In the Year of the Snake, the main sectors of A-shares are showing a general rise, with the non-ferrous metal sector having a cumulative increase of over 100%.
Statistics show that in the just passed Year of the Snake trading cycle in the A-share market, the main indices have risen to varying degrees, with the Shanghai Composite Index rising by 25.58% cumulatively. In terms of industry sector performance, the major sectors have shown a general upward trend during the Year of the Snake trading cycle. According to Wind statistics, based on the Shenwan first-level industry classification, the non-ferrous metals sector has outperformed, with a cumulative increase of over 100%. The defense industry sector followed, with a cumulative increase of nearly 80%. The performance of the telecommunication, electric equipment, electronic, mechanical equipment, building materials, basic chemical industry, light industry manufacturing, and building decoration sectors has also been good, with cumulative increases of over 50%. The banking sector had a weaker performance, with a cumulative increase of less than 10%. In addition, during the above-mentioned statistical period, the sectors of food and beverage, non-banking financial institutions, transportation, social services, and retail trade also showed relatively lagging performance.
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