A-share closing review | The Shanghai Composite Index stabilized at 4000 points! Good news surged the BSE 50 by more than 8%, will a new round of breakthroughs be initiated?

On October 29th, the A-share market surged again, with the Shanghai Composite Index stabilizing above 4000 points. By the close of trading, the Shanghai Composite Index rose by 0.70%, the Shenzhen Component Index rose by 1.95%, and the ChiNext Index rose by 2.93%. The BSE 50 Index also soared by over 8%. On the news front, Lu Songbin, Chairman of the North Exchange, stated that they are continuously optimizing the index system of the North Exchange and accelerating the launch of the BSE 50 ETF. They are also researching the introduction of fixed-price trading after hours to enhance the convenience of investment trading. In addition, Wu Zhiwei, a first-level inspector at the Beijing Securities Regulatory Bureau, announced at a special event hosted by "Financial Street Holdings" that the Beijing regulatory bureau, along with the Municipal Party Committee's Financial Office and other relevant units, has issued the "Implementation Opinions on Promoting the Entry of Mid-to-Long Term Capital into the Market in Beijing". In terms of the market, there was rapid rotation of hot spots. New energy sectors such as photovoltaics and solid-state batteries surged in the afternoon, with stocks like LONGi Green Energy Technology hitting the limit up. Leading brokerage stocks also saw unusual movements, with Huaan hitting the limit up at one point. Hainan Free Trade Zone concept stocks surged, with Hainan Development Holdings Nanhai hitting the limit up along with others. The non-ferrous metals sector rebounded, with stocks like Dazhong Mining hitting the limit up. Quantum technology concepts continued to strengthen, with Digital China Information Service Group hitting the limit up. Computing hardware remained active, with Zhongji Innolight, Eoptolink Technology Inc., and Foxconn Industrial Internet hitting new highs. On the downside, the banking sector declined, while sectors like consumer goods, semiconductors, and pharmaceuticals were among the top losers. Of note, in recent days, funds have been fluctuating around the 4000 point mark. Orient believes that in the context of economic transformation, the importance of the capital market is highlighted, with policies and funding being very friendly. In addition, breakthroughs in industries outlined in the 15th Five-Year Plan indicate that the 4000 point mark does not mean the end of the market trend, as the "technology bull" driven by the industrial revolution is on the horizon. Popular sectors: 1. The photovoltaic sector surged in the afternoon, with LONGi Green Energy Technology, CSI Solar Co., Ltd., and Hongyuan Green Energy hitting the limit up, and Sungrow Power Supply rising by over 8% to hit a historic high. 2. The Hainan Free Trade Zone concept continued to rise, with Hainan Development Holdings Nanhai, Hainan Haide Capital Management, and Hainan Haiqi Transportation Group hitting the limit up. 3. Quantum technology concepts showed strength, with Digital China Information Service Group and Topsec Technologies Group Inc. hitting the limit up. Institutional views: 1. The Pacific Securities: The breakthrough of the 10-year low provides a solid foundation for the A-share market to reach new highs. 2. Industrial: To focus on the strategic layout of the 15th Five-Year Plan. 3. Orient: The 4000 point mark does not mean the end of the market trend. This article was originally published on "Tencent Stocks". Editorial by GMTEight, Editor: Jiang Yuanhua.