A-share reviews | The three major indices collectively fell, and banks hit record highs in batches, and the copper clad plate bucked the trend and strengthened

The Zhitong Finance App learned that on September 10, the three major A-share indices collectively closed down. The Shenzhen Index led the decline among the three major indices, and the Beijing Stock Exchange 50 fell more than 2.8%. At the close, the Shanghai Stock Exchange Index fell 0.43% to 3934.40 points, the Shenzhen Stock Exchange Index fell 0.77% to 13617.67 points, the GEM index fell 0.49% to 3338.42 points, Science and Technology Innovation 50 fell 0.69% to 1569.22 points, and the Beijing Stock Exchange 50 fell 2.81% to 1051.41 points. The turnover of the Shanghai and Shenzhen markets was 1647.148 billion yuan, down about 208.5 billion yuan from the previous trading day. The entire market rose 955 companies, fell 4,512, rose and stopped by 40, and fell by 14 companies. The share of rising individual stocks was about 17%. In terms of sectors, sectors such as copper-clad plates, PCBs, banks, ships, electricity, glass and glass fiber, kitchen and bathroom appliances registered the highest gains; sectors such as genetically modified genes, corn, agricultural product processing, seed industry, pharmaceuticals, and fertilizers registered the highest declines.

driving factors

On the same day, the three major A-share indices collectively closed down, with the Beijing Stock Exchange 50 leading the decline, while banks, copper-clad plates, PCBs, electricity, and shipping bucked the trend, and market differentiation was obvious. The copper-clad plate and PCB concept led the way. On August 28, Jiantao Laminate issued the 7th price increase letter of the year, uniformly increasing FR-4 copper-clad plate by 10%. Panasonic raised the price of copper clad plates by up to 30% on September 1, South Asia Plastics simultaneously raised the price of electronic cloth in September. The banking sector has reached a record high in volume. The Ministry of Finance plans to issue 300 billion yuan of special treasury bonds to support eight central financial enterprises to supplement their core Tier 1 capital. Among them, the Industrial and Commercial Bank and the Agricultural Bank plan to increase not more than 100 billion yuan and 160 billion yuan respectively, and the Ministry of Finance plans to subscribe for 70 billion yuan and 130 billion yuan respectively. The direction of electricity and green electricity is active. The CPE 2026 International Computing and Electricity Exhibition will be held in Shanghai on October 26. Sectors such as agriculture, pharmaceuticals, fertilizers, and folding screens had the highest declines on the same day.

Popular sector aspects

1. [Banking] The banking sector bucked the trend and individual stocks flourished across the board. The Bank of Nanjing rose more than 3%, and the Bank of Jiangsu, the Bank of Hangzhou, and the Bank of Chengdu rose more than 2%, all of which reached record highs. According to the news, the Ministry of Finance plans to issue 300 billion yuan of special treasury bonds to support 8 central financial companies to supplement their core Tier 1 capital. In the first half of the year, 42 listed banks achieved a total increase of about 7.42% year-on-year in operating income and a 2.96% year-on-year increase in net profit. Of these, 32 achieved both revenue and net profit growth.

2. [Copper-clad Board/PCB] The copper-clad board concept rose 5% to the top of the concept sector. Ultrasonic Electronics had a 4-day 2-board increase, and Jin'an Guoji had a rise of 20% in the intraday period and closed up 15.29%. Sihui Fu Shi rose nearly 10%, and Sdic rose more than 8%. Catalysis: Jiantao Laminated Board's seventh price increase letter of the year raised FR-4 copper-clad plate by 10%. Panasonic raised the price of copper-clad sheets by up to 30% on September 1, South Asia Plastics increased by 20% to 25% at the same time, and China Jushi raised the price of electronic cloth in September.

3. [Electricity/Green Electricity] The cooperative direction of electricity calculation is active. Eastern Fujian Electric Power has 2 connected boards, and Hunan Development, Huayin Electric Power, and Leshan Electric Power have risen and stopped. Catalysis: The CPE 2026 International Computing Exhibition will be held in Shanghai on October 26th.

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Sectors such as agriculture, pharmaceuticals, fertilizers, and folding screens registered the highest declines. In the agricultural direction, COFCO Sugar and Hainan Rubber fell to a standstill; Yasheng Group, Nongfa Seed Industry, Wanxiang Denong, and Shennong Seed Industry plummeted; in the direction of fertilizer, Lutianhua fell; CRO led the decline in the pharmaceutical direction, Qianjin Pharmaceutical and Yongan Pharmaceutical fell to a halt; and in the folding screen direction, Yi'an Technology fell by more than 14%. There was a large increase in the previous period in the above direction. The decline on the same day was the highest, and the market showed clear sector rotation.