Venture(US:VEMLY) Feng Huang Wang Cai Jing·2025-10-17 07:15Market Overview - The market experienced a turbulent adjustment with all three major indices dropping over 2% during the day. The Shanghai Composite Index fell by 1.95%, the Shenzhen Component Index decreased by 3.04%, and the ChiNext Index declined by 3.36% [1][2]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.94 trillion, an increase of 69 billion compared to the previous trading day [1][6]. Index Performance - The Shanghai Composite Index closed at 3839.76, down by 1.95% with a loss of 76.47 points [2]. - The Shenzhen Component Index ended at 12688.94, down by 3.04% with a loss of 397.47 points [2]. - The ChiNext Index closed at 2935.37, down by 3.36% with a loss of 102.07 points [2]. - The North 50 Index decreased by 3.75%, closing at 1432.87 [2]. Sector Performance - Defensive sectors showed strong performance, with the gas sector rising against the trend, and Guo Xin Energy achieving three consecutive gains in four days [1]. - The banking sector performed well, with Agricultural Bank reaching a new high [1]. - The port and shipping sector exhibited localized strength, with Hai Tong Development achieving two consecutive gains [1]. - Conversely, several heavyweight stocks weakened, with ZTE Corporation hitting the daily limit down and Sunshine Power dropping by 11% during the day [1]. - The electric grid and energy storage sectors faced significant declines, with Huaming Equipment and Igor hitting the daily limit down [1][3]. Market Sentiment - A total of 4783 stocks declined, while only 602 stocks increased, indicating a bearish market sentiment [5]. - The market saw 44 stocks hitting the daily limit up and 28 stocks hitting the daily limit down [5].