当然，整点时刻，又有一些拉升护盘的迹象。所以汪汪队控制慢牛节奏，可能也意味着慢熊，跌起来可能也会持续阴跌为主，偶尔来一根大中阴线。值得 一提的是午后2点多跌停数量有点明显，已经有19家了，而涨停数量只有45个。说明高位股的回落还是比较明显的。跌幅超过3%的票也已经有500个了。 实际上今天我们看到微盘股跌1.1%，它是持续跌破了4条均线，30天线都破掉了，有头尖顶的结构了。 上午是上海市场是横盘震荡为主，深圳市场出现了几次跳水、几次拉升，波动幅度比较大，明天中午的时候也有一次强势拉升，结果午后开盘10分钟左右 又开启了一波跳水。现在不清楚能不能守住，因为已经在创盘中的新低了。昨天我分析市场下跌有五大理由，其中有一个要重申一下，就是国庆长假要到 了，节前通常是有缩量的，而且主力资金不愿意拉高，然后承受一周的外盘波动风险。 今天结束之后就还有7个交易日，所以未来几天基本上可以确认市场量能会逐渐的萎缩，昨天是3.14万亿，今天就只有2.4万亿了。 两点缩量已经达到6,000 亿了，在这种情况下你不要想强势拉起来很难，这种反差还是过于明显的带量下跌、缩量反抽，还不如缩量下跌呢。今晚我们看到主力资金2点出逃了600 多 ...

Market Overview - The market experienced a downward trend on September 19, with all three major indices closing lower: Shanghai Composite Index down 0.30%, Shenzhen Component Index down 0.04%, and ChiNext Index down 0.16% [2] - Over 3,400 stocks in the market closed lower, with trading volume significantly shrinking to 2.32 trillion yuan, a decrease of 811.3 billion yuan compared to the previous trading day [2] Technical Analysis - The Shanghai Composite Index showed a larger decline, with its daily K-line falling below the 20-day moving average and approaching the 30-day moving average, indicating a challenging technical outlook [3] - Both Shenzhen and ChiNext indices maintained an upward trend above the 5-day moving average despite closing with doji candlesticks [5] Market Sentiment - Following the pattern of "big drop followed by recovery," several sectors initiated a rebound, with the Shenzhen and ChiNext indices showing positive performance for longer periods during the day [7] - However, the overall market recovery was weak, with a significant reduction in trading volume, indicating a decline in short-term sentiment [7] Sector Performance - The top-performing sectors included energy metals, tourism, and photolithography, with energy metals rising by 3.23% and tourism and hotels increasing by 2.08% [14][17] - The energy metals sector is particularly noteworthy due to the upcoming 2025 Suining International Lithium Battery Industry Conference, which aims to enhance lithium battery technology innovation [16][17] Investment Opportunities - The tourism sector is expected to benefit from the upcoming "super golden week" during the National Day holiday, with a reported 45% year-on-year increase in cross-province travel orders [17] - The photolithography sector is gaining traction due to recent developments in domestic chip manufacturing, particularly following announcements from Huawei regarding its Ascend chip roadmap [20] Company Developments - Shanghai Construction Group faced a rapid decline, hitting the limit down after a five-day winning streak, reflecting broader market trends [7] - The engineering machinery sector is showing signs of recovery, driven by various factors including military, civil explosives, and automotive components, with notable stocks like Shanhe Intelligent returning to the spotlight [22]

Market Overview - The A-share market experienced a collective decline across the three major indices, with the Shanghai Composite Index closing at 3820.09 points, down 0.30% [1] - The Shenzhen Component Index closed at 13070.86 points, down 0.04%, while the ChiNext Index ended at 3091.00 points, down 0.16% [1] Sector Performance - The top-performing sectors included energy metals, education, and tourism & hotels, with energy sectors rising by 3.23% [2] - The education sector increased by 2.08%, and the tourism & hotel sector also saw a rise of 2.08% [2] - Conversely, the worst-performing sectors were electrical machinery, rubber products, and automotive services, with electrical machinery declining by 3.77% [2] - Rubber products fell by 2.78%, and automotive services decreased by 2.61% [2] Trading Volume and Capital Flow - The total trading volume for the A-share market reached 10163.48 billion yuan, with a total turnover of 10163.48 billion yuan for the Shanghai Composite Index [1] - The energy sector had a net inflow of 16.57 billion yuan, while the automotive parts sector experienced a significant net outflow of 108.53 billion yuan [2]

