Market Trends and Highs Tracking - The report aims to track stocks, industries, and sectors that are reaching new highs, serving as market indicators [1][4] - As of September 12, 2025, the distance to the 250-day high for major indices is as follows: Shanghai Composite Index 0.33%, Shenzhen Component Index 0.43%, CSI 300 0.57%, CSI 500 0.00%, CSI 1000 1.04%, CSI 2000 1.56%, ChiNext Index 1.09%, and STAR Market 1.95% [6][23] - Certain sectors such as non-ferrous metals, comprehensive, media, agriculture, forestry, animal husbandry, and machinery are closer to their 250-day highs, while coal, banking, comprehensive finance, transportation, and food and beverage sectors are further away [8][23] Monitoring High-Performing Stocks - A total of 1,620 stocks reached a 250-day high in the past 20 trading days, with the highest number of new highs in the machinery, electronics, and basic chemicals sectors [2][13] - The highest proportion of new high stocks is found in non-ferrous metals (68.55%), electronics (45.47%), and comprehensive industries (43.48%) [13][15] - The technology and manufacturing sectors had the most stocks reaching new highs this week, with respective counts of 503 and 452 [15] Stable High-Performing Stocks Tracking - The report identifies 50 stable high-performing stocks based on analyst attention, relative strength, price path stability, and continuity of new highs [3][20] - The cyclical and technology sectors had the most stocks selected, with 17 stocks each, while the basic chemicals industry had the highest number of new highs within the cyclical sector [20][24]

Market Overview - The A-share market showed a positive trend today, with major indices mostly rising. The Shanghai Composite Index increased by 0.65% to close at 3605.73 points, while the Shenzhen Component rose by 1.21% to 11193.06 points. The Sci-Tech 50 Index and the ChiNext Index also saw gains of 1.17% and 1.50%, closing at 1032.84 points and 2345.37 points respectively [1]. - A total of 4391 stocks rose, while 911 stocks fell, and 113 stocks remained unchanged. The total trading volume in the Shanghai and Shenzhen markets was 18447 billion yuan, a decrease of 198.94 billion yuan compared to the previous trading day [1]. Industry Performance - Among the Shenwan first-level industries, all sectors except for banking, telecommunications, and public utilities experienced gains today. The leading sectors included beauty and personal care, non-ferrous metals, steel, retail, non-bank financials, and social services [1]. - The top-performing concept sectors included Hainan Free Trade Port, selected rare metals, rare earths, rare earth permanent magnets, vaccines, lithium mines, small metals, stock trading software, cobalt mines, duty-free shops, lithium extraction from salt lakes, selected medical services, lithium battery cathodes, and stem cells [1].

Investment Rating - The report does not explicitly state an investment rating for the industry Core Views - The domestic market experienced a low open followed by a high close, with the Shanghai Composite Index closing at 3346.72 points, up 0.43%, and the Shenzhen Component Index closing at 10749.46 points, up 1.16% [1][4] - Among 30 first-level industries, 16 saw an increase, with notable gains in the computer, pharmaceutical, and automotive sectors, while comprehensive finance, real estate, and retail sectors faced significant declines [1][4] - The total trading volume for the A-share market was 17448 billion, showing a slight decrease compared to the previous day [1][4] Domestic Market Overview - The Shanghai Composite Index closed at 3346.72 points, increasing by 14.24 points or 0.43% [4] - The Shenzhen Component Index closed at 10749.46 points, increasing by 122.83 points or 1.16% [4] - The ChiNext Index rose by 1.8%, and the STAR Market 50 Index increased by 0.53% [4] - The trading volume for the entire A-share market was 17448 billion, slightly down from the previous day [4] Overseas Market Overview - The three major U.S. stock indices closed mixed, with the Dow Jones down 0.37%, the S&P 500 down 0.01%, and the Nasdaq up 0.41% [2][4] - Notable declines were seen in Procter & Gamble, which fell over 4%, and Travelers Group, which dropped nearly 2% [2] - Chinese concept stocks generally rose, with notable increases in companies like WeRide, which surged 83.46%, and Kingsoft Cloud, which rose about 20% [2][4] Key Economic Data - In January, M2 grew by 7% year-on-year, while M1 increased by 0.4% [10][13] - New RMB loans in January amounted to 5.13 trillion, with a total social financing scale increase of 7.06 trillion, which is 583.3 billion more than the same period last year [10][13] - The total social financing scale stock reached 415.2 trillion, reflecting an 8% year-on-year growth [10][13]