狭义上指旧上海时代，上海股票市场是上海资本市场的一个组成部分。在上海，有10多家证券交易所按证券交易法注册，被列为全国性的交易所。广义的也包括新上海时代的上海证券交易所，主要是股票交易。
上海股票市场则从去年十月历史高点暴跌70%。
The Shanghai stock market is down roughly 70% from its all-time high in October of last year.
鉴于当日上海股票市场涨势是七周以来最好的一天，或许这推测已成事实。
Given that the Shanghai market had its best showing for seven weeks that day, perhaps this has already happened.
研究同时发现，上海股票市场具有很强的规模效应和价值效应。
This paper also finds that scale effect and value effect exist in Shanghai stock market.
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