Market Overview - The market experienced a pullback after a previous rally, with all three major indices closing lower. The Shanghai and Shenzhen markets had a trading volume of 2.52 trillion yuan, an increase of 83.2 billion yuan from the previous trading day. Over 3,300 stocks declined, indicating a broad market weakness [1][7]. - The Shanghai Composite Index fell by 0.12%, the Shenzhen Component Index decreased by 0.43%, and the ChiNext Index dropped by 1.09% [1]. Sector Performance - The non-ferrous metals sector showed strong performance, with stocks like Shengda Resources and Northern Copper hitting the daily limit. Other notable gainers included Yunnan Copper and Jiangxi Copper [2]. - The storage chip sector also saw gains, with Demingli reaching the daily limit. The demand for storage solutions is driven by limited capacity and higher-than-expected demand from data centers, which account for 55% of Micron's revenue [3][5]. - The financial and liquor sectors collectively declined, reflecting a broader market trend of weakness in these areas [1]. Commodity Prices - On September 11, London Metal Exchange (LME) prices for basic metals rose across the board, with LME aluminum up by 2.06% to $2,679.00 per ton, LME zinc up by 0.64% to $2,905.00 per ton, and LME copper up by 0.44% to $10,057.00 per ton [2][6]. Investment Insights - According to Guosen Securities, the recovery in the non-ferrous metals industry is not a broad-based rally but rather a structural opportunity shaped by macro liquidity, industrial policies, and geopolitical factors. Investors are advised to focus on supply-demand balance changes and sector-specific trends rather than betting solely on the industry cycle [2]. - The storage chip market is entering a clear upward trend, supported by increased enterprise-level storage demand and seasonal inventory replenishment in consumer electronics [3][5]. Individual Stock Movements - In the computing hardware sector, stocks like Fangzheng Technology and Jingwang Electronics saw consecutive gains, while others like Xinyi Sheng and Zhongji Xuchuang experienced declines of over 4% [5]. - The short-term trading sentiment has improved, with a 60% success rate for stocks achieving consecutive gains. Low-priced stocks are attracting more active capital, indicating potential for short-term speculative trading [5].
每日收评三大指数冲高回落全线收跌,全市场超3300股飘绿,存储芯片概念逆势活跃
Sou Hu Cai Jing·2025-09-12 09:20