EASTMONEY(SZ:300059) Di Yi Cai Jing·2025-09-18 07:28Market Overview - The stock market experienced a broad decline, with over 4,300 stocks falling and only more than 1,000 stocks rising [1] - Major indices closed lower: Shanghai Composite Index at 3,831.66, down 1.15%; Shenzhen Component Index at 13,075.66, down 1.06%; ChiNext Index at 3,095.85, down 1.64% [2][1] - The trading volume in the Shanghai and Shenzhen markets reached 3.135 trillion, an increase of 758.4 billion from the previous trading day [1] Sector Performance - Precious metals, rare earths, finance, and film sectors saw significant declines, while sectors like CPO, liquid-cooled servers, and semiconductors were active [4] - The precious metals sector continued its downward trend, with notable declines in stocks such as Xiaocheng Technology (over 11% drop) and Hunan Silver and Western Gold (over 6% drop) [5] Individual Stock Movements - The securities sector faced substantial losses, with Guosheng Financial and Great Wall Securities dropping over 6%, and several others falling over 4% [6] - Semiconductor stocks showed strong performance, with Huicheng Co. rising over 14%, and several others like Zhongwei Company and Saiwei Microelectronics increasing by over 10% [6] Capital Flow - Main capital flows showed net inflows into electronics, machinery, and communications sectors, while banks, non-bank financials, and metals experienced net outflows [7] - Specific stocks with net inflows included Heertai, Hengtong Optic-Electric, and Chuanrun Co., while stocks like Dongfang Wealth and CITIC Securities faced significant sell-offs [7] Institutional Insights - CITIC Securities noted a structural change in the market, shifting focus from overseas computing power chains to domestic computing power, with potential growth in robotics and semiconductor sectors [8] - Everbright Securities highlighted that increased liquidity and risk appetite could lead to rotation strategies in the market [9] - Galaxy Securities maintained a long-term bullish outlook on chips, despite acknowledging short-term volatility risks [10]