A股午评 | 双创指数均跌逾2% 市场逾4100股飘绿 科技回调、周期股升温

Market Overview - The A-share market experienced a decline with over 4100 stocks in the red, as the Shanghai Composite Index fell by 1.00%, the Shenzhen Component Index by 1.99%, and the ChiNext Index by 2.37% as of the midday close [1] - Dealing with external shocks, the market began to shrink in volume, reflecting a certain level of risk aversion, with value sectors represented by dividends likely to continue outperforming in the short term [1][5] - If the market does not see increased volume, indices may continue to face pressure from range-bound fluctuations [1] Sector Performance Technology Sector - The technology sector saw significant adjustments, with computing power, semiconductors, and consumer electronics leading the declines [1] Coal Sector - The coal sector maintained its strength, with companies like Dayou Energy achieving six gains in five days, and other firms such as Baotailong and Zhengzhou Coal Electric also rising [3] - Reports indicated that the strongest cold air of the year is expected to impact China, which may lead to improved coal prices and profits for coal companies in the fourth quarter [3] Banking Sector - The banking sector showed resilience, with Agricultural Bank of China hitting new highs and the banking index rising for seven consecutive days [1] Pharmaceutical Sector - The innovative drug concept stocks performed well, with Huabang Health hitting the daily limit, alongside other companies like Shenlian Bio and Shutaishen also seeing gains [2] Institutional Insights Short-term Market Adjustments - According to招商证券, short-term adjustments are inevitable, but the market still shows resilience, with the potential for indices to reach new highs post-adjustment [4] - 德邦证券 noted that the market's shrinkage reflects risk aversion, but value sectors may continue to outperform in the short term, with future growth sectors still worth long-term investment [5] Long-term Outlook - 东方证券 suggested that short-term adjustments will not alter the overall upward trend of the market, emphasizing that technology stocks remain the main focus for investors [6][7]