AGRICULTURAL BANK OF CHINA(SH:601288) Zheng Quan Shi Bao Wang·2025-10-17 05:05Core Viewpoint - The banking sector showed resilience amidst a broader market decline, with Agricultural Bank of China reaching a new historical high in its stock price [3][6]. Market Overview - The A-share market experienced a significant adjustment on October 17, with major indices declining. The ChiNext Index and the STAR Market 50 Index saw declines exceeding 2%, while the Shanghai Composite Index fell below the 3900-point mark [4]. - By midday, the Shanghai Composite Index was down 1% at 3877.2 points, the Shenzhen Component Index fell 1.99% to 12825.85 points, the ChiNext Index dropped 2.37% to 2965.47 points, and the STAR Market 50 Index decreased by 2.62% [4]. Sector Performance - The power equipment sector led the decline, with a drop exceeding 3%. Notable stocks such as Jinpan Technology saw a decline of over 12%, and several others hit the daily limit down [4][5]. - The electronics sector also faced significant losses, with declines over 3%. Stocks like Nanya New Materials and Sijian New Materials experienced drops of nearly 14% and 11%, respectively [4][5]. - Conversely, the banking sector was one of the few to perform well, with an overall increase of nearly 1%. Agricultural Bank of China reached a peak of 7.69 CNY per share, marking a new historical high [3][6]. New Listings - A new stock, Daosheng Tianhe, debuted and saw a remarkable increase of over 400% during the morning session [9]. - Daosheng Tianhe is a national high-tech enterprise focused on the research, production, and sales of new materials, particularly in the fields of wind power, new energy vehicles, and energy storage [12].