Guoyuan Securities·2025-09-05 13:14Market Performance - On September 5, 2025, the Shanghai Composite Index rose by 1.24%, the Shenzhen Component Index increased by 3.89%, and the ChiNext Index surged by 6.55%[2] - The total market turnover was 23,483.60 billion yuan, a decrease of 2,335.33 billion yuan from the previous trading day[2] - A total of 4,856 stocks rose while 473 stocks fell across the market[2] Sector and Style Analysis - The top-performing sectors included Electric Equipment and New Energy (6.28%), Communication (5.31%), and Nonferrous Metals (4.42%)[18] - The worst-performing sectors were Banking (-0.96%), Oil and Petrochemicals (0.42%), and Transportation (0.47%)[18] - In terms of investment style, Consumer stocks outperformed, followed by Cyclical and Growth stocks[18] Capital Flow - On September 5, 2025, the net inflow of main funds was 445.30 billion yuan, with large orders contributing 433.02 billion yuan and small orders continuing to see outflows of 199.98 billion yuan[3] - The major ETFs saw a decrease in trading volume, with the top ETFs experiencing declines ranging from 1.15 billion yuan to 25.60 billion yuan compared to the previous day[26] Global Market Trends - Major Asia-Pacific indices closed higher, with the Hang Seng Index up 1.43% and the Nikkei 225 Index up 1.03%[30] - On September 4, European indices showed mixed results, with the DAX Index rising by 0.74% and the CAC40 Index falling by 0.27%[30] - U.S. stock indices also saw gains, with the Dow Jones Industrial Average increasing by 0.77% and the S&P 500 rising by 0.83%[30]