Market Performance - On the first trading day of October, A-shares opened higher, with the Shanghai Composite Index surpassing 3900 points for the first time in ten years, closing at 3933.97 points, up 1.32% [1] - The Shenzhen Component Index rose by 1.47%, while the ChiNext Index increased by 0.73%, and the STAR Market 50 Index surged by 2.93% [1] - The total market turnover reached 2.67 trillion yuan, an increase of 474.6 billion yuan compared to the previous trading day, with over 3100 stocks rising and nearly 100 stocks hitting the daily limit [1] Sector Performance - Precious metals and gold sectors saw a surge, with multiple stocks like Zhaojin Mining and Zhongjin Gold hitting the daily limit due to rising international gold prices during the National Day holiday [1] - The controlled nuclear fusion sector experienced significant growth following recent milestone advancements, with Guoguang Electric hitting a 20% limit up [1] - The rare earth sector also rose due to export controls on related items, with stocks like Northern Rare Earth and Antai Rare Earth reaching their daily limits [1] - Other sectors such as small metals, non-ferrous metals, lithium mining concepts, and superconducting concepts showed strong performance [1] Declining Sectors - The tourism and hotel sector declined, with daily per capita consumption during the holiday dropping by 13% year-on-year, leading to a more than 8% drop in stocks like Caesar Travel [1] - The real estate service sector also faced losses, with Huangting International hitting the daily limit down [1] - The film and television sector weakened due to lower box office revenues compared to the previous year, with stocks like China Film and Hengdian Film hitting their daily limits down [1] - Other sectors such as duty-free, short drama concepts, and millet economy also experienced significant declines [1] Top Gainers and Fund Inflows - Precious metals topped the gainers list with a 9.28% increase, followed by basic metals at 6.52% and power generation equipment at 6.279% [2] - The electricity sector rose by 2.89%, while steel and coal sectors increased by 2.83% and 2.749% respectively [2]

Core Viewpoint - The article highlights the performance of A-share indices in October over the past decade, indicating a mixed trend for the Shanghai Composite Index, while the Shenzhen Component Index and ChiNext Index show higher winning rates, particularly in specific sectors like semiconductors and automotive parts [1][5]. Summary by Sections A-share Index Performance - Over the past ten years, the Shanghai Composite Index has shown a 50% win rate in October, while the Shenzhen Component Index has a 70% win rate, and the ChiNext Index has a 60% win rate [2][5]. - The performance of these indices varies significantly, with notable years of decline in 2018, 2022, and 2023 for the Shenzhen and ChiNext indices [2][5]. Sector Performance - In the last five years, the semiconductor, other electronics, and automotive parts sectors have achieved a 100% win rate in October [1][5]. - Other sectors such as commercial vehicles, internet e-commerce, automation equipment, wind power equipment, consumer electronics, and components have an 80% win rate [5]. Investment Recommendations - Multiple brokerages suggest focusing on technology and "anti-involution" themes, especially during the third-quarter report window [6]. - The market is expected to maintain a trend of gradual upward movement, with key attention on third-quarter earnings reports and policy expectations [6][7]. - Key investment themes include AI capital expenditure, the "14th Five-Year Plan" expectations, and sectors likely to benefit from potential policy reversals related to "anti-involution" [7].

Market Performance - On the first trading day of October, the A-share market continued its strong performance, with the Shanghai Composite Index reaching 3931.07 points, up 1.24% [2] - The Shenzhen Component Index and the ChiNext Index rose by 1.75% and 1.77%, respectively, while the Sci-Tech Innovation 50 Index surged by 5.59% [2] Gold Sector - The gold sector opened strongly, driven by international gold prices hitting new highs during the holiday, with COMEX gold futures closing at $4060.6 per ounce, a 4.45% increase over the holiday [4][7] - The Shenwan Precious Metals Index rose by 7.89%, leading all sectors, with notable stocks like Sichuan Gold and Shandong Gold hitting the daily limit [5][6] Controlled Nuclear Fusion Concept - The controlled nuclear fusion concept saw a surge, with stocks like Hahwa Huatong and Zhongzhou Special Materials reaching the daily limit of 20% [9][11] - A key breakthrough was reported on October 1, with the installation of a 400-ton base for the BEST nuclear fusion device, marking the start of its construction [11] Specific Stock Movements - Sichuan Gold and Shandong Gold both reached their daily limit, with increases of 10% and 9.99%, respectively [6] - Hainan Huatie, a previously popular stock in the computing power sector, faced a one-word drop limit, with over 2.93 million shares on the limit board due to the cancellation of a significant contract worth approximately 3.69 billion yuan [12][14]

