The Growth Enterprise Market Index rose sharply by 9.5% throughout the week, with a large number of telecommunications equipment stocks reaching historic highs.

This week, A-shares rose sharply, with the ChiNext Index particularly active, rising by 9.5% for the week to a new high since December 2021; the Shenzhen Component Index surged by over 7%, marking the largest weekly gain in nearly a year and a half; the Shanghai Composite Index, the STAR Market Index, and the SSE 50 Index all showed significant increases. Due to the Qingming Festival holiday, there was one less trading day this week, with a total turnover of only 8.56 trillion yuan for the week. Leveraged funds heavily increased their positions by over 27.4 billion yuan this week, ending three consecutive weeks of net selling. The electronics industry received over 12.4 billion yuan in net financing, the communication industry received over 5.1 billion yuan in net buying, the machinery equipment and power equipment industries received over 20 billion yuan in net buying, and the nonferrous metals and pharmaceutical biotechnology industries received over 10 billion yuan in net buying. The basic chemical industry saw a net selling of 4.12 billion yuan, the petroleum and petrochemical industry saw a net selling of 3.24 billion yuan, and the coal industry saw a net selling of 1.76 billion yuan. Communication equipment concept stocks were active this week, with the sector index ending the week in the red, with three consecutive days of hitting historical highs. Huizhong Communication rose by the daily limit for 5 out of 6 days, Yongding Stock rose by the daily limit for 3 out of 7 days, Hengtong Optical-electric, FIBA, Changfei Optoelectronics, and Shijia Guangzi, among others, saw 12 stocks hitting historical highs.