A-share midday trading | The three major indices had mixed ups and downs, leading to a standstill in consumption and agriculture

The Zhitong Finance App learned that on September 1, the three major A-share indices had mixed ups and downs (the Shanghai index opened 0.16% lower, the Shenzhen index opened 0.02% higher, the GEM index opened 0.10% lower), the Shanghai index became popular in early trading, and the Shenzhen index and the GEM index fluctuated and weakened. The market showed a pattern of “mixed increases and falls, individual stocks generally rising, large consumption and agriculture strengthening, and technology stocks recovering”. By the midday close, the Shanghai Index had risen 0.03% to 3987.56 points, the Shenzhen Index fell 0.58% to 13933.11 points, and the GEM index fell 0.92% to 3407.04 points. The Science Innovation 50 Index fell 1.48%. More than 3,500 individual stocks rose in the entire market, 68 rose or stopped, and 1 fell to a halt. The half-day turnover of the Shanghai and Shenzhen markets was 1.35 trillion yuan. The main capital in early trading flowed into sectors such as agriculture, forestry, animal husbandry and fishing, trade and retail, and non-bank finance, and net outflows from the electronics, semiconductor, and communications sectors. Of these, the net outflow from the electronics sector exceeded 17.1 billion yuan.

Overview of the plate

Hot spots rotate quickly on the plate. On the upward side, sectors such as big consumption (retail, liquor), agricultural cultivation, short dramas and AI applications, and securities showed active performance; on the downside, due to fluctuating adjustments in the PCB concept, Fangbang Co., Ltd., Nanya New Materials, and Sino-British Technology fell one after another. Semiconductor chips, computing power hardware, robots, etc. had leading declines, dragging down the Science and Technology Innovation 50 Index. Overall, the index diverges from individual stock trends. Individual stocks are rising and falling less, and capital is flowing out of high-ranking technologies such as electronics and semiconductors, to lower levels of consumption, agriculture, forestry, animal husbandry and fishing, and non-bank finance.

Popular sections

1. The big consumer sector bucked the trend and strengthened

The consumer sector bucked the trend and strengthened, leading in the direction of retail and liquor. Maoye Commercial, Guofang Group, Xinhua Department Store, Guoguang Chain, Xi'an Catering, and Jiahe Foods rose and stopped. Among them, China Fang Group went up and down, Dongbai Group went up and down, Gujing Gongjiu rose and stopped, and liquor stocks such as Jinshiyuan, Shanxi Fenjiu, and Wuliangye continued to rise.

Comment: According to the news, according to CCTV news, 7 departments including the Ministry of Commerce issued the “Implementation Opinions on Promoting the Expansion and Upgrading of Product Consumption” on August 31, proposing 20 specific measures, making it clear that the total retail sales of social consumer goods will reach about 60 trillion yuan by 2030 to cultivate and form a 10-trillion dollar market for green consumption, smart consumption, and healthy consumption.

2. The agricultural planting sector set off a tide of growth and stagnation

The agricultural sector rebounded, and the grain concept set off a tidal wave. Xinsai Co., Ltd. had 4 consecutive boards, Fujian Jinsen 3 consecutive boards, and Shennong Seed Industry rose and stopped by 20cm, while many stocks such as Beijing Food Holdings, Wanxiang Denong, Longping Hi-Tech, Nongfa Seed Industry, Dunhuang Seed Industry, Denghai Seed Industry, Shenzhen Grain Holdings, and Jinjian Rice Industry rose and stopped.

Comment: According to media reports, the Bloomberg Agricultural Spot Index, which tracks 10 major agricultural products, has accumulated a cumulative increase of more than 13% in August, which is expected to be the biggest monthly increase since July 2012; due to the blockage of grain exports from Black Sea ports, wheat prices rose to the highest level in three years, and sugar and cocoa prices rose by about 20%; the El Niño phenomenon intensified, further increasing market concerns about weather disturbances.

3. Skits and AI application concepts continue to be strong

The short drama concept continues to be strong. Mango Supermedia's 20cm rise and fall out of 2 consecutive boards, with Huanrui Century, Zhongguang Tianze, and Dasheng Culture rising and stopping; AI applications pulled up in the market, watching technology and competition from afar, and retreated after hitting ups and downs in the OneNet One Innovation market.

Comment: According to news, the first domestic AI drama “Journey to the West” landed on Hunan TV Gold and launched on Mango TV on August 31. The drama used AIGC to complete the images and character interpretation; according to media reports, Keling received 1.4 billion yuan in cash from the National Artificial Intelligence Fund, a year-on-year increase in revenue in the second quarter, and the Ministry of Information Processing deployed artificial intelligence application service providers to cultivate special actions. The AI video generation cost reduction logic once again strengthened expectations for the short drama industry.

4. The securities sector showed active performance

The securities sector rose due to intraday changes. Hualin Securities rose and stopped, while Guoyuan Securities, Xiangcai Shares, GF Securities, and Oriental Wealth followed suit.

Comment: According to the news, the semi-annual reports of listed brokerage firms have been disclosed. Benefiting from the recovery of the market, the brokers' performance continued to grow at a high rate in the first half of the year. Among them, the net profit of the two leading brokerage firms, CITIC Securities and Cathay Pacific Haitong, both exceeded 20 billion yuan.