A share closing review | The Shanghai Composite Index stabilizes at 4100 points, recording 16 consecutive gains! Trading volume surpasses 3 trillion for the fifth time in history.

On January 9th, the three major A-share indexes collectively closed higher, with the Shanghai Composite Index stabilizing above 4100 points and recording its 16th consecutive day of gains, setting a new high for over 10 years. Over 3900 individual stocks in the market rose, with over a hundred stocks hitting their daily limit for two consecutive days. By the close of trading, the Shanghai Composite Index rose by 0.92%, the Shenzhen Component Index rose by 1.15%, and the Growth Enterprise Index rose by 0.77%. It is worth noting that the trading volume in the two markets exceeded 3 trillion yuan, breaking the 3 trillion mark for the first time this year after 73 trading days, marking the fifth time in history that the trading volume has exceeded 3 trillion yuan. Previously, the trading volume in the two markets had exceeded 3 trillion yuan on four occasions on October 8, 2024, August 25, 2025, August 27, 2025, and September 18, 2025. Huatai believes that in terms of liquidity, the market's trading volume has been consistently above 2.5 trillion yuan since the New Year, and the record high volume indicates that there is strong capital support, with some investors willing to pay a premium. Therefore, even in the event of a subsequent market correction, the magnitude may be relatively limited, and the upward trend in the index remains unchanged. Looking at the market, there was a surge in AI applications, with short video games, media, AI healthcare, and AI intelligent bodies leading the way, with over 20 stocks including Kunlun Tech and Easy Click Worldwide Network Technology hitting their daily limit. The commercial aerospace sector remains active, driving gains in the military industry sector, with Luxin Venture Capital Group hitting its daily limit for the 11th day and Jiangsu Yinhe Electronics seeing a 5-day consecutive increase. The controllable nuclear fusion concept continued to be strong, with Ningbo Techmation and China First Heavy Industries hitting their daily limit for the third consecutive day. On the downside, sectors such as insurance, photovoltaics, airport shipping, and banking were in the red. In terms of individual stocks, Zhejiang Fenglong Electric soared with 11 consecutive daily limit increases, surpassing the 10 consecutive daily limit record of Swancor Advanced Materials Co., Ltd. from 2025. This surge was tied to its acquisition of "the first stock of humanoid Siasun Robot & Automation" UBTECH ROBOTICS. The company announced on January 8 that if the stock price continues to rise abnormally in the future, the company may apply for a trading halt for investigation. Looking ahead, Shenwan Hongyuan Group stated that the judgment of the "two-stage bull market" remains unchanged: the 25-year bull market 1.0 (technology-led bull market) is temporarily in a high area, currently in a quarterly level of high volatility stage, and the possibility of triggering an adjustment to the "doubtful bull market level" should be monitored. Popular sectors: 1. AI applications surge again 2. Commercial aerospace sector remains active 3. Concept of humanoid Siasun Robot&Automation on the rise Institutional viewpoints: 1. CMSC: The probability of the A-share market continuing the spring offensive in January is high. 2. Huatai: The index will control its pace in the short term, but the long-term upward trend remains unchanged. 3. EB SECURITIES: The recent cumulative increase in the index is significant, and there may be a period of consolidation and correction in the near future.