On August 13, the A-share market closed with across-the-board gains, marking a significant milestone. The Shanghai Composite Index reached a new high for 2024 and set a fresh three-year peak, while the ChiNext Index surged over 3%, achieving a nearly 10-month high. Over 2,700 stocks recorded gains, with a notable hundred stocks hitting their daily price limits. Sectors including CPO, optical chips, and high-frequency PCBs exhibited robust performance. Notably, the daily turnover in the A-share market hit 2.18 trillion yuan, surpassing a five-month high.

Analysts attribute the Shanghai Composite Index's breakthrough past the 3,674.40-point mark to the synergistic impact of multiple positive factors. Notably, the margin balance soared to a new decade-high, signaling a steady recovery in individual investors' risk appetite and positioning the market firmly in an upward trajectory.