Shang Hai Zheng Quan Bao·2026-02-24 08:27Market Overview - On February 24, A-shares experienced a collective rise on the first trading day after the holiday, with the Shanghai Composite Index increasing by 0.87%, the Shenzhen Component Index by 1.36%, and the ChiNext Index by 0.99% [1] - The total trading volume in the three major markets reached 22,182 billion yuan, with over 4,000 stocks rising [1] Sector Performance - The oil and gas sector saw significant gains due to escalating geopolitical risks, with multiple stocks, including Zhongman Petroleum, hitting the daily limit [2] - The cultivated diamond sector also performed strongly, with Sifangda reaching a 20% limit up, marking a historical high, while Huifeng Diamond and Power Diamond rose over 10% and 14%, respectively [3][4] Cultivated Diamond Market - According to the report from the Henan Zhongyuan Jewelry Innovation Industry Research Institute, the current market size of cultivated diamonds in China is 14 billion yuan, projected to exceed 102.5 billion yuan by 2030, indicating a rapidly growing market [5] Resource Sector Activity - Resource stocks, including oil, natural gas, and chemicals, were collectively active, with companies like Zhongman Petroleum and Hunan Silver hitting the daily limit [6] - Spot gold prices surged to 5,200 USD, continuing an upward trend for four consecutive trading days, influenced by geopolitical tensions between the US and Iran [7]