A-share reviews | The Big Three Index opened low and moved higher, Science and Innovation 50 rose 1.34%, and the media sector set off a cessation of gains

The Zhitong Finance App learned that on August 31, the three major A-share indices opened low and rose collectively, with Science and Innovation 50 leading the way. At the close, the Shanghai Stock Exchange Index rose 0.86% to 3986.30 points, the Shenzhen Stock Exchange Index rose 0.44% to 14015.00 points, the GEM index rose 0.42% to 3438.68 points, Science and Innovation 50 rose 1.34% to 1684.39 points, and the Beijing Stock Exchange 50 rose 0.14% to 1065.29 points. The turnover of the Shanghai and Shenzhen markets was 2131,030 billion yuan, an increase of about 29.3 billion yuan compared to the previous trading day. The entire market rose 3,181 companies, fell 2,218, rose and stopped 89, and fell to 13 companies, accounting for 57% of the increase. In terms of sectors, media such as digital media, film and television, publishing, television broadcasting, advertising and marketing registered the highest gains, while large state-owned banks, IT services, computer equipment, and general equipment strengthened; sectors such as accessories, passenger cars, photovoltaic equipment, precious metals, planting, and fishing registered the highest declines.

driving factors

On the same day, the market opened low and moved higher. Science Innovation 50 led the main index with a 1.34% increase, and the media set off a wave of ups and downs. “Journey to the West”, the first long-running AI drama to be broadcast in China on August 31, was officially released on Mango TV and Hunan TV. It used AIGC production, no real actors participated, and was the first “produced, reviewed, and broadcast” series after the release of “21 Rules of Radio and Television”, which directly ignited the rise and fall in the direction of media and AI applications. On August 28, the Central Bank and the General Administration of Financial Supervision jointly issued “Opinions on Reforming and Improving Real Estate Credit Management to Accelerate the Construction of a New Model for Real Estate Development”, extending the term of personal housing loans from a maximum of 30 years to a maximum of 40 years and establishing a banking system to host real estate development loans. The large state-owned banking sector rose by 2.94% to lead big finance. Gold, jewellery, agriculture, etc., which had previously continued to rise, pulled back on the same day. The jewelry sector led the decline by 4.67%, precious metals fell 2.67%, and the farming industry and fishery industry fell more than 2.4%.

Popular sector aspects

1. Media/AI applications: The launch of the AI drama sparked a wave of ups and downs. Digital media rose 7.19%, film and television theaters rose 7.02%, and publishing rose 5.26%, ranking among the highest gains in the Shenwan industry; Mango Supermedia and Chinese Online rose and stopped 20CM, Huace Film and Television rose 15.77%, Haishen shares rose 19.99%, and Zhongguang Tianze, Huanrui Century, and Palm Reading Technology rose and stopped. In terms of catalysis, the first AI drama “Journey to the West” to be broadcast by the stars in China was scheduled on the same day. AIGC completed the interpretation of images and characters, and no real actors participated, marking the first time that AI content has entered the mainstream TV content system.

2. Banking/Big Finance: Large state-owned banks lead the way. Large state-owned banks rose by 2.94%, the Postbank led by 5.41%, Minsheng Bank rose 3.22%, and Qilu Bank rose 6.68%. The urban commercial banking and agricultural commercial banking sectors strengthened simultaneously. According to the news, the central bank and the General Administration of Financial Supervision jointly issued new real estate credit regulations on August 28, extending the term of personal housing loans to a maximum of 40 years and establishing a banking system to host development loans.

3. Computer equipment/computing power hardware: The direction of computing power is strengthening collectively. IT services rose 2.84%, computer equipment rose 2.82%, Wave Information went up and down, Starnet Ruijie went up and down, and Huashi Technology went up and down 20CM. The liquid-cooled server concept is active, and Guanlong Energy Saving rose and stopped by 20CM.

Adjust the section

Sectors such as accessories, precious metals, planting, fishing, photovoltaic equipment, and passenger cars registered the highest declines. Among them, the jewelry sector led the decline by 4.67%, with silver and non-ferrous metals falling to a standstill; precious metals falling 2.67%; and planting and fishing falling more than 2.4%. Gold and jewellery (jewelry, precious metals) and agriculture (planting, fishing) both had large gains in the early period. The decline was the highest on the same day, and the market showed clear sector rotation.