Market Performance - On October 9, the first trading day after the holiday, A-shares saw a significant rise, with the Shanghai Composite Index surpassing 3900 points, marking a 10-year high, and increasing over 28% since the low on April 7, with a year-to-date gain of 16% [1] - By midday, the Shanghai Composite Index was reported at 3931.07, up 1.24%, the Shenzhen Component at 13763.88, up 1.75%, and the ChiNext Index at 3295.58, up 1.77%, with a total trading volume of 172.69 billion yuan, an increase of 35.71 billion yuan from the previous trading day [1] Sector Performance - In terms of sector performance, the top gainers included non-ferrous metals, gold, controllable nuclear fusion, and semiconductors [3] - Within the controllable nuclear fusion sector, Changfu Co. led with a 23.46% increase, while Guoguang Electric, Hahai Huaton, and Zhongzhou Special Materials hit the daily limit [3] - The non-ferrous metals and gold sectors saw multiple stocks, including Zhejiang Fu Holdings, Tongling Nonferrous Metals, and Yunnan Copper, reach their daily limit [3] - In the semiconductor sector, companies like Canxin Co. and Huahong Semiconductor also hit the daily limit, with several others rising over 10% [3] Market Outlook - Analysts generally believe that the upward trend in the market will continue post-holiday, supported by the central bank's announcement to release 1.1 trillion yuan through open market operations and reverse repos, enhancing market liquidity [3] - The strong performance of the Hong Kong stock market, particularly the Hang Seng Technology Index, is expected to further bolster the A-share market, especially in hard technology sectors such as humanoid robots, solid-state batteries, computing algorithms, and innovative pharmaceuticals [3][4] - The interaction between A-shares and Hong Kong stocks is strengthening, with the current bull market trend expected to persist, particularly in the "golden September and silver October" period [4] - Research from China International Capital Corporation indicates that the domestic AI industry is seeing significant developments, and the profit growth of domestic industrial enterprises is recovering, suggesting a stable performance for A-shares post-holiday [4] - CITIC Securities forecasts a gradual improvement in the economy, liquidity easing, and sustained high-risk appetite, predicting an upward trend in the market throughout October [5]

Market Overview - The Shanghai Composite Index rose over 1% and broke through 3900 points, reaching a 10-year high, while the Shenzhen Component and ChiNext Index increased nearly 2% and the Sci-Tech 50 Index surged over 5% [1][2] Sector Performance - The precious metals sector led the market gains, with stocks like Zhejiang Fu Holdings, Silver Industry, and Western Mining hitting the daily limit [1] - The controllable nuclear fusion sector saw significant increases, with Changfu Co. rising over 20% and stocks like Guoguang Electric, Hahai Welding, and Zhongzhou Special Materials hitting the daily limit [1][5] - The semiconductor industry chain experienced a breakout, with stocks such as Dazhong Semiconductor and Huahong Semiconductor both hitting the daily limit [1][4] - Conversely, the consumer sector faced a collective adjustment, particularly in the film and cinema industry, with Huace Film falling over 12% [1] Key Highlights - In the semiconductor sector, Huahong Company hit the daily limit, while SMIC rose nearly 8%, both reaching historical highs. Dazhong Semiconductor also hit the daily limit, with other companies like Chipone and Chiplink rising over 10% [4] - Citigroup forecasts that the share of semiconductor sales for AI data centers will increase from less than 5% in 2022 to approximately 27% by 2025, and further to 40% by 2028. The revenue growth rate for the semiconductor industry is expected to rise from a historical average of 7% to 10% due to AI demand [4] - In the controllable nuclear fusion sector, the successful installation of a key component for the compact fusion energy experimental device in Hefei marks a new phase in the project, accelerating component development and engineering installation [5]

