A-share review | The Double Innovation Index both fell by more than 3%, and the media oil and gas sector bucked the trend and strengthened

The Zhitong Finance App learned that on October 14, the three major A-share indices fluctuated and weakened after opening low. The decline continued in the afternoon, with the Double Innovation Index leading the decline. At the close, the Shanghai Stock Exchange Index fell 0.88% to 3767.23 points, the Shenzhen Securities Index fell 1.97% to 12110.59 points, the GEM index fell 3.10% to 2866.76 points, the Science and Technology Innovation 50 Index fell 3.29% to 1380.26 points, and the Beijing Stock Exchange 50 Index fell 0.66% to 1002.01 points. The turnover of the Shanghai and Shenzhen markets was 1414.391 billion yuan, down 261,526 billion yuan from the previous trading day. Shanghai and Shenzhen A shares (excluding the Beijing Stock Exchange) rose 979 individual stocks, 4,496 fell, and 99 traded flat. Of these, 39 rose or stopped, and 13 fell to a standstill, accounting for about 17% of the rising stocks.

In terms of sectors, in Shenwan's second-tier industry, oil service engineering, publishing, digital media, film and television lines, and coal mining registered the highest gains; glass glass fiber, wind power equipment, communication equipment, consumer electronics, semiconductors, and batteries registered the highest declines. In terms of the concept sector, copper-clad plates had the highest gains, while memory, precious metals, etc. weakened.

driving factors

Overnight global adjustments in the memory chip industry chain are the external background of this round of weakening technology. The 4th Integrated Chip and Core Conference was held in Shanghai from October 9 to 10. Changxin Storage President Cao Kanyu announced the key R&D progress of the 4F² DRAM architecture at the conference and said that he expects to launch a new generation of DDR5 RDIMM products by the end of the year. On October 13, Korea's KOSPI index closed down 5.46%, SK Hynix fell 10.09%, Samsung Electronics fell 7.39% overnight, and the A-share memory concept fell 3.08% on the same day. The semiconductor sector fell 3.20%.

The media sector bucked the trend due to application data and subject matter. According to Sensor Tower data, ByteDance's short drama app PineDrama surpassed 100 million downloads and 7 million daily active users about 9 months after launch. Publishing, digital media, and film and television theaters increased by 2.83%, 2.75%, and 1.67% respectively.

The direction of oil and gas was catalyzed by geological events. Yemen's Houthis launched a missile attack on Saudi Arabia, and an office building in Saudi Aramco's headquarters park was hit by a missile, causing a limited scale fire. The oil service engineering sector rose 3.05% and ranked first in Shenwan's second-tier industry. CNOOC rose 6.56% and CNOOC rose 4.26%.

The direction of copper-clad plates and PCBs was driven by the three-quarterly performance forecast. On the evening of October 12 to 13, Ultrasonic Electronics, Baoding Technology, and Xing Sen Technology successively disclosed performance forecasts. Net profit to mother for the first three quarters is expected to increase by 90.78% to 102.00%, 536.88% — 614.07%, 204.20% — 227.02%, respectively, and the copper-clad plate concept rose 2.21% year on year.

The coal mining sector rose 1.41%. Antai Group's coal and electricity rose and stopped in 5 days, while the Shaanxi coal industry and China's Shenhua rose 2.22% and 2.14% respectively and hit new highs. The turnover of the two markets was 1414.391 billion yuan, down 261,526 billion yuan from the previous trading day. Shanghai and Shenzhen A-shares rose by about 17%.

Popular sector aspects

1. [AI Comics and Media] The media sector bucked the trend, with publishing up 2.83%, digital media up 2.75%, and cinema up 1.67%. Ciwen Media and New Classics all went up and down from the 4th straight board. Palm Reading Technology went up and down (4 boards in 7 days), Gravity Media, China Science and Technology, and Xinhua Wenxuan went up and down, and Fuchun Stock went up and down 20CM. Among them, Xinhua Wenxuan dropped as low as 9.18% in the intraday period and closed until the end of the day. In terms of catalysis, according to Sensor Tower data, PineDrama, a short drama application owned by ByteDance, surpassed 100 million downloads and about 7 million daily active users about 9 months after launch, making it one of the fastest growing apps on overseas skit tracks.

2. [Oil Service Engineering] The oil service engineering sector rose by 3.05%, ranking first in Shenwan's second-level industry. CNOOC Services rose 6.56%, Bomaike rose 6.15%, Xinchao Energy rose 5.29%, CNOOC Engineering rose 4.19%, and CNOOC rose 4.26%. On the catalytic side, the security risk of energy facilities in the Middle East escalated. Yemen's Houthis launched a missile attack on Saudi Arabia, and an office building in Saudi Aramco's headquarters park was hit by a missile, causing a limited scale fire.

3. The “copper-clad plate and PCB” copper-clad plate concept rose 2.21%, ultrasonic electronics went up and down from 2 consecutive boards, Baoding Technology rose and stopped, and Xing Sen Technology rose 4.28%. In terms of catalysis, from October 12 to 13, Ultrasonic Electronics, Baoding Technology, and Xing Sen Technology successively disclosed their performance forecasts for the first three quarters. Net profit to mother is expected to increase by 90.78% to 102.00%, 536.88% — 614.07%, and 204.20% — 227.02% year-on-year, respectively. The copper-clad plate industry remains strong and PCB orders are full.

Adjust the section

On the same day, in Shenwan's second-tier industry, glass fiber fell 5.46% and wind power equipment fell 5.32%, the two sectors with the biggest decline. Among wind power equipment, Daikin Heavy Industries fell to a standstill for two consecutive trading days. Weili Transmission and Xinqianglian fell 12.02% and 12.51% respectively, Shuangyi Technology fell 9.21%, and Tianshun Wind Energy fell 7.86%. The total decline in the past 5 trading days was more than 9%. Communications equipment fell 4.50%, the highest decline in Shenwan's second-tier industry.

The battery sector fell 3.09%; Shangshui Intelligence, Shengyang Co., and Jinyinhe fell 8.89%, 8.45%, and 7.02% respectively; semiconductors fell 3.20%, consumer electronics fell 3.21%, and new research materials fell to a standstill; memory concepts fell 3.08% and precious metals fell 2.60%; automobile concepts fell 2.42%, JAC and Haima Motors fell 8.62% and 7.46% respectively; computing power hardware weighted stocks declined, with Zhongji Xuchuang, Xinyisheng, and Tianfu Communications falling 5.73%, 5.84%, and 7.17% respectively.