The market is showing signs of a long-awaited rebound as the index rose sharply across the board in the afternoon. The Shanghai Stock Exchange Index rose more than 3% on heavy volume, while the Shenzhen Component Index and ChiNext Index surged by over 6%. The CSI 1000 Index even saw the largest single-day increase in history, rising by 8.1% in the afternoon. The Mass Entrepreneurship and Small Ticket Index led the gains strongly, prompting the question of whether this style will prevail at this stage.
In terms of funds, the transaction volume in the three cities reached 936.3 billion yuan, with the net purchase of northbound funds exceeding 12.6 billion yuan. Sectors such as pharmaceuticals and medical care, large consumer goods, CPOs, and securities firms emerged as top gainers, while real estate, major infrastructure, education, textiles, and clothing sectors took a hit.
Individual stocks also saw a significant rise, with over 600 stocks increasing by more than 9%. The policy continues to be favorable, with a 72% profit-making effect, raising questions about whether the market has already hit its bottom.
On the market, large financial stocks collectively strengthened, while pharmaceutical stocks rebounded, led by innovative drugs. Rare earth and lithium mining stocks also saw activity during the session, as did computing power concept stocks.
Experts have differing viewpoints on the market’s future, with Zhang Yunlei suggesting that policies have restored confidence and blocked the source of short selling, leading to a continued market rebound. Meanwhile, Tao Ran emphasizes the need to continue paying attention to the direction of new productivity.
As the market continues to show signs of recovery, investors are left to ponder how to operate in the short term and whether the rebound can be sustained.