Core Viewpoint - The A-share market experienced a significant drop following the Federal Reserve's interest rate cut, with all three major indices closing down over 1% and more than 4,300 stocks declining [2][4][5] Group 1: Market Reaction to Federal Reserve's Decision - The Federal Reserve lowered the federal funds rate target range by 25 basis points to 4.00%-4.25%, aligning with market expectations [3] - The Fed's dot plot indicates two more rate cuts are expected within the year, totaling 50 basis points [3] - A-shares saw a sharp decline after initially rising, with the Shanghai Composite Index nearly losing the 3,800-point mark [4] Group 2: Market Dynamics and Investor Sentiment - The A-share market's drop was attributed to several factors, including weakness in financial heavyweight stocks, a technical correction following the Fed's rate cut, and psychological pressure at key market levels [6] - The total trading volume in the A-share market exceeded 3 trillion yuan for the first time since August 29, marking a significant increase in market activity [5] - Despite the overall market decline, certain sectors like precious metals and semiconductors showed resilience, with some stocks experiencing significant gains [5] Group 3: Future Outlook and Investment Strategies - Analysts suggest that the Fed's rate cut could stabilize the A-share market's slow bull trend, potentially leading to increased foreign investment [7] - The impact of the Fed's actions on global liquidity conditions may improve market sentiment and provide opportunities for investors to buy quality stocks during market corrections [6][7] - Historical data indicates that following Fed rate cuts, the Shanghai Composite Index has a higher probability of rising over the next 90 days compared to the Dow Jones [7]

9月18日，三大指数冲高快速回落。板块上，旅游及酒店概念股逆势拉升，曲江文旅涨停，云南旅游实 现"2连板"，西藏旅游、西安旅游、华天酒店等多股跟涨。 0:00 万联证券研报称，在居民旅游出行需求持续复苏以及政策支持的双重驱动下，旅游及景区公司营收回 暖。从五一黄金周旅游数据来看，居民旅游热情高涨，旅游市场持续回暖，240小时免签入境停留时间 叠加新推出的离境退税"即买即退"优惠政策陆续出台，共同推动入境人数再攀高峰。调休工作日的减少 使得更多游客选择拼假开启早鸟游或节末错峰游，推动长线游目的地表现亮眼，各地创新和丰富消费场 景，以多元供给激发消费潜力、市场活力，为游客带来深度体验。 消息面上，商务部等9部门日前发布《关于扩大服务消费的若干政策措施》，提出五方面19条举措进一 步扩大服务消费。包括开展"服务消费季"系列促消费活动，支持优质消费资源与知名IP跨界合作，因地 制宜延长热门文博场馆、景区营业时间，优化预约方式，鼓励推行免预约，优化学生假期安排，完善配 套政策等，增加优质服务供给，更好满足人民群众多样化服务消费需求。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） ...

Market Overview - On September 18, A-shares experienced a significant decline, with all three major indices dropping over 1%, specifically the ChiNext Index down 1.64%, Shanghai Composite Index down 1.15%, and Shenzhen Component Index down 1.06% [1] - The total trading volume in the A-share market reached 3.17 trillion yuan, an increase of 763.7 billion yuan compared to the previous day [1] - Over 4,300 stocks in the market fell, while the robotics sector continued to perform strongly, with Shoukai Co. hitting the daily limit for the 11th time in 12 days [1] Federal Reserve Rate Cut - The Federal Reserve's decision to cut interest rates by 25 basis points was in line with market expectations, with Chairman Powell indicating no broad support for a larger cut [2] - Following the rate cut, global commodity prices, including gold, saw a significant decline, with spot gold dropping from a historical high of $3,700 per ounce to around $3,650 per ounce [2] Banking Sector Performance - The banking sector faced a comprehensive downturn on September 18, with major banks like Changshu Bank and Agricultural Bank of China seeing declines of over 2% [3] - Since reaching a historical high on July 11, the banking sector indices have fallen over 13%, breaking below the 120-day moving average for the first time in a year [3] Shareholder Actions - Despite the downturn in the banking sector, several listed banks have seen shareholder increases, indicating confidence in their future prospects [4][5] - For instance, Everbright Bank's major shareholder has increased its stake by 0.02%, while Nanjing Bank's major shareholder raised its stake from 12.56% to 13.02% [5] Future Market Outlook - Analysts suggest that the recent market decline may be a temporary adjustment, with expectations of a potential upward trend resuming after the correction [8] - Historical patterns indicate that if the market is in a slow bull phase, significant increases may not occur in the next six months, while a fast bull phase could lead to a shorter adjustment period [8] - The possibility of a global central bank rate cut following the Fed's decision could provide further support for the A-share market, potentially leading to a second wave of upward movement [8]

