A-share review | Shanghai index fell 0.54%, wind power equipment and semiconductors had the highest gains
The Zhitong Finance App learned that on September 15, the three major A-share indices opened slightly lower, fluctuated and weakened after rising in early trading, remained weak in the afternoon and collectively closed down. The Science and Technology Innovation 50 Index bucked the trend and strengthened. At the close, the Shanghai Index reported 3864.28 points, down 0.54%; the Shenzhen Securities Index reported 13287.97 points, down 0.72%; the GEM Index reported 3247.92 points, down 1.15%; the Science and Technology Innovation 50 Index reported 1551.96 points, up 1.55%; and the Beijing Stock Exchange 50 Index reported 1028.51 points, up 0.65%. The turnover of the Shanghai and Shenzhen markets was 1612.717 billion yuan, down 16.459 billion yuan from the previous trading day; the total transaction volume of the three markets of Shanghai, Shenzhen and Beijing was 1625.3 billion yuan, down 17.7 billion yuan from the previous day, breaking the record for the lowest single-day transaction in the new year. In the entire market, 1,120 individual stocks rose and 4,376 fell, of which 32 were up and down, and 34 were down, accounting for about 20% of the rising individual stocks. In terms of sectors, wind power equipment, glass fiber, electronic chemicals, copper foil/copper clad sheets, semiconductors, and small metals registered the highest gains; tourism and hotels, food concepts, retail, film and television, planting and forestry registered the highest declines.
driving factors
The market was clearly divided on the same day. The major stock indexes and GEM indices of the Shanghai and Shenzhen markets collectively closed down, and the Science and Innovation 50 Index bucked the trend and closed up 1.55%. The index performance was not consistent with the distribution of individual stocks. In terms of energy, the turnover of the Shanghai and Shenzhen markets was 1612.717 billion yuan, a decrease of 16.459 billion yuan from the previous trading day. The three markets of Shanghai, Shenzhen and Beijing totaled 1625.3 billion yuan, breaking the record for the lowest single-day transaction in the new year; according to the news, the National Bureau of Statistics released the August national economy operation data for August The value added of the above industries increased year-on-year 5.2%, 0.7 percentage points faster than the previous month. Among them, the added value of the equipment manufacturing industry increased by 12.1%, and the high-tech manufacturing industry grew 16.7%. On the same day, the central bank carried out a 500 billion yuan 6-month reverse buyout operation with fixed quantities, interest rate tenders, and multiple price wins, corresponding to the maturity amount of 500 billion yuan, for an equal amount of renewal; at the sector level, the wind power equipment sector was driven higher by institutional analysis constrained by overseas offshore wind power supply. The direction of semiconductor equipment and storage was actively influenced by memory chip price increases and institutional research and reports. Material price increases The news that PCB manufacturers have initiated re-quotations led to the strengthening.
Popular sector aspects
1. The “wind power equipment” sector registered the highest increase. Jixin Technology, Daikin Heavy Industries, Tianshun Wind Energy, and Xihua Technology rose and stopped. Haili Wind Power rose 12.84%, Power Transmission rose 9.92%, and Pangu Smart rose 4.87%. According to the news, Norwegian consulting agency Rystad Energy analyzed that European offshore wind power expansion is facing structural supply constraints. Since 2020, the sales price of complete offshore fans (in MW) has risen by 40% to 45%, far exceeding the 20% to 25% increase in manufacturing costs during the same period.
2. [Semiconductor equipment, electronic chemicals] The semiconductor industry chain rebounded collectively. Qipai Technology rose 15.93%, Zhenbao Technology rose 12.34%, Huahai Qingke rose 8.64%, Tuojing Technology rose 7.99%, and Yitang shares rose 5.51%; the electronic chemicals sector opened low and went high, and Xilong Science rose and stopped. According to the news, institutional data shows that the average price of DRAM and NAND reached a record high in August. J.P. Morgan Chase raised the Fab Equipment Market Growth Forecast from 2025 to 2028 to a compound annual growth rate of 28%; Guoxin Securities Research Report is optimistic that the low localization rate of semiconductor equipment is ushering in a window of customer introduction, order volume, and share growth.
3. [Copper foil/copper-clad plate, electronic materials] The direction of electronic materials moves in reverse. The copper-clad plate concept index closed up 4.51%, leading the concept increase list; Aohong Electronics 3, Huazheng New Materials and Nord shares rose and stopped, and Fangbang shares rose 8.46%; Double Star New Materials 3 and Huaci shares rose and stopped. The MLCC Concept Index only rose 0.43% on the same day, which is partially active for individual stocks. Institutional research reports indicate that as the prices of electronic cloth, copper foil and CCL continue to rise, PCB manufacturers have initiated re-quotations one after another, and the third quarter is expected to become a starting point for improved product prices, capacity utilization, and order structures.
Adjust the section
The tourism and hospitality sector opened low, with Huatian Hotel, Guilin Tourism, Tianmu Lake, and Yunnan tourism falling to a standstill; the food concept continued to weaken, with Dunhuang seed industry and Xinnong Development falling for two consecutive days, Jinjian Rice and SDIC Fengle falling to a standstill; and the retail sector Guoguang Chain, Baida Group, and Guofang Group. In the above direction, the agricultural planting theme surged higher and fell last week, with the highest decline for two consecutive trading days this week.