A-share afternoon review | The three major indices fell sharply, the GEM index fell 3.42%, and more than 5,000 individual stocks fell
The Zhitong Finance App learned that on October 15, the three major A-share indices collectively opened lower, then fluctuated and weakened. The Shanghai Index fell below 3,700 points, and the GEM Index and Science and Innovation 50 both fell by more than 3%. The market showed a pattern of “collective index decline, individual stocks generally falling, and subject weakness rotating”. By the midday close, the Shanghai index fell 1.98% to 3692.65 points, the Shenzhen Index fell 2.78% to 11773.45 points, and the GEM index fell 3.42% to 2768.63 points. Science Innovation 50 fell 3.02%, while Beijing Stock Exchange 50 fell 2.76%. 466 stocks rose and 5060 stocks fell in the entire market, of which 33 rose or stopped and 12 fell to a halt. The Shanghai and Shenzhen markets traded 981.8 billion yuan in half a day, an increase of 129 billion yuan over the previous trading day. In terms of capital, the main capital flowed into the pharmaceutical, chemical, and food and beverage sectors in early trading, with a net outflow from the electronics, semiconductor, and communications sectors. Of these, the net outflow from the electronics sector exceeded 9.1 billion yuan.
Overview of the plate
On the upward side, on the upward side, AI comic concepts, PCB concepts, liquor, innovative drugs, etc. bucked the trend; on the downside, the shipping, coal mining and processing, oil and gas extraction and services, CPO, and semiconductor sectors registered the highest declines. Overall, dragged down by the overnight decline in US stocks, capital flowed out sharply from technology sectors such as electronics and semiconductors, and partly in the direction of pharmaceuticals, liquor, etc., and the weak rotation characteristics of the subject matter were obvious, with more than 5,000 individual stocks falling in the entire market.
Popular sections
1. The AI comic concept has been strengthened over and over
The AI comic concept has been strengthened over and over again. Ciwen Media has 5 consecutive boards, Huanrui Century has 3 boards, Reader Media has gone up and down, Electric Soul Network has gone up and down 2 in a row, and Reader Culture has hit a 20cm rise and stop.
Comment: According to news, Tencent recently launched a short drama applet embedded in the WeChat ecosystem, with “free dramas, just watch” as the core position, directly targeting ByteDance's 168 million daily active red fruit skits; according to data from the State Administration of Radio, Film, and Television, 430,000 short dramas were launched nationwide in the first 8 months of this year, accounting for over 90% of AI dramas; according to estimates by the DataEye Research Institute, the total size of the domestic short drama, AI drama, and comic drama market is expected to exceed 121 billion yuan in 2026.
2. The PCB concept is active
The PCB concept showed active performance. Jinlu Electronics rose and stopped at 20cm, Chongda Technology went up and down, Junya Technology went up and down in 3 days, Aohong Electronics continued to reach record highs in 19 days and 11 boards in 19 days, and Tianjin Pulin rose and stopped.
Comment: On the evening of October 14, Jinlu Electronics released a performance forecast for the first three quarters of 2026. Net profit for the first three quarters is expected to be 180 million yuan to 196 million yuan, up 192.88% to 218.92% year on year, of which net profit for the third quarter was 124 million yuan to 140 million yuan, up 1266.91% to 1442.76% year on year. The company said it fully grasped the market opportunities brought about by structural imbalances between supply and demand in the printed circuit board industry, focusing on application fields such as computing power infrastructure, artificial intelligence, and satellite communications. In addition, copper clad plate manufacturers such as Jiantao laminated board raised product prices on October 13.
3. The liquor sector bucked the trend and strengthened
The liquor sector bucked the trend and strengthened. Huangtai Liquor went up and down in 3 days, Golden Seed Liquor rose more than 6%, and Jinhui Liquor and others followed suit.
Comment: According to the news, according to feedback from dealers, wholesalers and terminal retailers in Henan, Shandong, Guangdong, Anhui and other places, channel inventory is still being eliminated. The inventory of some of the wine merchants surveyed fell by about 10% to 20% year on year. The turnover of large individual products of famous wine is relatively fast, and some terminal inventory has been controlled for 1 to 2 months; more and more wine merchants are using the form of small orders to invest limited capital in more stable products.