Venture(US:VEMLY) Di Yi Cai Jing·2025-09-23 07:30Market Overview - The overall market saw over 1,100 stocks rise, with more than 50 stocks hitting the daily limit up, while over 4,200 stocks declined [4] - On September 23, the ChiNext index turned positive at the end of trading after previously dropping over 2%. The Shanghai Composite Index fell by 0.18%, the Shenzhen Component Index decreased by 0.29%, and the ChiNext Index increased by 0.21% [1][2] Index Performance - Shanghai Composite Index closed at 3,821.83, down 6.74 points or 0.18% [2] - Shenzhen Component Index closed at 13,119.82, down 38.16 points or 0.29% [2] - ChiNext Index closed at 3,114.55, up 6.67 points or 0.21% [2] Sector Performance - Most industry sectors experienced declines, with tourism, Huawei Pangu, digital currency, and medical services showing the largest drops. However, the port shipping, banking, precious metals, and semiconductor sectors saw minor declines [5] - The banking sector rebounded collectively, with Nanjing Bank rising over 4%, and Industrial and Commercial Bank of China and China Construction Bank increasing over 3% [6] Capital Flow - Main capital flows showed net inflows into banking, electric equipment, automotive, and coal sectors, while there were net outflows from electronics, computers, communications, and pharmaceutical sectors [7] - Specific stocks with significant net inflows included Wolong Nuclear Material, Shanghai Construction, and N You Sheng, with inflows of 1.094 billion, 1.020 billion, and 693 million respectively [7] - Stocks experiencing notable net outflows included Shanzi Gaoke, Dongfang Wealth, and Luxshare Precision, with outflows of 2.019 billion, 1.954 billion, and 1.953 billion respectively [7] Institutional Insights - Shenwan Hongyuan Securities noted that the current market trend reflects an imbalance in capital flow, favoring high-tech, high-growth, and high-market-cap stocks. The recent adjustments are attributed to profit-taking ahead of the holiday, with the market expected to maintain a range between 3,700 and 3,900 [8] - Zhongtai Securities indicated that the market is not returning to a state of consolidation but is in a fluctuation pattern that began in early September. The current adjustments are considered healthy, and investors should look for opportunities in previously strong stocks that have corrected [8] Semiconductor Sector - The semiconductor sector showed signs of recovery, with stocks like Changchuan Technology and Xidian Co. hitting the daily limit up of 20%. Other stocks such as Demingli and Lianangwei also saw significant gains [9]