A-share midday trading | The three major indices collectively closed down, more than 4,200 shares fell, and the copper plate and banks strengthened

The Zhitong Finance App learned that on September 10, the three major A-share indices collectively opened low and remained in a narrow range in early trading. The GEM index became popular for a while and then fell again. The market showed a pattern of “narrow index adjustments, individual stocks generally declined, weight and resource direction were relatively resistant, and technology and hardware were partially active”. By the midday close, the Shanghai index fell 0.35% to 3937.78 points, the Shenzhen Index fell 0.55% to 13647.49 points, and the GEM index fell 0.15% to 3350.08 points. Science Innovation 50 fell 0.43%, while Beijing Stock Exchange 50 fell 1.93%. More than 4,200 stocks fell across the market. The Shanghai, Beijing, and Shenzhen markets traded 1102 billion yuan in half a day, down 118.2 billion yuan from the previous trading day. In terms of capital, according to Tonghuashun data, the memory chip sector received a net capital inflow of 4.285 billion yuan, the PCB concept received a net inflow of 3,582 billion yuan, and the pharmaceutical sector received a net outflow of more than 3.6 billion yuan.

Overview of the plate

On the upward side, the copper-clad panels, marine equipment, kitchen and bathroom appliances, banks, glass and fiberglass sectors registered the highest gains, while electricity and gas steering wheels also showed active performance; on the downside, glyphosate, agricultural product processing, aquaculture, medical services, and genetically-modified sectors registered the highest declines. Overall, transactions between the two markets continued to shrink compared to the previous trading day. Technology hardware such as copper-clad plates and memory chips were relatively active in the direction of banks, etc., and agricultural and pharmaceutical topics, which had had a large increase in the previous period, showed a correction. More than 4,200 individual stocks in the entire market fell, and the profit effect at the individual stock level was weak.

Popular sections

1. The copper-clad plate concept led the way, and the component sector opened low and moved higher

The copper-clad plate concept rose 4.89% in half a day, ranking first in the concept sector; the components sector opened low and moved high; Yihao New Materials, Jin'an Guoji, and Ultrasonic Electronics rose and stopped, while Sihui Fuji, Shengye Electric, and Mingyang Circuits had the highest gains.

Comment: According to the news, at the end of August, Jiantao Laminate issued the 7th price increase letter of the year. The price of FR-4 copper-clad sheets was uniformly increased by 10%, and the semi-cured sheet was adjusted according to specifications, and the thin cloth rose by up to 20%. Afterwards, Panasonic announced a price increase of up to 30% for some products. South Asian plastics continued to rise 20% to 25%, and the upward price of copper clad plates and upstream materials led to the strengthening of related sectors.

2. The memory chip concept is showing active performance

The memory chip concept was active. Taiji Industrial went up and down, while Shenzhen Technology, Debon Technology, Demingli, Pran shares, and Baiwei Storage followed suit.

Comment: According to the news, overnight, the US stock SK Hynix rose more than 7%, Micron Technology rose more than 2%, and SanDisk rose more than 1%; a report recently released by Korean brokerage firm KB Securities shows that Samsung Electronics and SK Hynix's stored semiconductor inventories have fallen to the level of less than 10 days. According to data from Tonghuashun, the memory chip sector received a net inflow of 4.285 billion yuan in capital in early trading, ranking first among all concept sectors.

3. The banking sector bucked the trend and strengthened

The banking sector bucked the trend and strengthened. The Bank of Nanjing rose more than 2%, the Bank of Ningbo rose more than 2%, the Bank of Jiangsu and the Bank of Hangzhou rose more than 2%, and the Bank of Chengdu rose more than 1%. The five banks mentioned above all reached record intraday highs, with 25 stocks in the sector rising more than 1%.

Comment: According to the news, the Information Office of the State Council is scheduled to hold a press conference on the theme of “Getting Started” at 15:00 on September 10. Lu Lei, Deputy Governor of the People's Bank of China, Cong Lin, Deputy Director of the General Administration of Financial Supervision, Li Chao, Vice Chairman of the China Securities Regulatory Commission, and Li Bin, Deputy Director of the State Administration of Foreign Exchange, will introduce the financial sector's implementation of the “15th Five-Year Plan” and the promotion of a strong financial nation. Furthermore, the 2026 semi-annual report shows that insurance capital continued to increase bank stock allocation in the second quarter, and the Bank of China, China Construction Bank, Postbank, and Industrial and Commercial Bank received an increase in insurance capital holdings.

4. The gas sector showed active performance

The gas sector showed active performance, with water to gas rising and falling, while Mineng Energy, Guizhou Gas, and Kaitian Gas had the highest gains.

Comment: According to the news, Brent crude oil futures broke through $100 per barrel on the evening of September 9, with an intraday increase of more than 2%; according to market opinion, rising international oil prices are driving the direction of gas and oil and gas.