Venture(US:VEMLY) Sou Hu Cai Jing·2025-10-17 08:57Market Overview - The market experienced a turbulent adjustment with all three major indices dropping over 2% during the day, with the Shanghai Composite Index down 1.95%, the Shenzhen Component down 3.04%, and the ChiNext Index down 3.36% [1][7] - The total trading volume in the Shanghai and Shenzhen markets reached 1.94 trillion yuan, an increase of 6.9 billion yuan compared to the previous trading day [1] Sector Performance - Defensive sectors showed strong performance, particularly the natural gas sector, which saw stocks like Guo Xin Energy hitting the daily limit, and other companies such as Changchun Gas and Tianhao Energy also performing well [2] - The banking sector also performed relatively well, with Agricultural Bank of China reaching a new high, alongside other banks like Xiamen Bank and Qingdao Bank [2] - The energy sector is undergoing a significant transformation due to global energy restructuring and domestic market reforms, with natural gas being a key transitional energy source [2] Individual Stock Movements - Technology stocks faced significant declines, with companies like ZTE Corporation and Shengyi Technology hitting the daily limit down, indicating a shift in market sentiment and risk appetite [4] - Despite the overall market downturn, some stocks have shown independent rallying, such as Hefei Urban Construction in the storage sector and Daqin Energy in the coal sector, indicating pockets of speculative trading [5] Future Market Analysis - The market is expected to continue facing challenges, with the Shenzhen Component and ChiNext Index both dropping over 3%, and the Shanghai Composite Index breaking through key moving averages [7] - The focus should remain on defensive dividend assets, as well as potential rebounds in sectors that align with index recoveries, while maintaining caution regarding the overall market's volatility [7]