Group 1 - Hong Kong's Hang Seng Index rose by 0.04%, gaining 11 points to close at 26,840 points, while the Hang Seng Tech Index increased by 0.63% [1] - Shanghai Electric (02727) surged by 15.72%, with its A-shares hitting the daily limit, driven by positive developments in the controllable nuclear fusion sector [1] - Huahong Semiconductor (01347) climbed 6.75%, reaching a new high as domestic supply chain localization accelerates, with local foundry demand expected to expand rapidly [1] - Jiangxi Copper (00358) increased by 11%, being a leading copper smelting company in China, with a potential resumption of production at a copper mine owned by First Quantum [1] - Luoyang Molybdenum (03993) rose by 8%, as cobalt prices surged over 11% in the previous two days due to strict export controls in the Democratic Republic of Congo [1] - Hang Seng Bank (00011) jumped 26% following HSBC's recommendation to privatize the bank [1] - Solar stocks saw gains in early trading, with prices in the photovoltaic industry chain continuing to rise in September, particularly in upstream sectors [1] - High-speed rail infrastructure stocks led the gains, with record railway investment progress and the initiation of the "14th Five-Year" railway development planning [1] Group 2 - ZTE Corporation (00763) saw both A and H shares rise, with the overseas debut of its Co-Sight super intelligent system indicating positive growth potential in the enterprise AI market [2] Group 3 - Mixue Group (02097) rose 8.96% despite market trends, making a forward-looking investment in fresh beer brand Fulu, expanding its "tea + coffee + fresh beer" portfolio [3] - The Hang Seng Biotechnology Index fell by 3.52%, with several constituent stocks like Innovent Biologics (09969) and Sino Biopharmaceutical (01177) experiencing declines of over 6% [3] - Smoore International (06969) dropped over 9%, having fallen more than 30% from its yearly high, with UBS projecting lower earnings than market consensus [3]

10月9日，三大指数集体高开，涨幅持续扩大。截至午间收盘，上证指数涨1.24%报3931.07点，深证成指涨1.75%，创业板指涨1.77%， 北证50涨0.25%，科创50涨5.59%，全A涨1.45%，A500涨1.63%，中证A500涨1.72%，A股半日成交1.73万亿元，全市场超3200只个股上 涨。 富时中国A50指数期货大涨1.24％，报15282。 | | | F9 叠加 九转 画线 工具 您 » | | | 富时中国A50期货 | | CN | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2025/10/09 | | | | | | | | V nr | 当前为延时行情，点此获取实时行情 | 1.62% | | 15282 +187 +1.24% | | | | | | | 1.08% | | SGX USD 11:23:45 延时10分钟 | | | | | | | | = | 15282 | 1 | -3 | | | | | | दो | 15281 | 36 | -4 | | | | | 0.54% | 总量 | 23 ...

各位朋友，今儿早盘这A股可是给了个实打实的惊喜——沪指时隔10年重新站上3900点！我是帮主郑重，盯着盘面这会儿都觉得提气，三大指数一起往上 走，连成交额都透着股"热乎劲儿"，跟大家好好掰扯掰扯这热闹背后的门道。 不过也不是所有板块都顺，旅游、影视院线、白酒这些传统消费就有点"掉队"，横店影视、中国电影早盘还跌停了，凯撒旅业、西域旅游，还有山西汾酒、 泸州老窖都往下走，这就是盘面的正常分化，资金总爱往热度高、逻辑硬的地方扎。 截至午盘，上证指数涨了1.24%，深成指和创业板指更猛，都超1.7%，北证50也稳着涨了0.25%。最关键的是成交额，半天就到了17269亿，比昨天多了3571 亿，这说明资金进场的意愿真挺强，全市场3200只个股上涨，盘面看着就敞亮，没那种"只赚指数不赚钱"的憋屈感。 再看板块，今儿简直是"科技+资源"的主场：黄金板块跟着国际金价大涨的风，四川黄金、江西铜业这些近10股直接涨停，贵金属的热度一下子就起来了； 可控核聚变更狠，国光电气直接20cm封板，融发核电、合锻智能等10多股也跟着躺平涨停，这板块今儿算是彻底"冒头"；半导体更不用说，华虹公司、灿 芯股份双双20cm涨停还创了历史新高 ...

