A-share market review | Internal and external factors resonate to boost a major surge! A-shares are soaring again, with the ChiNext index rising by 3.78% to a new high in over four years.

On April 10, the three major indexes of the stock market opened high and closed higher for the day, with most thematic concepts rebounding and over 3900 individual stocks rising in the entire market. By the close of the day, the Shanghai Composite Index rose by 0.51%, the Shenzhen Component Index rose by 2.24%, and the ChiNext Index rose by 3.78%, reaching a new high since December 2021. The ChiNext 50 Index surged by over 4%, hitting a 10-year high. The total turnover of the Shanghai and Shenzhen stock markets was 2.32 trillion yuan, with an increase of 188.8 billion yuan compared to the previous trading day. According to the morning performance of A-shares and public information, the main reasons for the market's strength are as follows: Firstly, investors continued to focus on whether the ceasefire agreement in the Middle East could be sustained. Israel agreeing to direct talks with Lebanon boosted market optimism. Secondly, the market speculation focus clearly shifted to first-quarter earnings. CITIC SEC, a leading brokerage firm, released its first-quarter 2026 performance report, showing a significant increase in revenue and net profit by 40.91% and 54.60% respectively compared to the previous year, far exceeding market expectations. This "report card" not only drove the company's stock price to soar nearly 10% at one point, but also activated the entire brokerage sector, considered a "bull market leader," and led the large financial sector to rebound significantly. In addition, impressive first-quarter earnings forecasts released by companies like Canmax Technologies and ORG Technology stimulated a surge in related individual stocks, reinforcing the logic of performance-driven trends. Looking ahead, Hongde Fund stated that as tensions in the Middle East ease, A-shares are returning to their own narrative trend. In the short term, technology growth stocks that suffered the most damage previously may have greater resilience in the recovery direction. Dongxing also believes that the intensity of war-related disturbances will gradually decrease, and the best time for the opening positions in growth stocks for the whole year is expected to emerge. In terms of the stock market, the entire lith...