Market Performance - On September 18, the three major A-share indices collectively closed lower, with the Shanghai Composite Index at 3831.66, down 1.15%; the Shenzhen Component Index at 13015.66, down 1.06%; and the ChiNext Index at 3095.85, down 1.64% [1] - The total trading volume for the day was 31,666 billion yuan, an increase of 7,637 billion yuan compared to the previous day [1] Sector Performance - In terms of sector performance, tourism and hotel, CPO hardware, pharmaceutical commerce, and wind power equipment sectors saw the largest gains [5] - Notable stocks included Yunnan Tourism and Qujiang Cultural Tourism, which hit the daily limit, while Xizang Tourism, Xian Tourism, and Huatian Hotel rose over 6% [5] - The CPO sector saw Dekeli and Huafeng Technology also hit the daily limit, with Guangku Technology rising by 15% [5] - In the pharmaceutical sector, China National Pharmaceutical surged to the daily limit, and Liuyuan Group rose over 5% [5] Monetary Policy Impact - The Federal Reserve announced a 25 basis point rate cut, bringing the federal funds rate to a range of 4% to 4.25% [5] - The rate cut is viewed as a "risk management" measure rather than the beginning of a series of cuts, which has led to some market disappointment [5] - Analysts suggest that the Fed's decision opens up more room for monetary policy adjustments in China, potentially leading to rate cuts and reserve requirement ratio reductions to stimulate the economy and stabilize the real estate and stock markets [6][7] - The overall sentiment is that the current A-share and Hong Kong markets are in a slow bull market, expected to last two to three years, encouraging investors to maintain confidence and patience [6]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 今天，A股三大指数集体回调。全市场成交额为31666亿元，较上日增加7637亿元。截至收盘，上证指 数下跌1.15%，深证成指下跌1.06%，创业板指下跌1.64%。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | 3831.66 | 13075.66 | 3095.85 | | -44.68 -1.15% | -139.80 -1.06% | -51.50 -1.64% | | 跌 4350 | | 涨1027 > 18.6 | | 今日成交额总计31666亿 较上一日增量+7637亿 | | | 午后，多只高位股"炸板"，大盘回调。临近尾盘，旅游股逆势拉升，曲江文旅（维权）直线拉升涨停。 从板块来看，机器人板块分化，首开股份（维权）走出"12天11板"；低价股表现活跃，香江控股、山子 高科、上海建工均实现"5连板"。芯片产业链逆势上涨，中芯国际创历史新高。旅游、CPO、芯片产业 链等板块涨幅居前，有色金属、大金融、稀土永磁等板块跌幅居前。 旅游股上涨 临近尾盘，旅游股逆势拉升，曲江文旅涨停， ...

Market Performance - A-shares experienced a significant decline on September 18, with the Shanghai Composite Index closing at 3831.66 points, down 1.15% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 3.135 trillion yuan, an increase of 758.4 billion yuan compared to the previous trading day, marking the third highest volume of the year [1] - The tourism sector showed resilience, with stocks like Yunnan Tourism and Qujiang Cultural Tourism hitting the daily limit [1] Sector Highlights - The tourism and hotel, automotive services, pharmaceutical commerce, F5G, CPO, and photolithography sectors saw significant gains [2] - Conversely, sectors such as precious metals, securities, diversified finance, gold, internet insurance, and pork experienced notable declines [2] Institutional Insights - According to Jifeng Investment Advisory, the tourism and hotel sector is leading in gains, supported by a loosening of liquidity in the domestic capital market due to the Federal Reserve's interest rate cuts [3] - China International Capital Corporation noted that the Federal Reserve's recent 25 basis point rate cut aligns with market expectations, but there are significant divisions regarding future rate cuts [3] Industry Developments - The National Energy Administration reported that as of the end of August, the total number of electric vehicle charging infrastructure units reached 17.348 million, a year-on-year increase of 53.5% [5] - The National Development Bank disclosed that it has issued over 6 trillion yuan in loans for key infrastructure projects since the beginning of the 14th Five-Year Plan [6] Company Innovations - Panasonic plans to launch its next-generation solid-state batteries aimed at the robotics market by the fiscal year ending March 2027 [8] - The new batteries will first be applied in industrial robots and tire pressure monitoring systems, leveraging their advantages in high-temperature environments [8]

Market Overview - The A-share market experienced a collective downturn in the afternoon session, with the Shanghai Composite Index closing at 3831.66 points, down 1.15% [1] - The Shenzhen Component Index closed at 13075.66 points, down 1.06% [1] - The ChiNext Index closed at 3095.85 points, down 1.64% [1] - Total trading volume reached 13659.62 billion yuan for Shanghai and 17691.95 billion yuan for Shenzhen [1] Sector Performance Gaining Sectors - The tourism and hotel sector led the gains with an increase of 2.19%, totaling a trading volume of 1906.88 million hands and a net inflow of 191.33 million yuan [2] - The automotive services sector rose by 2.14%, with a trading volume of 877.84 million hands and a net outflow of 10.25 million yuan [2] - The rubber products sector increased by 1.64%, with a trading volume of 380.43 million hands and a net inflow of 60.28 million yuan [2] Declining Sectors - The high-end materials sector saw the largest decline at -4.80%, with a trading volume of 779.60 million hands and a net outflow of 12.64 million yuan [2] - The industrial metals sector fell by 3.93%, with a trading volume of 5334.15 million hands and a net outflow of 88.56 million yuan [2] - The small metals sector decreased by 3.62%, with a trading volume of 1186.68 million hands and a net outflow of 48.01 million yuan [2]