A-share review | GEM index fell 2.68%, local Fujian stocks bucked the trend and strengthened
The Zhitong Finance App learned that on September 24, the three major A-share indices collectively opened low and fluctuated throughout the day, and local stocks in Fujian fluctuated and increased at the end of the session. At the close, the Shanghai Index reported 3888.37 points, down 1.22%; Shenzhen Stock Exchange reported 13316.97 points, down 2.34%; GEM reported 3288.95 points, down 2.68%; Science and Innovation 50 reported 1621.87 points, down 2.35%; and Beijing Securities 50 reported 1055.74 points, down 1.70%. The turnover of the Shanghai and Shenzhen markets was 1653.357 billion yuan, down 111,619 billion yuan from the previous trading day. In the two markets, 1,120 individual stocks rose, 4,306 stocks fell, and 143 traded flat. Of these, 53 rose or stopped, and 16 fell to a halt, accounting for about 20% of the rising stocks. In terms of sectors, textile manufacturing, coke, wind power equipment, education, shipbuilding, forestry carbon sinks, etc. had the highest gains; copper clad sheets, precious metals, components, energy metals, PCB concepts, chemicals and pharmaceuticals registered the highest declines.
driving factors
The market on the same day consists of three verifiable information: First, the US S&P global manufacturing PMI rose to 57 in September, the service industry PMI rose to 58.7, the initial composite PMI rose to 58.4, the US dollar index strengthened, and the precious metals sector weighed under pressure and closed down 5.03%; second, the copper clad plate concept, and computing power materials and components declined the highest. The copper clad plate concept closed down 5.05%, the component industry closed down 4.48%, and the PCB concept closed down 3.11% on September 23. (+3.13%), same day The decline rate was the highest, and the internal rotation characteristics of the sector were obvious; third, according to the news, at the “Start of the Year” series press conference of the State Information Office on September 22, the Ministry of Natural Resources proposed that the country's gross marine product will exceed 13 trillion yuan by 2030, the installed capacity of offshore wind power will double to 100 million kilowatts, and the wind power equipment sector rose 1.25% on the same day. At the same time, CEO Tesla Musk gave a long-term forecast for humanoid robot shipments in an exclusive interview with CCTV on September 23. Dongli, Ningbo, etc. Many stocks went up and down. Furthermore, the turnover of the Shanghai and Shenzhen markets shrank for the second consecutive trading day, falling more than 480 billion yuan from the high of 213.55 billion yuan on September 22.
Popular sector aspects
1. [Fujian Local Stock] fluctuated and rose at the end of the session, and many stocks were blocked and stopped. Straits Innovation rose and stopped at 20CM (+19.98%), Pingtan Development (+10.03%), Xiamen Port (+9.98%), and Zhangzhou Development (+10.08%), Fujian Cement (+9.97%) in a row, and road and bridge information rose and stopped at 30CM (+29.99%). According to the news, the Fujian Provincial People's Government issued the “Implementation Plan for the Construction of the Beautiful China Pioneer Zone in Fujian Province”, which proposes to basically build the Beautiful China Pioneer Zone by the end of 2030, and the direction of ecological forestry has received financial attention.
2. Within the “robot” concept, multiple stocks rose and stopped, and were partially active. Xiangyang Bearing (+10.00%), Changhua Group (+10.02%), China Malaysia Transmission (+10.00%), and Ningbo Dongli (+10.03%) rose and stopped, while Luozhu Co., Ltd. rose and stopped by 20CM. In terms of catalysis, in an exclusive interview with CCTV Finance on September 23, Musk predicted that the number of humanoid robots may reach 100 billion units in the next 20 years; according to the Shanghai Securities News, the relevant Tesla team landed in Ningbo in mid-September and opened a new round of mass production testing plants for Optimus. Note that the robot concept sector index closed down slightly on the same day, and individual stocks within the concept were partially active.
3. The [wind power equipment] sector bucked the trend and rose 1.25%, and the direction of new energy equipment was partially active. Jixin Technology (+10.00%) rose and stopped, Zhenhong Co., Ltd. rose more than 10% (+10.19%), Power Transmission rose nearly 10% (+9.97%), and Tianneng Heavy Industries (+6.88%) followed suit. According to the news, the press conference of the State Information Office on September 22 proposed doubling the installed capacity of offshore wind power to 100 million kilowatts by 2030; Power Transmission previously stated on the investor interactive platform that it had entered the list of qualified suppliers of leading international wind power companies such as Siemens-Gamesa, Germany's Ende, and India's Adani and achieved batch supply.
Adjust the section
The adjustments on the same day focused on precious metals, copper-clad plates and PCBs, real estate chains, and innovative drugs. The precious metals sector closed down 5.03%. Shandong gold fell 6.01%, Chifeng gold fell 5.22%, and Hunan silver fell 4.92%. Overnight, the US S&P manufacturing and service sector PMI both exceeded expectations in September, the US dollar index strengthened, and international gold prices were under pressure. The copper-clad plate concept closed down 5.05%, the PCB concept fell 3.11%, the component industry closed down 4.48%, ultrasonic electronics fell to a standstill, and Yihao New Materials fell 10.82%. The real estate chain weakened, and the real estate service sector closed down 2.71%. Huali Family fell to a halt on the same day after 3 consecutive ups and downs. Huayuan Holdings fell 9.22% and Greenland Holdings fell 5.30%; the chemical pharmaceutical sector in the direction of innovative pharmaceuticals closed down 3.11%, Nuochengjianhua fell 10.60%, and Harbin Pharmaceutical Co., Ltd. fell to a halt. There was a clear rotation within the sector.