【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com (责任编辑：宋政 HN002) 格隆汇9月23日｜A股开盘，三大指数集体高开，沪指高开0.04%，深证成指高开0.68%，创业板指高开 1.02%。盘面上，现货黄金首破3750美元/盎司再创新高，西部黄金(601069)、湖南白银涨超2%；CPO概 念高开，剑桥科技、中际旭创(300308)涨近7%，光模块产业链多家上市公司计划扩产；消费电子概念继 续活跃，立讯精密(002475)、盈趣科技(002925)走出2连板，工业富联(601138)涨约6%；旅游及酒店板块 低开，云南旅游(002059)跌停，桂林旅游(000978)跌超7%。(格隆汇) ...

Group 1 - A-share tourism and hotel concept stocks experienced a decline at the beginning of trading on September 23, with Yunnan Tourism dropping over 8% [1] - Tibet Tourism and Guilin Tourism fell by more than 6% [1] - Xi'an Catering and Huaten Hotel decreased by nearly 5% [1]

Market Opening Summary - The A-share market opened with all three major indices rising, with the Shanghai Composite Index up by 0.04%, the Shenzhen Component Index up by 0.68%, and the ChiNext Index up by 1.02% [1] Sector Performance - The spot gold price broke through $3750 per ounce, reaching a new high, leading to significant gains in companies like Western Gold and Hunan Silver, both rising over 2% [1] - The CPO concept opened high, with Cambridge Technology and Zhongji Xuchuang both increasing nearly 7%, and multiple listed companies in the optical module industry planning to expand production [1] - The consumer electronics sector remained active, with Luxshare Precision and Yingqu Technology achieving two consecutive trading limit increases, while Industrial Fulian rose approximately 6% [1] - The tourism and hotel sector opened lower, with Yunnan Tourism hitting the daily limit down and Guilin Tourism dropping over 7% [1]

Market Overview - The A-share market saw all three major indices rise today, with the Shanghai Composite Index up 0.22%, Shenzhen Component Index up 0.67%, and ChiNext Index up 0.55% [1] - The total trading volume was 21,425 billion yuan, a decrease of 2,069 billion yuan from the previous day, with over 2,100 stocks in the green [1] - Key sectors that performed well included precious metals, consumer electronics, semiconductors, and liquid-cooled servers, while sectors like film and television, tourism and hotels, paper, energy metals, liquor, and pesticides underperformed [1] Market Sentiment - Following the Federal Reserve's interest rate cut last Thursday, the market briefly reached a new high of 3,899.96 points, just shy of the 3,900-point mark, but faced a sharp decline due to weakness in the financial sector [1] - The market has shown signs of temporary stabilization over the past two days, despite the reduced trading volume [1] Trading Volume Analysis - The core observation indicator for market momentum is the trading volume, which is essential for sustaining a bull market [3] - Continuous high trading volume indicates strong market participation and bullish sentiment, while declining volume suggests a lack of interest and potential downward pressure [3] Reasons for Low Trading Volume - The "pre-holiday effect" is influencing market activity, as investors tend to reduce holdings before holidays to avoid systemic risks, leading to decreased trading volume [5] - There is a lack of new major news catalysts in the short term, which has contributed to the market's inability to rally [6] - Technical indicators suggest a potential top formation in the market, which may further dampen buying interest and reinforce a cautious sentiment among investors [7] Market Outlook - The market is expected to remain in a consolidation phase before the National Day holiday, with limited upward movement anticipated [9] - Investors are advised to lower positions and wait for clearer signals before increasing exposure, while those looking to trade can consider buying near the lower end of the trading range and selling near the upper end [10] - Long-term bullish sentiment remains intact, with significant policy signals expected from the upcoming 20th Central Committee meeting in October, which could provide new direction for the market [14]

Core Viewpoint - The stock market showed a positive trend with all three major indices closing in the green, particularly driven by strong performances in the precious metals and consumer electronics sectors [1] Sector Summary - **Precious Metals Sector**: Continued strong performance with Hunan Silver hitting the daily limit up [1] - **Consumer Electronics Sector**: Exhibited strength throughout the day, with Hongfuhuan reaching the daily limit up of 20%, and several stocks like Changying Precision and Hongxi Technology rising over 20% [1] - **Semiconductor Chips**: Experienced fluctuations but showed strength, with Zhongke Lanyun also hitting the daily limit up [1] - **Declining Sectors**: The large consumption sector faced collective adjustments, with film and cinema, tourism and hotels, and dairy industries leading the decline, including stocks like Jinyi Film and China Film hitting the daily limit down [1] - **Weakness in Hyperbaric Oxygen Chamber Sector**: This sector saw declines, with Hangyang Co. leading the drop [1] Market Performance - The Shanghai Composite Index closed at 3828.58 points, up 0.22% - The Shenzhen Component Index closed at 13157.97 points, up 0.67% - The ChiNext Index closed at 3107.89 points, up 0.55% - Overall, there were more declining stocks than rising ones, with over 3100 stocks declining [1]

