Venture(US:VEMLY) 2 1 Shi Ji Jing Ji Bao Dao·2025-09-23 10:01Market Overview - A-shares experienced fluctuations on September 23, with the Shanghai Composite Index recovering above 3800 points, while the Shenzhen Component Index narrowed its decline [1] - The Shanghai Composite Index closed down 0.18% at 3821.83, and the Shenzhen Component Index fell 0.29% to 13119.82 [2] - The total trading volume in the Shanghai and Shenzhen markets reached 2.52 trillion yuan, an increase of 376 billion yuan compared to the previous trading day [2] Sector Performance - The banking sector showed resilience, with notable gains from Nanjing Bank (up nearly 5%), Industrial and Commercial Bank of China, and China Construction Bank (both up over 3%) [3] - The semiconductor sector led the market, with stocks like Changchuan Technology hitting the daily limit, and other companies like Demingli and Zhangjiang Hi-Tech also seeing significant gains [4] - The port and shipping sectors experienced a rebound, while tourism, Huawei-related stocks, and small metal sectors faced declines [2] Gold Market Insights - International gold prices continued to rise, reaching historical highs, with COMEX gold nearing the 3800 USD mark and London gold surpassing 3750 USD [8] - Domestic gold jewelry prices increased, with brands like Chow Tai Fook raising their prices from 1085 yuan/gram to 1098 yuan/gram [8] - Analysts from Shanghai Securities noted that the long-term logic for gold's price increase remains intact, driven by factors such as de-dollarization and potential interest rate cuts by the Federal Reserve [10] Strategic Outlook - According to China International Capital Corporation, the overall market may experience high-level fluctuations, with a focus on structural opportunities despite potential volatility due to rotation [7] - The investment strategy suggested is to "lose time in the short term but not space in the long term," indicating a preference for long-term positions in less crowded sectors [7]