Market Close: The Shanghai Composite Index rose by 2.7% on increased volume, with sectors such as insurance and brokerage leading the rally, and semiconductors and other sectors showing strong performance.

On April 8th, major stock indices across both markets all rose, with the Shanghai Composite Index rising over 2% on increased volume, approaching the 4,000-point mark, the ChiNext Index surged nearly 6%, and over 5,100 A-shares were in the green.

By the close, the Shanghai Composite Index increased by 2.7% to 3,995 points, the Shenzhen Component Index rose by 4.79%, the ChiNext Index gained 5.91%, and the STAR Market Composite Index increased by 5.64%, with a total trading volume of approximately 24.5 trillion yuan across the Shanghai, Shenzhen, and Beijing markets.

In terms of sectors, semiconductors, insurance, non-ferrous metals, media, automobiles, and securities firms declined, while sectors such as computing power, CPO concepts, storage chips, and AI applications were active, and the oil sector declined against the trend.

CMB International Securities pointed out that April is a window for the disclosure of quarterly and annual reports, and the market is shifting from chasing themes to focusing on performance, making a large-cap style more likely to outperform. Specifically, this year, in the first-quarter earnings disclosures, the performance of the AI industry chain is still expected to maintain relatively high growth. Additionally, the cyclical sectors with rising prices are also expected to achieve high performance growth, meaning both value-oriented and growth-oriented sectors are seeing some industries with high earnings growth. Based on this, the market’s growth and value styles in April may continue to present a relatively balanced state, with large-cap style being more dominant.