AGRICULTURAL BANK OF CHINA(SH:601288) Zheng Quan Shi Bao·2025-09-04 09:42Market Overview - A-shares continued to decline on September 4, with the Shanghai Composite Index dropping over 2% at one point, while the ChiNext Index fell over 5% before narrowing its losses towards the end of the trading session [1] - The Shanghai Composite Index closed down 1.25% at 3765.88 points, the Shenzhen Component Index fell 2.83% to 12118.7 points, and the ChiNext Index dropped 4.25% to 2776.25 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 25,823 billion yuan, an increase of 1,862 billion yuan compared to the previous day [1] Sector Performance - The semiconductor sector led the decline, with stocks like Cambricon falling over 14% and several others dropping more than 10% [1][12] - The CPO concept stocks also saw significant declines, with New Yisheng and Tianfu Communication dropping over 15% [1][12] - Conversely, the food and beverage, tourism, and retail sectors experienced a collective rise, with stocks like Runpu Food and Huanlejia hitting the daily limit [1][8] Financial Sector - The financial sector showed signs of recovery towards the end of the trading session, with brokerage and banking stocks rebounding [3] - Pacific Securities hit the daily limit, while Huayin Securities rose nearly 6% [3] - Agricultural Bank of China saw a rise of over 5%, reaching a new historical high, and its market capitalization surpassed that of Industrial and Commercial Bank of China, making it the new "universe bank" [5][6] Banking Sector Performance - In the first half of 2025, listed banks reported a total operating income of 2.92 trillion yuan, a year-on-year increase of approximately 1%, and a net profit attributable to shareholders of 1.1 trillion yuan, up 0.8% year-on-year [6] - The banking sector is expected to benefit from improving fundamentals and policy measures aimed at boosting consumer demand [7] Consumer Sector Trends - The consumer sector is showing signs of recovery, with a focus on quality upgrades and new consumption opportunities driven by technological advancements [10][11] - The food and beverage sector saw strong performance, with several stocks reaching their daily limits [8][9] Technology Sector Decline - The technology sector, particularly semiconductors and chips, experienced significant declines, with stocks like Dongxin falling over 17% and Cambricon dropping over 14% [12][13] - Cambricon has seen a cumulative decline of over 24% in the past five trading days after reaching a historical high [14]