On the afternoon of September 30, trading volume on the Shanghai and Shenzhen exchanges exceeded 2 trillion yuan, increasing by over 850 billion yuan compared to the previous day at the same time, marking the highest trading volume since June 15, 2015.

Today, the A-share market was vibrant, with numerous stocks hitting their daily limits! Within just 35 minutes of opening, the trading volume on both exchanges surpassed 1 trillion yuan, setting a new record for the fastest reach to this milestone.

By the close, the Shanghai Composite Index on September 30 (Monday) rose by 248.97 points, an increase of 8.06%, closing at 3,336.5 points; the Shenzhen Component Index closed up 1,014.89 points, a 10.67% increase, at 10,529.76 points; the CSI 300 Index closed up 314.17 points, an 8.48% increase, at 4,017.85 points; the ChiNext Index closed up 289.6 points, a 15.36% increase, at 2,175.09 points; and the STAR 50 Index closed up 132.35 points, a 17.88% increase, at 872.37 points.

In terms of sectors, the Huawei supply chain collectively strengthened, with gains in Huawei’s Euler, Ascend, Kunpeng, and Harmony technologies leading the way. Stocks like Changliang Technology and Ruijun Power surged to their daily limits. The financial sector, driven by brokerage and internet finance concepts, also saw significant activity, with stocks like Huaxin Yongdao and Airun Software reaching 30% limits, while Dongfang Caifu, Yinzhi Jie, and others surged to 20% limits.

Additionally, sectors related to fiscal reform, data security, and smart governance saw explosive growth, with stocks like Kela Software and Tianji Technology hitting their daily limits. The semiconductor and lithography sectors also climbed before noon, with stocks like Guomin Technology and JieJie Microelectronics reaching 20% limits. New stocks performed strongly, with the new IPO N Changlian surging over 750% during the day. The real estate sector saw significant gains again, with Sunshine Co. achieving five consecutive limits and Hefei Construction four. Liquor stocks ignited the consumer sector, with stocks like Luzhou Laojiao, Yanshi Co., and Shanxi Fenjiu hitting three consecutive limits. CRO and other pharmaceutical stocks rebounded, with stocks like Haoyuan Pharmaceutical and Yinuosi reaching their daily limits.

Such massive trading volumes put considerable pressure on brokerage trading software, leading to reports of delays in bank-securities transfers from multiple brokerages. A senior executive from a brokerage told the Securities Times that bank-securities transfers were stable, with only minor temporary issues affecting a few banks, impacting very few clients. The issues were likely caused by high concurrency in the banking system.

Earlier today, some users reported that a brokerage's app displayed a blank trading interface and was unable to execute trades. Customer service indicated that the high volume of orders had caused the trading software to crash. Similar problems were reported across several brokerage apps. However, according to the latest updates from the Securities Times, these trading platforms have returned to normal functionality.

In this hot market environment, brokerage stocks, known as the bellwethers of the bull market, have surged, including stocks like Dongfang Caifu, Changjiang Securities, Bank of China Securities, Tianfeng Securities, Guohai Securities, China Galaxy, and CITIC Securities.

The booming market has impacted trading software, pushing trading volume on the exchanges to surpass 1.5 trillion yuan.

The market frenzy began with bank-securities transfers. On the morning of September 30, multiple brokerages reported to the Securities Times that some investors faced issues with bank-securities transfers, with many unable to complete transfers involving several major state-owned banks.

A senior executive from a brokerage mentioned that their bank-securities transfers were stable, with only temporary issues from some banks, affecting very few clients. They were assessing the situation with the banks and implementing measures such as unfreezing accounts.

"It’s been hectic; everyone is really excited," said a staff member at a brokerage, noting that various error messages started coming in before the market opened. Although they hadn’t encountered issues with clients yet, there was a mix of excitement and pressure.

During trading hours, some brokerage apps experienced login failures and blank market displays. However, the latest information indicates that the issues faced by several brokerages have been resolved and normal operations have resumed.

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