三大指数早盘集体上涨，截至午盘，上证指数涨1.24%，深成指涨1.75%，创业板指涨1.77%，北证50涨 0.25%。沪深京三市半日成交额17269亿元，较上日放量3571亿元。全市场3200只个股上涨。板块题材 方面，有色金属、黄金、可控核聚变、半导体、风电设备、钢铁板块涨幅居前；旅游、影视院线、白 酒、房地产、猪肉板块跌幅居前。盘面上，受国际金价大涨影响，有色金属、贵金属板块集体大涨，四 川黄金、江西铜业、白银有色等近10股涨停。可控核聚变板块全线爆发，国光电气20cm涨停，融发核 电、合锻智能、浙富控股等10余股封板。半导体板块延续强势，华虹公司、灿芯股份双双20cm涨停创 出历史新高，中微公司、芯原股份、中科飞测等多股同样刷新历史高位。此外、电池、证券、钢铁等板 块盘中均有所异动。影视院线、旅游、白酒等传统消费板块表现落后，横店影视、中国电影、博纳影业 盘中跌停，凯撒旅业、西域旅游、山西汾酒、泸州老窖纷纷下挫。 ...

Market Overview - The A-share market opened higher on October 9, with the Shanghai Composite Index up 0.14%, the Shenzhen Component Index up 0.66%, and the ChiNext Index up 0.81% [1] - Key sectors showing strong performance include precious metals, nuclear fusion, and non-ferrous metals, while the film and tourism sectors experienced significant declines [1] Sector Highlights Precious Metals - The gold sector saw significant gains, with stocks like Sichuan Gold and Chifeng Jilong Gold hitting the daily limit, and others like Shandong Gold and Zhongjin Gold rising over 7% [2] - As of October 8, COMEX gold futures rose 1.42% to $4060.6 per ounce, with a cumulative increase of 4.45% during the National Day holiday [2] Nuclear Fusion - The controllable nuclear fusion sector experienced a surge, with stocks like Hezhong Intelligent and Yongding Co. hitting the daily limit, and others like Shanghai Electric and West Superconducting rising over 10% [3] - China's nuclear fusion device BEST is under construction, aiming to demonstrate nuclear fusion power generation by 2030 [3] Storage Chips - The storage chip sector showed renewed activity, with stocks like Shannon Chip and Jiangbo Long rising over 12% to new highs [4] - A report indicated that global storage chip prices have been rising, with server eSSD prices expected to increase by over 10% in Q4 2025 [4] Institutional Insights Zhao Securities - The market is expected to continue the upward trend observed in September, maintaining a low-slope upward trajectory, with ongoing inflow of incremental capital [5] - Key focus areas include AI computing, semiconductor autonomy, solid-state batteries, commercial aerospace, and controllable nuclear fusion [5] CITIC Securities - The technology and gold sectors are expected to gain further strength post-holiday, with a focus on AI and copper prices [5] - The A-share market is anticipated to maintain an upward trend supported by stable economic fundamentals and continuous capital inflow [5] Shenwan Hongyuan - The structural outlook remains focused on technology and select cyclical sectors, with an emphasis on AI applications and semiconductor manufacturing [6] - Investment priorities include independent logic-driven non-ferrous metals and sectors with accumulated gains like innovative drugs and energy storage [6] Industrial Securities - A new upward momentum is building after the market's consolidation in September, supported by a globally accommodative macro environment [6] - Key sectors to watch include innovative drugs, military industry, AI, and battery technologies [6]