证券时报·2025-09-01 04:41Core Viewpoint - The A-share market continues to rise, with significant gains in gold-related stocks and a notable increase in financing balance, reaching a near 10-year high [1][2][3]. Market Performance - The Shenzhen Composite Index broke through 12,800 points, setting a new three-year high [1][4]. - Gold concept stocks surged, with the sector's intraday increase approaching 4% [6]. - The financing balance of A-shares reached 22,454.72 billion yuan, just 211.63 billion yuan shy of its historical peak [2]. Individual Stock Highlights - Kweichow Moutai's stock price surpassed Cambricon Technologies, reclaiming its position as the highest-priced stock in the A-share market [2][8]. - Cambricon Technologies experienced a significant drop of nearly 9% in its stock price [9]. Sector Performance - Among the primary industry sectors, the top gainers included comprehensive, non-ferrous metals, communication, pharmaceutical biology, and retail [5]. - Conversely, sectors such as defense and non-bank financials showed weaker performance [5]. Gold Market Insights - Domestic gold futures prices rose above 800 yuan per gram, with an intraday increase exceeding 2% [7]. - Companies in the upstream gold mining sector reported substantial revenue and profit growth due to high gold prices, while downstream jewelry companies showed mixed results [7].