A-shares closing: The Shanghai Composite Index surged 1.81% with increased volume, reaching a new high for the year, as the consumer and financial sectors collectively exploded

The A-share market fluctuated strongly throughout the day, with the three major indices rising significantly on increased volume. The Shanghai Composite Index returned to 3,400 points, setting a new high for the year. The consumer sector saw a broad surge, with baby and dairy industries leading the gains. Stocks such as PANDAIRY, Kidswant, WESTERN ANIMAL, Royal Group, Beingmate, and NHD all hit the daily limit. The large financial sector also strengthened collectively, with stocks like New China Life Insurance, Tianmao Group, Cinda Securities, Nanhua Futures, Ruida Futures, and New Power Financial all closing at the limit. Individual stocks showed a general upward trend, with today's trading volume reaching 1.84 trillion yuan. By the close, the Shanghai Composite Index rose by 1.81%, the Shenzhen Component Index increased by 2.26%, and the ChiNext Index climbed by 2.80%