Market Overview - The A-share market saw a slight increase in the three major indices, with a focus on technology stocks, particularly in the consumer electronics, chip supply chain, and liquid cooling server sectors [1] - The total market turnover reached 2.14 trillion yuan, a decrease of 206.9 billion yuan compared to the previous day [4] Technology Sector - GPU leader Moer Thread's IPO on the Sci-Tech Innovation Board is scheduled for September 26, leading to a surge in related concept stocks [1] - Zhongke Shuguang (603019) hit the daily limit, closing at 117.51 yuan per share, with a total market value exceeding 170 billion yuan [1] - The chip supply chain remained active, with Demingli (001309) achieving a historical high with two consecutive limit-ups, and Haiguang Information rising nearly 11% to also reach a historical high [1] - SMIC's stock increased over 6%, with a latest market value of 1.03 trillion yuan and a trading volume close to 20 billion yuan, ranking first in A-shares [1] Liquid Cooling Server Concept - The liquid cooling server concept stocks experienced fluctuations but ultimately surged, with Industrial Fulian (601138) rising significantly and breaking the 70 yuan per share mark, reaching a historical high [3] Zodiac Concept Stocks - Stocks with "horse" in their names saw significant gains, with multiple stocks like Tianyi Ma (301178) and Demar Technology rising sharply [5] - The upcoming Year of the Horse in the lunar calendar has led to increased speculation in zodiac-themed stocks, following a historical trend of such stocks gaining traction in the fourth quarter [6][7] Precious Metals Sector - The gold sector saw a strong performance towards the end of the trading day, with stocks like Zhongjin Gold (600489) and Hunan Silver (002716) experiencing significant increases [4] Tourism and Hotel Sector - The tourism and hotel sector faced a downturn, with the tourism and hotel index declining, particularly for companies like Tianfu Cultural Tourism (000558) [8] - As the National Day and Mid-Autumn Festival approach, there is an increase in long-distance travel demand, with platforms reporting a notable rise in outbound travel intentions and flight bookings [10] Film and Entertainment Sector - The upcoming National Day holiday will see the release of over ten new films, indicating a trend towards sequels and IP-based productions, which may attract investor attention towards the film and cinema sector [11]

Market Overview - On September 18, the A-share market experienced a dramatic reversal, with major indices initially rising but then collectively plunging in the afternoon, leading to a final drop of 1.15% for the Shanghai Composite Index, closing at 3831.66 points [1][6] - The market saw over 4300 stocks decline, with only 1027 stocks rising, indicating a significant sell-off [6] Impact of Federal Reserve's Rate Cut - The Federal Reserve's rate cut, which was expected to be a positive factor, instead triggered profit-taking among investors, as the market had previously risen too quickly [7][14] - The rate cut reduced the federal funds rate target range to 4.00%-4.25%, marking the first cut since 2025, which is expected to ease global liquidity pressures and attract more international funds to A-shares and Hong Kong stocks [14][16] Sector Performance - Despite the overall market decline, certain sectors performed well, particularly the technology growth sector, with AI, semiconductors, and computing hardware stocks showing strong activity [9][14] - The tourism and hotel sectors also saw notable gains, benefiting from government consumption plans and subsidies [9] - Conversely, gold stocks and financial technology stocks faced declines, indicating a mixed performance across sectors [9] Market Dynamics and Future Outlook - The market is undergoing a transition in capital allocation and valuation logic, with a significant focus on hard technology companies, as evidenced by the inclusion of pharmaceutical and AI companies in the FTSE China A50 index [17] - Analysts suggest that while short-term market sentiment may be under pressure, the long-term outlook remains positive due to improved global liquidity from the Federal Reserve's actions, which is expected to support A-shares [18]

Core Points - The A-share market experienced a collective rise in the three major indices, with the Shanghai Composite Index closing at 3828.58 points, up 0.22% [1] - The Shenzhen Component Index closed at 13157.97 points, up 0.67%, while the ChiNext Index closed at 3107.89 points, up 0.55% [1] Market Performance - The total trading volume for the day reached 941.8 billion yuan for the Shanghai Composite, 1179.7 billion yuan for the Shenzhen Component, and 543.8 billion yuan for the ChiNext [1] - The sectors that performed well included precious metals, consumer electronics, and semiconductors, while sectors such as film and television, tourism and hotels, and paper-making saw declines [1] Sector Performance - The top-performing sectors included: - Precious metals with a rise of 6.18% [2] - Consumer electronics with a rise of 2.80% [2] - Automation equipment with a rise of 1.83% [2] - The sectors that faced the most significant declines included: - Film and television with a drop of 3.42% [2] - Tourism and hotels with a drop of 3.30% [2] - Paper-making with a drop of 2.17% [2]

Group 1 - The tourism and hotel sector experienced a decline in the afternoon, with Tianfu Cultural Tourism hitting the limit down, indicating significant selling pressure in the market [1] - Xizang Tourism fell over 6%, reflecting broader weakness in the sector [1] - Other companies such as Junting Hotel, Huatian Hotel, and Xi'an Tourism also showed weakness, contributing to the overall downturn in the industry [1]

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 ...