composite Index rising by 0.92%, the Shenzhen Component Index by 1.15% to 14,120.15 points, and the ChiNext Index by 0.77% to 3,327.81 points [1] - The STAR 50 Index led the major indices with a 1.43% increase, closing at 1,475.97 points, while the Northbound 50 Index rose by 1.05% to 1,524.26 points [1] - Over 3,900 stocks in the market were in the green, with more than 110 stocks hitting the daily limit up, indicating a significant expansion of the profit-making effect and heightened investor participation [1] Historical Context - The occurrence of a single-day trading volume exceeding 30 trillion yuan is rare in A-share history, with only six instances recorded as of January 9, 2026 [2] - The previous five instances occurred in October 2024 and from August to September 2025, with the highest record being 34,835.43 billion yuan on October 8, 2024 [2] - The current surge in trading volume is characterized by a synchronous resonance with the continuous rise of the index, reflecting strong market confidence [2] Sector Performance - Key sectors such as AI applications, commercial aerospace, non-ferrous metals, and innovative pharmaceuticals saw collective strength, becoming the core focus of capital inflow [3] - AI-related sectors performed exceptionally well, with stocks like Yidian Tianxia and Kunlun Wanwei hitting the daily limit up of 20%, supported by the Ministry of Industry and Information Technology's policy on computing infrastructure [3] - The commercial aerospace sector also showed remarkable performance, with stocks like China Satellite Communications reaching new highs due to breakthroughs in private aerospace companies' rocket recovery technology [3] Policy and Capital Dynamics - The surge in trading volume is attributed to the resonance of three dimensions: policy, capital, and sentiment [4] - On the policy front, the implementation of "AI + manufacturing" special policies and the central bank's commitment to maintaining liquidity through flexible monetary policy tools have provided solid support for the market [4] - Capital dynamics include accelerated entry of medium to long-term funds, with net inflows from Northbound funds exceeding 200 billion yuan in January [4] Future Market Outlook - Analysts believe that the recent surge in trading volume signifies the emergence of "policy bottom, market bottom, and economic bottom," with the bull market expected to peak in the spring [5] - The sustainability of the market's upward trend will depend on the continuity of trading volume, capital structure, and changes in fundamentals [5] - If trading volume can maintain above 25 trillion yuan, with continued inflows from institutional and foreign capital, the market is likely to deepen; otherwise, a decline below 20 trillion yuan may signal potential risks [5] - The dual breakthroughs of the Shanghai Composite Index at 4,100 points and the 30 trillion trading volume indicate that the A-share market has entered a new operational phase, with structural trends expected to remain the main theme [5]