A-share review | The Shanghai Index fell 0.41%, and the three major indices closed down, and the agricultural sector bucked the trend and surged

The Zhitong Finance App learned that on September 17, the three major A-share indices surged higher and fell, and the Beijing Stock Exchange 50 led the decline. At the close, the Shanghai Stock Exchange Index fell 0.41% to 3875.60 points, the Shenzhen Securities Index fell 0.33% to 13409.91 points, the GEM index fell 0.40% to 3298.31 points, Science and Technology Innovation 50 fell 0.61% to 1606.29 points, and the Beijing Stock Exchange 50 fell 1.37% to 1026.00 points. The daily turnover of the Shanghai and Shenzhen markets was about 1.82 trillion yuan, down about 16 billion yuan from the previous trading day. Individual stocks rose by 2,576, fell by 2,820, and closed by 169, up and down by 50 and 2, accounting for about 46% of the increase. On the market, agricultural sectors such as planting, genetically-modified plants, and corn registered the highest gains, while pharmaceuticals, automobiles, etc. were active; the precious metals sector led the decline in both markets, and oil, gas, and electricity also declined.

Drivers

The three major indices collectively closed down: the Shanghai Stock Exchange Index fell 0.41%, the Shenzhen Securities Index fell 0.33%, the GEM Index fell 0.40%, Science and Technology Innovation 50 fell 0.61%, and the Beijing Stock Exchange 50 fell 1.37%, leading the decline.

The turnover of the Shanghai and Shenzhen markets was about 1.82 trillion yuan, down about 16 billion yuan from the previous trading day, and capacity could not be effectively expanded.

Individual stocks rose by 2,576 and fell by 2,820 companies in the entire market, accounting for about 46% of the increase. The profit effect was less than 50%, and the division between sectors was obvious.

The direction of agricultural planting led the way. The planting industry index rose 3.83%, ranking first in Shenwan's second-level industry growth list. The “Fifteenth Five-Year Plan for the Development of the National Planting Industry” issued by the Ministry of Agriculture and Rural Affairs on September 7 proposed a comprehensive grain production capacity of about 1.45 trillion kg by 2030; it has been over a week since the plan was issued. It is a background policy and was not catalyzed on the same day.

The precious metals sector plummeted 5.37%, leading the decline in both markets, while Shandong gold fell more than 6%.

Popular sector aspects

1. [Agricultural planting chain] The farming industry, genetically modified organisms, corn, and food concepts have collectively strengthened and are at the top of the growth list. The Dunhuang seed industry and Jinjian rice industry went up and down, while Wanxiang Denong went up and down for 2 consecutive days. In terms of policy background, the “Fifteenth Five-Year Plan for the Development of the National Planting Industry” issued by the Ministry of Agriculture and Rural Affairs on September 7 proposes that the comprehensive grain production capacity will reach about 1.45 trillion kg by 2030, keeping the bottom line of basic self-sufficiency in grain and absolute safety of food rations.

2. [Pharmaceuticals] The CRO concept has been promoted, and the pharmaceutical sector is active throughout the day. Jinshi Asia Pharmaceutical went up and down 20CM, while Baihua Pharmaceutical and Nanhua Biotech went up and down. According to the news, overseas licensing transactions for innovative drugs are active: the State Drug Administration revealed on September 15 that since this year, the total amount of foreign authorized transactions for innovative drugs in China has exceeded 120 billion US dollars, an increase of 36% over the previous year, and the down payment scale of the transaction has exceeded 10 billion US dollars.

3. [Automobile] The automobile sector fluctuated and increased. Zotye Auto, Jinbei Auto, Ankai Bus, and Shanzi Hi-Tech went up and down.

Adjust the section

The precious metals sector plummeted 5.37%, leading the two markets. Shandong gold fell 6.46%, Hunan gold fell 6.15%, Hunan Baiyin fell 5.82%, and Shanjin International fell 5.66%; the oil, gas and power sectors weakened simultaneously (Shenwan Class II oil service engineering fell 2.25%, electricity fell 1.22%), Tongyuan Petroleum fell 5.92%, and Zhongmin Energy fell 5.57%.