Policy effects gradually emerge, and A-shares continue to rise
The impact of a series of favorable policies on A-shares is still ongoing. On August 29th, the three major A-share indexes collectively rose, with the Shanghai Composite Index rising 1.2% to close at 3135.89 points; The Shenzhen Composite Index rose 2.17% to close at 10454.98 points; The ChiNext Index rose 2.82% to close at 2118.19 points. It is worth mentioning that the Science and Technology Innovation Board has performed well, with the Science and Technology Innovation 50 Index rising by over 4%.
The market transaction volume once again exceeded one trillion yuan, reaching 1037.1 billion yuan.
According to Wind statistics, a total of 4734 stocks in the two markets rose, 453 fell, and 62 remained flat. The industry sector is showing a general upward trend, with the automotive sector ranking among the top performers.
The effects of combination policies are gradually becoming apparent. On August 28th, several listed companies announced the early termination of their reduction plans. At the same time, the market transaction volume has continuously exceeded one trillion yuan, which also proves that incremental funds are entering the market.
Huaxia Fund believes that both the signal significance and the unexpected strength of this policy portfolio are confirmation of the high cost-effectiveness of the equity market, which can boost market confidence in the current market region.