A-share Opening Express | The three major indices opened slightly lower, Science and Technology Innovation 50 bucked the trend and opened higher

Opening data

The Zhitong Finance App learned that on September 16, the Shanghai Index opened 0.07% lower to 3861.75 points, the Shenzhen Index opened 0.08% lower to 13276.85 points, and the GEM Index opened 0.03% lower to 3246.89 points. Science Innovation 50 opened 0.41% to 1558.38 points.

As of 9:32, a total of 1,149 companies had risen in the Shanghai and Shenzhen markets, 4102 were down, and 313 were flat.

The increase was highest: rubber, oil service engineering, communication equipment, precious metals, optical communication concepts, PVDF concepts, etc., wind power equipment and tire concepts strengthened slightly; the decline was highest: tourism and scenic spots, agricultural product processing, commercial vehicles, batteries, construction machinery, glass glass fiber, agricultural reclamation concepts, cotton concepts, duty-free shop concepts, etc.

Market conditions

On the market, the three major indices weakened slightly after opening. As of 9:32, the Shanghai Index fell 0.19% at 3857.06 points, the Shenzhen Index fell 0.44% at 13229.06 points, the GEM index fell 0.48% at 3232.21 points, and the Science and Technology Innovation 50 rose 0.17% by 1554.66 points, making it the only red market among the four indices.

At the sector level, rubber, oil service engineering, communication equipment, precious metals, optical communication concepts, etc. had the highest increases. Higher oil prices had a certain driving effect on the oil and gas direction. Wind power equipment and tire concepts strengthened slightly, surged higher and fell during the intraday period, and fluctuated and declined after shipping ports opened higher; glass glass fiber, batteries, tourism and scenic spots, agricultural product processing, and commercial vehicles registered the highest declines.

As of 9:32, the two markets had risen and stopped 8, and the number of companies that had risen accounted for about 20%. At the individual stock level, there were more losses and fewer gains.

Overnight quick facts

Overseas markets: On September 15, the three major US stock indices closed down. The Dow fell 0.63%, and the NASDAQ fell 0.78%. The yield on US 10-year Treasury bonds closed at 5.006%, the first time since July 2007; the WTI crude oil contract rose 4.38% to $105.83 per barrel in October. According to CME interest rate futures, the probability that the Federal Reserve will raise interest rates by 25 basis points in September is over 90%.

Domestic policy: The Ministry of Industry and Information Technology and the National Development and Reform Commission jointly issued the “Fifteenth Five-Year Plan for the Development of the Electronic Information Manufacturing Industry”, which proposes that the operating income of enterprises above the scale will exceed 30 trillion yuan by 2030, and break through new storage products such as high-bandwidth flash memory and high-bandwidth memory. According to data from the National Bureau of Statistics, the value added of industries above scale increased by 5.2% year-on-year in August.

Industry news: Companies such as Japan's JSR, Tokyo Chemical, and Shin-Etsu Chemical announced that they will increase the overall price of photoresists for global customers by 15% from October 1, 2026, with an increase of up to 24% for HBM immersion ArF. According to data from Zhuochuang News, the factory price of 7628 electronic cloth in China increased 10% to 20% month-on-month.

Trend analysis

Today, the three major indices opened slightly lower. The Shanghai Index opened 0.07% lower, the GEM Index opened 0.03% lower, and the Science Innovation 50 opened 0.41% higher. The index weakened slightly after opening. Overnight peripheral pressure was the main disturbance: before the results of the Federal Reserve's September interest rate meeting were announced, US 10-year Treasury yields were above 5%, the three major US stock indices closed down, and weakening overseas risk appetite suppressed the opening of A-shares.

On the market, the oil and gas sector is relatively active due to the jump in oil prices. Oil service engineering has seen the highest increase, and wind power equipment continues the strong pattern of the previous trading day; glass fiber, which led the rise on the previous trading day, had the highest correction and decline today, and the planting industry, commercial vehicles, etc. continued to adjust in the direction of weakening on the previous trading day, and market structure differentiation is still quite obvious.

The impact of external disturbances on A-shares may still be phased; however, until the Federal Reserve's decision and key information such as the geographical situation are implemented, the short-term market may remain volatile, and the direction choice will still be adjusted to trading volume and risk appetite.