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“老登”起舞，“小登”回调！节前资金调仓忙，金融科技、人工智能、创新药等ETF被逢跌抢筹
Xin Lang Ji Jin·2025-09-28 11:57

Market Overview - A-shares experienced fluctuations with the Shanghai Composite Index down 0.65%, Shenzhen Component Index down 1.76%, and ChiNext Index down 2.60, with a total market turnover of 2.15 trillion yuan [1][2] - Over 3,400 stocks in the market declined, while traditional sectors like real estate, liquor, and banking showed resilience [1][2] Real Estate Sector - The real estate sector outperformed, with the real estate ETF (159707) rising over 1%, reaching a new high for the year, and seeing a net purchase of 23.5 million shares [1][3][5] - The implementation of new housing policies in Shanghai led to a significant increase in new home transactions, with a 30% month-on-month increase in the first week and a 19% increase overall for the month [5][6] - Analysts suggest that the easing of policies in major cities may lead to a short-term recovery in the housing market, with a focus on high-quality developers and those benefiting from debt relief and improved sales [5][6] Food and Beverage Sector - The food and beverage sector, represented by the food ETF (515710), showed a slight decline of 0.16%, with the overall performance of liquor stocks being weak [8][9] - Moutai's sales volume reportedly doubled, with significant growth observed in September, indicating a potential recovery in the liquor market [11][12] - The food ETF's underlying index is at a low valuation, suggesting a good opportunity for long-term investment [12][13] Hong Kong Market - The Hong Kong stock market faced declines, particularly in the internet and innovative drug sectors, with the Hong Kong Internet ETF (513770) down 2.6% and the Hong Kong Innovative Drug ETF (520880) down 1.44% [2][15] - Despite the downturn, there were signs of active buying in the innovative drug sector, indicating potential opportunities for investors [15][19] - Analysts maintain a positive long-term outlook for the Hong Kong market, suggesting that the technology sector may recover as it shifts focus from competition to AI-driven growth [18][19]