Market Overview - A-shares experienced a decline with all three major indices dropping over 1% by midday on September 23, 2023, with over 4900 stocks falling [1] - The Shanghai Composite Index closed at 3781.61 points, down 1.23%, with a trading volume of 722.4 billion yuan; the Shenzhen Component Index closed at 12916.41 points, down 1.84%, with a trading volume of 974.2 billion yuan; the ChiNext Index closed at 3053.48 points, down 1.75%, with a trading volume of 457 billion yuan [1] Sector Performance - Banking stocks collectively rose, with notable increases in Nanjing Bank, Xiamen Bank, China Construction Bank, and Agricultural Bank of China, each gaining over 3% [1] - The port and shipping sector showed resilience, with Nanjing Port and Ningbo Maritime both hitting the daily limit [1] - The semiconductor industry continued its strong performance, with stocks like Changchuan Technology and Lianang Micro reaching the daily limit, and Huasoft Technology achieving three consecutive trading limits [1] - Conversely, tourism stocks faced significant declines, with Yunnan Tourism hitting the daily limit down, and software stocks mostly fell, with Wangda Software also hitting the daily limit down [1][2] Institutional Insights - Huatai Securities recommends the e-commerce and express delivery sectors, noting that despite August being a traditional off-season, the industry is experiencing increased activity due to anti-involution trends, with expectations for continued price increases through the end of the year [3] - Everbright Securities highlights a recovery in the domestic excavator market, with significant policy support expected to sustain mid-term demand for construction machinery [3] - Galaxy Securities remains optimistic about the computing power sector, particularly in PCB, domestic computing power, IP licensing, and chip inductors, anticipating a recovery in the foldable screen market by 2026 [4] Policy Developments - The Ministry of Industry and Information Technology announced plans to explore new sectors such as humanoid robots, brain-computer interfaces, the metaverse, and quantum information during the 14th Five-Year Plan period, aiming to establish a modern industrial system [5] Telecommunications Sector - The telecommunications industry reported a cumulative revenue of 118.21 billion yuan for the first eight months of 2023, reflecting a year-on-year growth of 0.8%, with a total business volume growth of 8.8% when adjusted for last year's prices [6] Investment Trends - The KraneShares CSI China Internet ETF (KWEB) has seen inflows for six consecutive weeks, marking the longest streak since February, with a total inflow of $599 million over this period [7]
午评：三大指数震荡调整 全市场超4900只个股下跌
Zhong Guo Jin Rong Xin Xi Wang·2025-09-23 04:05