A-share Afternoon Review | The GEM Index rose 3.28%, and liquor and AI comics erupted collectively
The Zhitong Finance App learned that on November 2, the three major A-share indices collectively opened higher. At the beginning of the session, they quickly fell and turned green, then fluctuated and rallied, driven by the direction of liquor, media, brokerage firms, etc., and the GEM index showed the strongest trend. The market showed a pattern of “general rise in the index, leading the rise in consumption and media, and internal fragmentation of weight”. By the midday close, the Shanghai Index was up 1.16% to 3640.93 points, the Shenzhen Index was up 2.39%, and the GEM index was up 3.28%; Science and Innovation 50 was up 2.95%; and the Beijing Stock Exchange 50 was up 2.03%. More than 4,700 stocks rose and 714 fell across the market. The Shanghai and Shenzhen markets traded 1.14 trillion yuan in half a day, an increase of 13.3 billion yuan over the previous trading day. In terms of capital, the Financial Services Association's monitoring data shows that the main capital flows into non-bank finance, securities, cultural media and other sectors in early trading. Among them, the net inflow of the non-bank financial sector exceeded 2.3 billion yuan, while sectors such as machinery, equipment, electronics, and non-ferrous metals experienced net outflows.
Overview of the plate
On the upward side, the gaming, cultural media, and film and television sectors led the way, with the software development, liquor, and securities sectors showing the highest gains; on the downside, the precious metals, banking, and coal mining and processing sectors registered the highest declines. Among them, the precious metals sector fell 1.86% and the banking sector fell 0.73%. Overall, after continuous adjustments last week, the consumer and media application side, which had overfallen, became the main direction to go long, but the decline in high-ranking stocks continued. The words Daye Shares and Ocean King fell to a standstill. Tianfu Communications, Shenghong Technology, and IFF in AI hardware still declined slightly during the afternoon, and the structural differentiation of the market was obvious.
Popular sections
1. The AI comic concept set off a wave of ups and downs
The AI comic concept quickly rose after opening low in early trading, driving the overall strength of the game, cultural media, and movie theater sector. Among them, the game sector rose 8.48%, the cultural media sector rose 6.61%, and the film and television line sector rose 6.13%. In terms of individual stocks, Haidian shares, Huashi Technology, and Mango Supermedia rose and stopped 20%, while Aofei Entertainment, Dasheng Culture, Dragon Media, Zhejiang Film, Shanghai Film, Huashu Media, Electronic Soul Network, Giant Network, and Decai shares rose and stopped.
Comment: According to the news, according to CCTV financial reports, at present, about 10 Chinese companies have set up overseas short drama platforms, and more than 10 overseas skit apps have launched exclusive AI comic channels. The total number of active AI comic users in overseas markets has exceeded 150 million. Among the top ten paid overseas short drama apps, Chinese manufacturers occupy nine seats.
2. Increase in volume in the liquor sector
The liquor sector rose 4.87%. The Huangtai Liquor industry continued to rise and fall. Shuijingfang and Golden Seed Liquor rose more than 3% to return above 1,400 yuan, welcoming Gongjiu's rise and fall back above 1,400 yuan. Gongjiu hit a standstill in the middle of the day, and Shanxi Fenjiu and Gujing Gongjiu followed suit.
Comment: According to the news, the third quarterly report of Kweichow Moutai showed that total revenue for the third quarter was 41,006 billion yuan, up 3.0% year on year, net profit to the mother was 19.051 billion yuan, up 3.78% year on year, up 15% month on month; Yingjiao Gongjiu's net profit for the third quarter increased 8.58% year on year. On the channel side, the bulk price of the original Flying Moutai box remained above 1,700 yuan/bottle.
3. Collective changes in brokerage stocks
The securities sector rose 4.23%, Guojin Securities and Pacific rose and stopped, Yinzhijie rose 20%, Oriental Wealth rose more than 6%, China Galaxy rose more than 5.6%, and CITIC Securities rose more than 4.5%.
Comment: According to the news, according to the Shanghai Securities News, the People's Bank of China and the China Securities Regulatory Commission held a meeting on November 2 to study and promote the use of capital market instruments. On the same day, the People's Bank of China, the General Administration of Financial Supervision, and the China Securities Regulatory Commission will also convene meetings with major banks to study and optimize stock repurchase and refinancing policies. Stock repurchase and increase holdings and reloans were established on October 18, 2024 to guide financial institutions to provide loans to eligible listed companies and major shareholders to support them to repurchase and increase their holdings of listed companies' shares.
4. The CPO concept fluctuates and rebounds
The CPO concept fluctuated and rebounded during the intraday period, with the fiber optic concept rising 3.00% and the communications equipment sector rising 3.22%. In terms of individual stocks, Lianying Laser rose and stopped 20%, Dongshan Precision rose and stopped, China Porcelain Electronics rose more than 7.3%, and Cambridge Technology rose more than 5.1%.
Comment: According to the news, Nvidia recently publicly demonstrated the next generation of co-packaged optics (CPO) technology, called OOI (Optics-on-Interposer, integrated optics on the intermediate layer). The solution directly integrates the optical engine onto the silicon intermediate layer carrying the GPU, bringing the photoelectric conversion process closer to the chip core. Currently, Nvidia has obtained a prototype sample. It should be noted that some of the leaders within the sector did not strengthen at the same time, and Tianfu Communications, Shenghong Technology, and IFF still declined slightly during the afternoon.