Market Performance - A-shares saw collective gains on August 29, with the Shanghai Composite Index rising by 0.37%, the Shenzhen Component Index by 0.99%, and the ChiNext Index by 2.23% [1] - The trading volume in the Shanghai and Shenzhen markets approached 2.8 trillion yuan, a decrease of nearly 200 billion yuan compared to August 28 [1] - Nearly 2,000 stocks rose, with over 70 stocks hitting the daily limit up [1] Sector Performance - The battery, insurance, energy metals, liquor, precious metals, medical services, aerospace, and minor metals sectors showed significant gains, while education, semiconductors, and communication services sectors experienced declines [1] - The strong performance in the battery sector was attributed to three main factors: the continuation of "anti-involution" policies, increased sales of new energy vehicles, and the ramp-up of solid-state batteries [2] - The insurance sector's strength was supported by the release of semi-annual reports from major insurers, with a total net profit of 178.19 billion yuan, reflecting a year-on-year growth of 3.7% [2] Individual Stock Highlights - Industrial Fulian's stock price hit the daily limit, closing at 53.83 yuan per share, with a market capitalization exceeding 1 trillion yuan [1] - Despite a 2.88% decline, Cambrian's stock price remained at 1,492.49 yuan per share, making it the highest-priced stock in the A-share market, surpassing Kweichow Moutai by over 12 yuan [1] - Zhongke Electric led the gains among Hunan stocks with a 14.59% increase, driven by its magnetic equipment and lithium battery anode businesses, reporting a net profit of 272.28 million yuan for the first half of 2025, a year-on-year growth rate of 293.13% [4] Technical Analysis - The Shanghai Composite Index closed August with a bullish monthly candlestick, but the likelihood of a market correction in September is high due to the historical pattern of market behavior [3] - The MACD indicator shows a reduction in bullish momentum, suggesting a potential decline before the index surpasses 4,000 points [3] - Despite the potential for adjustments, the overall market remains in a bullish trend with active trading, indicating a low probability of significant downturns [3]