A-share review | GEM index opened high and rose 3.41%, computing power hardware exploded collectively

The Zhitong Finance App learned that on September 7, the three major A-share indices collectively closed higher, the Double Innovation Index opened higher and led the rise, and the Shanghai Index rallied higher and basically leveled off. At the close, the Shanghai Stock Exchange Index reported 3932.70 points, up 0.07%; Shenzhen Stock Exchange reported 13774.91 points, up 1.91%; GEM reported 3398.68 points, up 3.41%; Science and Innovation 50 reported 1615.53 points, up 2.42%; and Beijing Securities 50 reported 1096.85 points, up 0.85%. The daily turnover of the Shanghai and Shenzhen markets was 1946,019 billion yuan, down about 84.649 billion yuan from the previous trading day. Individual stocks rose by 3167 and fell by 2,196 in the entire market, rising and stopping 95 and falling by 2. The number of companies that rose accounted for about 57%. In terms of sectors, CPO (co-packaged optical modules), PCBs, components, electronic chemicals, optical modules, storage chips, agriculture, forestry, animal husbandry, fishing, etc. had the highest gains; precious metals, insurance, coal, securities, kitchen and bathroom appliances registered the highest declines.

Drivers

On the same day, the Shuangchuang Index led the way, and the Shanghai Index basically leveled off. The market style was significantly divided. First, there was a collective explosion in the direction of computing power and hardware. CPO, optical modules, PCBs, components, electronic chemicals, and memory chips saw the highest increase. Zhongji Xuchuang rose more than 10%, ranked first in the two markets, and returned to 1 trillion yuan in market capitalization. Goldman Sachs covered Zhongji Xuchuang H shares for the first time on September 7 and gave it a “buy” rating and a 12-month target price of HK$3,267. In addition, OpenAI released GPT-6 Astra to boost AI investment sentiment. The US optical communications sector rose more than 3% last Friday. Second, the agricultural sector rebounded. On September 7, six departments including Yasheng Group, the Dunhuang seed industry and the Jinjian rice industry rose and stopped, and the Ministry of Agriculture and Rural Affairs jointly issued the “Implementation Plan for Adhering to Priority Development of Agriculture and Rural Areas and Improving the Investment Mechanism for Rural Revitalization”. Third, the major consumer sector fluctuated and increased, leading the way in retail and tourism. Seven departments including Zhongbai Group, Central Shopping Mall, Baida Group, Guilin Tourism, and Huatian Hotel rose and stopped, and the Ministry of Commerce issued implementation opinions on August 31 to promote the expansion and upgrading of commodity consumption. Fourth, the media sector fluctuated and increased, with Dragon Media 6 consecutive boards and China Publishing 2 consecutive boards.

Popular sector aspects

1. CPO/optical module: the sector explodes collectively. Zhongji Xuchuang rose more than 10%, ranking first in the two markets. Xinyisheng rose 8.08%, Tianfu Communications rose 7.36%, Yuanjie Technology rose 16.10%, and Xunjiexing 20CM rose and stopped. Goldman Sachs first covered Zhongji Xuchuang H shares on September 7 and gave it a “buy” rating and a 12-month target price of HK$3,267. Combined with OpenAI's release of GPT-6 Astra and the rise in the US stock optical communications sector last Friday.

2. Agriculture: Yasheng Group has 3 consecutive boards, and the Dunhuang seed industry and Jinjian rice industry have risen and stopped. On September 7, six departments including the Ministry of Agriculture and Rural Affairs jointly issued the “Implementation Plan for Adhering to Priority Development of Agriculture and Rural Areas and Improving Investment Mechanisms for Rural Revitalization”, which clearly establishes a rural revitalization investment mechanism with reasonable structure, scientific methods, and equal emphasis on quality and efficiency by 2030.

3. Big consumption: Retail and tourism led the way, with Zhongbai Group, Central Shopping Mall, Baida Group, Guilin Travel, and Huatian Hotel rising and falling. The Ministry of Commerce and 7 other departments issued implementation opinions on August 31 to promote the expansion and upgrading of commodity consumption, proposing that the total retail sales of social consumer goods will reach about 60 trillion yuan by 2030.

Adjust the section

Sectors such as precious metals, insurance, coal, securities, kitchen and bathroom appliances registered the highest declines. Among them, the precious metals sector opened lower and moved lower. In terms of individual stocks, Hunan Baiyin fell 4.63%, Xiangcai shares fell 5.31%, China Coal Energy fell 4.28%, Zhaojin Gold fell 3.92%, and Shandong Gold fell 3.83%. Sectors such as precious metals and insurance all had large gains in the previous period, with the highest declines on the same day.