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ifeng finance "investment observation"

unexpectedly, the trading volume record set by a-shares around 5,000 points in the 2015 bull market was broken nine years later at more than 3,000 points.

today, the shanghai composite index closed up 8.06% and stood firm at 3,300 points; the chinext index, science and technology innovation 50 index, and beijing securities 50 index all closed up more than 15%, setting a new record for the best results simultaneously. nearly 40 industry etfs hit their daily limits, and more than 3,000 stocks rose by more than 9%.

it is worth mentioning that in these short five trading days, all major indexes in the a-share market have achieved substantial gains. the shanghai composite index, the shenzhen composite component index and the chinext index all hit recent new highs. among them, the chinext index and the science and technology innovation board index both experienced a single-day increase of more than 15%, setting a record for the largest single-day increase in history. as the index soared, the money-making effect of the a-share market began to appear, investors' enthusiasm was quickly ignited, the number of account openings increased significantly, and the pressure on securities companies to open account openings also increased.

it was reported on the internet that the number of people queuing up to open accounts without review by a certain brokerage firm was 1.4 million. although the brokerage later refuted the rumor, it also reflected investors' high sentiment towards a-shares.

rising investor sentiment has boosted the market value of a-shares in shanghai, shenzhen and beijing. data shows that from after-hours on september 23 to after-hours on september 30 (5 trading days), the total market value of a-shares increased by approximately 15.53 trillion yuan, which is consistent with canada’s total gdp in 2023 of 2.14 trillion. the u.s. dollar (approximately 15.02 trillion yuan) is comparable.

of course, there is no direct comparability between the growth of the stock market value and the country's gdp, but the rise of the stock market can indeed bring about a certain wealth effect.

in addition, today’s a-share trading volume exceeded 2.61 trillion yuan, a record high.

what is the concept of 2.6 trillion yuan?

for example, before this round of rise in the shanghai composite index, on september 23, the whole-day turnover was only 235.2 billion yuan, which was the total turnover of the shanghai, shenzhen and beijing cities. in the four trading days after the mid-autumn festival, the total trading volume of shanghai, shenzhen and beijing was 2.24 trillion yuan. today’s trading volume far exceeded the total trading volume in the four trading days before this round of market surge.