A-share afternoon review | The Shanghai Index fell 0.71%, computing power and hardware fell sharply, and China Shipbuilding Batteries bucked the trend and strengthened

The Zhitong Finance App learned that on November 3, the three major A-share indices collectively opened low, and the decline accelerated at the beginning of the session. The GEM index once fell more than 2%, then the Shenzhen market fluctuated and rebounded, and the GEM index briefly turned red, then fell again in the morning. The market presents a pattern of “the weight of technology dragging down the index, individual stocks rising and falling less, and capital shifting to a lower level”. By the midday close, the Shanghai Index fell 0.71% to 3612.09 points, the Shenzhen Index fell 0.16% to 10993.07 points, the GEM index fell 0.94% to 2435.60 points, and Science Innovation 50 fell 2.54%. More than 3,300 A-shares in the Shanghai and Shenzhen markets rose, and more than 2,100 fell. The three markets of Shanghai, Shenzhen and Beijing traded about 1 trillion yuan in half a day, down about 152 billion yuan from the previous trading day. On the capital side, in early trading, the main capital flowed into the electronics, non-ferrous metals, power equipment and other sectors, with a net outflow of over 4.3 billion yuan from the electronics, semiconductor, and communications sectors. In terms of individual stocks, Ningde Era had a net purchase of over 1.1 billion yuan, and Zhongji Xuchuang's net sales exceeded 700 million yuan.

Overview of the plate

On the upward side, on the upward side, the Chinese shipping concept fluctuated and increased in the morning, the battery industry chain strengthened collectively, and the film and television industry and game sectors continued to be active, with low levels such as fishery, pork, and precious metals. On the downside, communications equipment, components, and semiconductors declined at the same time. Optical communications, CPO, and electronic chemicals weakened simultaneously, and the banking, petroleum and petrochemical sectors also fell. Among them, the weakening of petroleum and petrochemicals was directly related to the overnight closing of 7.55% of WTI crude oil to 96.26 US dollars/barrel. Overall, GEM indicates that semiconductors and optical communications account for a high weight in the Science and Innovation 50. Computing power hardware adjustments directly dragged down the index, but most individual small and medium capitalization stocks rose, and capital was not completely withdrawn. Instead, they were rebalanced from high-powered hardware to batteries, breeding, media, etc.

Popular sections

1. The concept of the Chinese shipping system changed and increased in the morning

The China Shipbuilding System concept changed and picked up close to midday trading. Kunming Shipbuilding Intelligence rose 20%, Jiujiyang rose more than 8%, China Dynamics rose more than 3%, Chinese shipping rose more than 2%, and CSIC Han Guang and China Shipbuilding followed suit.

Comment: According to the news, the 16th China International Aerospace Expo will be held in Zhuhai from December 7 to 13. This year, the Gaolan Port Offshore Equipment Exhibition Area will be set up for the first time. China Shipbuilding Group plans to exhibit more than 150 exhibits, including water and land equipment such as new 500-ton unmanned ships. This is a close background rather than a new addition on the same day. The sector has yet to see new catalysts on the same day. After the individual stock level, Kunchuan Smart fell to a drop of nearly 4% in the intraday period and closed at 20% in the morning. After a while, it rose more than 15% in the Western market and then fell back to around 8%, which is closer to the short-term shift of low-level capital.

2. The battery industry chain is rising and coming to a standstill

The battery industry chain strengthened collectively. Menggouli rose and stopped 20%, Fengyuan shares, Longpan Technology, Shengyang shares, and Shangshui Intelligence rose and stopped; Zizhu Hi-Tech rose 2 times in a row; and Ningde Era rose more than 4%.

Comment: According to the news, Ningde Times revealed the progress of the repurchase on the evening of November 2. As of October 31, it had repurchased approximately 19.6059 million A-share shares, accounting for 0.4447% of the company's total A-share capital, with a total transaction amount of about 5.360 billion yuan. At the industrial level, Xiaopeng IRON solid-state batteries for humanoid robots have been mass-produced in small quantities. Ningde Times said on the investor interactive platform that the company's all-solid-state batteries are expected to be produced in small batches in 2027. At the policy level, the “Fifteenth Five-Year Plan for the Development of the New Battery Industry” proposes to initially achieve large-scale application of all-solid-state batteries by 2030. In terms of capital, the battery sector ranked first in the industry with a net inflow of the main capital in half a day.

3. The film and television cinema sector continues to be active

The film and television cinema sector continued to be active. Huazhi Digital Media went up and down from 2 consecutive boards, Aofei Entertainment went up and down, Cultural Investment Holdings went up and down today, and Dasheng Culture and Electronic Soul Network both recorded 2 consecutive boards. Ciwen Media rose more than 7%, and Shanghai Film rose more than 4%.

Comment: According to the news, CCTV Finance reported on October 31 that 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 overseas AI comic users has exceeded 150 million. Chinese manufacturers occupy nine seats in the top ten paid overseas skit apps. This news is the original catalyst for the launch of the sector on November 2. Today is a continuation of the second trading day.

4. The collective decline in semiconductors and computing power hardware

The semiconductor sector opened low, with Jinghua Wei falling to a standstill. Zhongji Xuchuang and Yuanjie Technology fell more than 8%, Tianfu Communications fell 8%, Cambrian fell more than 7%, Xinyisheng fell more than 4%, and Jinhaitong fell more than 8%.

Comment: According to the news, US chip stocks collectively weakened overnight. The Philadelphia Semiconductor Index fell more than 3%, Intel fell more than 8%, and AMD fell more than 7%; Maywell Technology announced the acquisition of optical component manufacturer Lumentum through an all-stock transaction with an implied corporate value of about US$115 billion. After the news was announced, Maywell Technology fell 12.7% and Lumentum closed down 18.6%, putting pressure on the optical communications sector. Furthermore, JinghuaWei was sued by the Securities Regulatory Commission for suspected illegal disclosure of information. The case was filed simultaneously by the company and controlling shareholder Lu Hanquan. Some securities accounts and bank accounts were frozen, and today it came to a standstill.