市场全天震荡攀升，三大指数集体上涨

Market Overview - The A-share market experienced a day of oscillating gains, with all three major indices rising collectively. The Shanghai Composite Index closed at 3862.53, up 0.90%, while the Shenzhen Component Index rose by 2.05% to 13479.43, and the ChiNext Index increased by 2.74% to 3238.01 [1][3][5]. Sector Performance - The top-performing sectors included non-bank financials, which rose by 3.84%, and non-ferrous metals, which increased by 3.78%. Other notable sectors were electric power equipment (3.07%), steel (2.49%), and comprehensive sectors (1.82%). Conversely, coal and banking sectors saw declines of -0.84% and -0.46%, respectively [2][3]. Market Outlook - The market is expected to maintain a strong upward trend, driven by multiple positive factors. The focus will shift from pre-holiday policy expectations to post-holiday economic performance, with attention on high-frequency economic data such as the official PMI for September and consumption metrics during the holiday period [5]. Financial Policy Insights - The People's Bank of China emphasized the need for a moderately loose monetary policy to guide financial institutions in increasing credit supply. This includes utilizing securities, funds, and insurance company swap facilities to stabilize the capital market [4]. Trading Volume and External Influences - The trading volume in the Shanghai and Shenzhen markets reached 2.16 trillion yuan, an increase of 146 billion yuan from the previous trading day. Additionally, U.S. inflation data indicated a year-on-year increase of 2.7% in the PCE price index, which aligns with market expectations and has bolstered confidence in potential interest rate cuts by the Federal Reserve [5]. Investment Recommendations - It is suggested to focus on sectors such as technology growth, new energy, non-bank financials, and mechanical equipment for potential investment opportunities [5].