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on september 3, the market fluctuated and diverged throughout the day. the shenzhen component index and the chinext index rebounded, and the shanghai composite index once fell below 2,800 points during the session. high-dividend stocks such as banks collectively adjusted. as of the close, the shanghai composite index fell 0.29%, the shenzhen component index rose 1.17%, and the chinext index rose 1.26%.

in terms of sectors, cssc, huawei ora, e-cigarette, and st sectors led the gains, while banks, insurance, oil and gas, and highways led the losses.

overall, more stocks rose than fell, with more than 3,900 stocks rising in the market. the turnover of the shanghai and shenzhen stock markets today was 580.6 billion yuan, down 125.1 billion yuan from the previous trading day.

following yesterday's sharp drop, a-shares today seemed to have replicated the market of last thursday (august 29), with a "negative plus negative equals positive".

do you know how similar today is to last thursday?

on that day, the title we pushed out was, and we once thought that this was an opportunity for the market to change its style and start a rebound.

todaybank stocks led the decline again.the total a-share transaction volume was similar to that day, around 600 billion yuan.

what is even more coincidental is that during these two trading days,most stocks in the market are actually performing well.

this can't help but make people wonder -

was yesterday’s big drop just the market “testing selling pressure” during the slump?

will tomorrow's big rise be replicated? is the "golden september and silver october" market still expected?

bank stocks led the decline again, and the shanghai composite index fell below 2,800 points during the session

as soon as the market opened in the morning, the shanghai composite index showed a clear separation from the shenzhen composite index and the chinext index. the reason was that the banking sector weakened again. following the decline of banking stocks, large-cap blue-chip stocks such as sinopec, which performed well yesterday, also fell.

it can be said that the shanghai composite index's loss of 2,800 points during the trading session and its performance against the trend in the previous period are closely related to the trend of these "high dividend + weight" sectors.it can be said that "profit and loss come from the same source."

when banks fall, it is the turn of other stocks in the market to perform. in the early trading, the number of stocks that rose exceeded 4,500, and the csi 500 and csi 1000 etfs, which represent small and medium-sized stocks, rose significantly.

but today's protagonists are not entirely small-cap stocks.from the intraday chart below, we can see that the yellow line (leading index) that ran above the white line at the beginning of the session gradually fell back around 10:20, giving way to the heavyweight stocks in the relevant index.

for today alone, the new energy track is the "weight" sector that supports the shenzhen index and the chinext index.

back to the banking sector, some believe that although banking stocks tried to perform yesterday,but the switching of market styles is visible to the naked eye.this may be related to expectations of interest rate cuts.

guotai junan research report pointed out that considering that the federal reserve has basically confirmed that it will start cutting interest rates in september, and the procyclical release of domestic exporters' demand for foreign exchange settlement is also driving the exchange rate to strengthen, the resonance of the internal and external macroeconomic environment means that the probability of a second domestic interest rate cut has greatly increased.judging from previous market trends, if expectations of interest rate cuts materialize, bank stocks will basically undergo a period of adjustment.correspondingly, the performance of individual stocks has improved.

zhang chi of guotai junan securities believes that if there is a significant interest rate cut in september, it will "sound the horn" for the market attack.

consumer electronics concept is active, with some stocks rising 13 times in 14 days

in the early afternoon trading, shenzhen huaqiang once again hit the daily limit, recording the 13th daily limit in 14 days, with an interval increase of up to 258%.

since august 15, the only trading day when the stock did not hit the daily limit was the failure of the “10 into 11” attempt last thursday.

looking at it now, the stock's break is not terrible. compared with many stocks that broke through the "ceiling and floor" last week, it is very gentle.

this may be due to both luck and the continued popularity of the consumer electronics concept.in addition to shenzhen huaqiang, koson technology, which is in the same sector, also recorded 7 consecutive boards today, which is the current highest short-term board.

according to the news, huawei's three-fold screen mobile phone is getting closer and closer and may be officially unveiled next week.

it is reported that after warming up the new product on september 2, huawei terminal released a warm-up video on september 3. at the end of the video, it was announced that the new product will be named "huawei mate xt extraordinary master".

when yu chengdong reposted the weibo, the name was also shown at the end of the post.

the industry predicts that huawei mate xt may be huawei's first three-fold screen mobile phone.

next tuesday (september 10) at 14:30, huawei will hold a press conference for its extraordinary brand festival and hongmeng intelligent driving new products. coincidentally, apple has also announced the time of its autumn new product press conference, which is 1:00 am beijing time on september 10, with the theme of "highlight moments".

some people believe that unless the two stocks above, which represent the current market heights, turn weak, this round of consumer electronics market will not end easily.

however, it should be noted that large-cap mid-cap stocks such as lingyi intelligent manufacturing and goertek did not fully recover today after yesterday's sharp drop, indicating that funds are more inclined to cluster around the front-row core targets.as the event node approaches, we should be careful about the risk of cashing out.

the “china shipbuilding group” collectively rose sharply

as expected, the cssc stocks collectively opened higher today, with the increase leading significantly. as of the close, kunchuan intelligent technology co., ltd. hit the daily limit of 20cm, cssc technology co., ltd. hit the daily limit, cssc hanguang co., ltd. rose by more than 9%, and cssc emergency co., ltd. and jiuzhiyang co., ltd. followed suit.

on the news front, china shipbuilding announced last night that the company and china heavy industry are planning to merge china shipbuilding with china heavy industry by issuing a shares to all shareholders of china heavy industry. this transaction constitutes a related transaction and is expected to constitute a major asset reorganization as stipulated in the "administrative measures for major asset reorganization of listed companies". this transaction will not lead to a change in the actual controller of the company.

as of the suspension on september 3, the total market value of china shipbuilding was 156.1 billion yuan and the total market value of china heavy industry was 113.6 billion yuan.

huatai securities research report stated that the implementation of the restructuring plan of china shipbuilding and china heavy industry will deeply integrate the advantageous scientific research, production and supply chain resources of both parties, and promote the deep integration and upgrading of advanced shipbuilding and repair technologies.

of course, for ordinary investors, what may be more worthy of attention is whether the rise will be sustainable?

as shown in the weekly chart above, the last big surge in the china shipbuilding industry corporation occurred from the end of april to mid-may last year. the current sector is close to the starting point of the previous round of market, and is also in a shock box after the decline.

it should be pointed out that the last round of outbreak was largely supported by the "china special valuation" market. the restructuring plans of china shipbuilding and china heavy industry were implemented, driving the sector to surge, which is actually still a continuation of the asset integration logic.

therefore, whether the market can continue to rise in recent trading days depends mainly on the willingness of funds in the market; but if we expect the sector as a whole to have the same strength as last year, it may lack some "right time".

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