On May 6th, A-shares experienced a "good start" on the first trading day of May. The Shanghai Composite Index rose more than 1%, reaching 3300 points; The Shenzhen Component Index and ChiNext Index both rose nearly 2%. More than 4900 stocks in the entire A-share market rose, with over 140 stocks hitting the limit up. On May 6th, the trading volume of the A-share market exceeded 1.3 trillion yuan, significantly higher than the daily trading level in the past half month. The sentiment of funds has significantly rebounded, with the net inflow of main funds in the Shanghai and Shenzhen stock markets exceeding 25.5 billion yuan, reaching a new high in nearly two months. On May 6th, the A-share market opened high and rose. According to Wind data, as of the close of the day, the Shanghai Composite Index, Shenzhen Component Index, ChiNext Index, Sci Tech Innovation 50, and Beijing Stock Exchange 50 rose 1.13%, 1.84%, 1.97%, 1.39%, and 3.21% respectively. The Shanghai Composite Index closed at 3316.11 points, rising above 3300 points, while the ChiNext Index closed at 1986.41 points. The Shanghai Stock Exchange 50 and Shanghai and Shenzhen 300, which are concentrated in heavyweight stocks, rose by 0.55% and 1.01% respectively; The CSI 1000 and CSI 2000, which are concentrated in small and micro cap stocks, rose 2.57% and 3.25% respectively. The market has seen a trend of "heavyweight stocks taking the stage, theme stocks singing the opera". The concept sectors of rare earth permanent magnets, HarmonyOS, computing power, and controllable nuclear fusion are showing active performance. In the Shenwan level industry, except for the banking sector which fell 0.13%, all other sectors have risen, with the computer, communication, and comprehensive sectors leading the way with gains of 3.65%, 3.59%, and 3.38%, respectively. Several stocks in the computer sector have hit the limit up. In addition, the mechanical equipment sector rose by over 3%. On that day, A-shares saw high trading volume, with a turnover of 1.36 trillion yuan, an increase of 171.4 billion yuan from the previous trading day. The A-share market saw 4962 stocks rise and 143 stocks hit the limit up. From a financial perspective, the A-share market saw a significant rebound in sentiment on that day. According to Wind data, on May 6th, the net inflow of main funds in the Shanghai and Shenzhen stock markets reached 25.533 billion yuan, a new high in nearly two months. In the first tier industries of Shenwan, 23 industries showed a trend of net inflow of main funds, with the computer, electronics, and mechanical equipment sectors ranking first in terms of net inflow of main funds, with 5.736 billion yuan, 4.405 billion yuan, and 2.278 billion yuan respectively; The net inflow of main funds from non bank finance and non-ferrous metal sectors both exceeded 2 billion yuan. According to Wind data, as of the close on May 6th, the rolling P/E ratio of Wande QuanA was 18.78 times, and the rolling P/E ratio of Shanghai and Shenzhen 300 was 12.30 times. Industry insiders believe that A-share valuations still have cost-effectiveness. (New Society)