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today, a-shares accelerated their rise, stimulated by the implementation of consecutive major policies last weekend. the science and technology innovation 50 index soared 17.88%, and the chinext index surged 15.36%, both hitting record highs. the shanghai composite index stood at 3100 points at the opening. it has continuously exceeded the 3,200-point and 3,300-point integer mark, and the shenzhen component index has also successfully regained the 10,000-point mark, both setting new highs in more than a year.

a-shares soared across the board, the market was hot, and related topic words instantly topped the list of hot searches. investors rushed to enter the market. the person in charge of the sales department of a brokerage said that among the investors who opened new accounts in the past week, the "post-00s" and "post-90s" accounted for more than 70%. some brokerage firms were on duty during the national day to welcome the account opening boom.

on the market, all industry sectors rose again. more than 200 concept sectors such as 100-yuan stocks, semiconductors, xinchuang, and automotive chips rose by more than 10%. the banking sector, which had the smallest increase, also rose by 3.79%. more than 5,100 stocks in the two cities rose, more than half of the stocks rose by their daily limit or more than 10%, and only 8 st stocks fell.

both shanghai and shenzhen stock markets exceeded one trillion yuan, with a total transaction volume of 2.61 trillion yuan, a record high. the turnover of the science and technology innovation board reached 162.6 billion yuan, an increase of nearly 40% from the historical high. after the gem's turnover hit a record high on the previous trading day, it set a new record today.

wind real-time monitoring data shows that all shenwan first-level industries have received a net inflow of main funds. non-bank finance has received an astonishing net inflow of more than 37.3 billion yuan of main funds. computers have also received a huge net inflow of more than 21.5 billion yuan. electronics has also received over 21.5 billion yuan. there was a net inflow of 15.9 billion yuan, and industries such as medicine and biology, power equipment, food and beverages all received a net inflow of more than 5 billion yuan.

looking forward to the market outlook, guotai junan said that the a-share market has ushered in an epic rebound. the logical focus of this round of stock market conditions is not on the sharp upward revision of economic expectations, but on the decline in risk-free interest rates that promotes incremental capital inflows, and investors’ changes in risk outlook expectations. risk appetite is expected to increase. referring to the market height of the change in policy attitude in 2019, there is still some room for upward growth in the valuation of the shanghai stock exchange. heavyweight stocks are filling the pricing depression. after the transactions are amplified, the weight will set the stage for growth, and excess returns are expected to shift to growth stocks.

western securities pointed out that because the short-term rise is too fast and too large, the short-term general trend also has divergent needs. however, considering the strong intensity of this round of policies, the expected increase in incremental funds, the positive drive of the macro environment, and the optimistic expectations, it reverses when it hits the bottom, so it is difficult to form an a-shaped downward trend. it is expected that it will first experience a period of divergence and shock after rising, and then it is expected to rise again.

driven by the frenzied atmosphere in the market, changlian technology, a new stock listed today, soared. it was stopped twice during the session, but failed to stop its rise. it reached a maximum of 408 yuan during the session, an increase of 1832%. as of the close, the gains had retraced slightly, but still soared 1,704%. if calculated based on the highest price, winning the first lottery can make a profit of 193,400 yuan, making it the most profitable new stock in the year.

according to the prospectus, the profit model of changlian technology is that the company provides customers with overall textile printing solutions including printing materials and printing equipment, thereby obtaining income and cash flow and achieving profitability, that is, by purchasing acrylic monomers, titanium dioxide, and auxiliary materials. agents and other raw materials, using the company's core technology to produce products that meet customer requirements, and sell them to customers at home and abroad.

changlian technology's water-based printing glue production and sales are at the forefront of domestic peers. according to third-party statistics, changlian technology's domestic market share has increased from 10.3% in 2018 to 11.5% in 2022, ranking first in both 2020 and 2022. .

the popularity of the market caused all stocks of brokerage stocks, known as the "bull market standard bearer", to reach their daily limit together in a rare manner today, and more than 10 related etfs also reached their daily limit strongly.

cdb securities believes that this china securities regulatory commission speech is mainly to implement how to improve the capital market to support high-quality economic development, reflect the functionality of the capital market and intermediaries, and have a profound impact on the medium and long-term development of the securities industry. it is expected that with the implementation of the three new policies of mergers and acquisitions, medium- and long-term capital entry into the market, and market value management, the functionality of securities firms will be rapidly improved and their performance is expected to improve significantly. it is recommended that we continue to pay attention to the improvement of the bottom line of securities companies' performance and valuation and the supply-side reform of the industry.