A-share Opening Express | The three major indices are collectively opening lower, agricultural media bucked the trend and active electronic semiconductors are under pressure

The Zhitong Finance App learned that on October 12, the Shanghai Index opened 0.18% lower to 3806.98 points, the Shenzhen Index opened 0.43% lower to 12586.96 points, and the GEM Index opened 0.65% lower to 3023.51 points. Science Innovation 50 opened 0.92% lower to 1443.81 points. As of 9:31, a total of the Shanghai and Shenzhen markets had risen in 2013, 3199 were down, and 361 were flat.

The increase was highest: agricultural product processing, publishing, film and television lines, planting industry, automobile services, etc.; the decline was the highest: consumer electronics, semiconductors, electronics, etc.

Market conditions

As of 9:31, the four indices fluctuated slightly after opening low. The Shanghai Index fell 0.15% at 3808.05 points, the Shenzhen Index fell 0.42% at 12588.26 points, the GEM Index fell 0.59% at 3025.43 points, and the Science and Technology Innovation 50 fell 1.20% at 1439.83 points.

Structurally, agriculture and media are bucking the trend. Agricultural product processing rose 2.55%, publishing rose 2.34%, film and television theaters rose 1.95%, planting industry rose 1.38%, agricultural sector was catalyzed by the World Meteorological Organization's El Niño bulletin and food price expectations, and the media sector was driven by iQiyi skit statements and content-side cooperation plans; consumer electronics, semiconductors, electronics and other indices registered the highest declines. There were 16 ups and downs, and 3 were down. The number of companies that rose accounted for about 36%. At the individual stock level, there were more losses and fewer gains.

Overnight quick facts

New Quality Productivity Top Level Documents Released: The Central Committee of the Communist Party of China and the State Council issued “Opinions on Developing New Quality Productivity”, deploying 19 key initiatives, clearly implementing the “Artificial Intelligence +” campaign, and forward-looking laying out future industries such as quantum technology, biomantry, and physical intelligence. The Securities Regulatory Commission held an expert symposium on the capital market and financial situation on October 10. The participating experts suggested studying and reserving more incremental policy tools.

Implementation of financial and automobile industry policies: The Ministry of Finance arranged for the use of local government debt balance limits of 550 billion yuan, of which the general debt balance limit of 300 billion yuan will be distributed to counties and districts, and the special debt balance limit of 250 billion yuan will be skewed towards major economic provinces. The four departments are seeking public comments on innovative design and R&D testing and verification management of automotive products. They intend to ban the installation of fully hidden doorknobs.

The external market collectively rose last Friday: on October 9, the Dow rose 0.83% to 51654.95 points, the S&P 500 index rose 0.59% to 7811.54 points, the NASDAQ rose 0.64% to 27366.17 points, and the NASDAQ China Golden Dragon Index rose 2.69%. COMEX gold futures rose 1.52% to $4220.3 an ounce.

Trend analysis

The three major indices collectively opened lower. The Shanghai Index opened 0.18% lower to 3806.98 points. The Shenzhen Index, the GEM Index, and the Science and Innovation 50 opened 0.43%, 0.65%, and 0.92% lower, respectively. The direction of growth is clearly different from the blue chips in the broader market.

Structurally, agricultural product processing rose 2.55%, publishing rose 2.34%, film and television, and planting industries bucked the trend. Agriculture was catalyzed by the World Meteorological Organization's El Niño bulletin and food price expectations; consumer electronics, semiconductors, electronics, etc. had the highest declines.

A total of 3199 companies rose in the two markets in 2013, and closed with 361 companies. The number of companies that rose accounted for about 36%. The three-quarter report verifies profits or differentiates the dominant sector, and the index may maintain a volatile pattern of differentiation in the short term.