news

cailianshe reported on september 18 that the market bottomed out and rebounded throughout the day, and the shanghai composite index once fell below 2,700 points during the session. on the market, lithography machine concept stocks collectively rose sharply, with tongfei co., ltd., wavelength optoelectronics, highly co., ltd., zhangjiang hi-tech co., ltd. and others hitting the daily limit. real estate stocks rose in the afternoon, with woaiwojia, cccc real estate, and electronic city hitting the daily limit. diversified financial concept stocks moved abnormally during the session, with hongye futures and jiuding investment hitting the daily limit. state-owned enterprise reform concept stocks continued to be active, with baobian electric once performing a "ground-sky board" during the session, with more than 10 stocks such as ruitai technology, baota industry, longgao co., ltd., and dalian thermal power hitting the daily limit. on the downside, consumer electronics concept stocks began to adjust, with many stocks such as dongshan precision falling by more than 5%. overall, more stocks fell than rose, with more than 3,600 stocks falling in the entire market. the turnover of the shanghai and shenzhen stock markets today was 479.3 billion yuan, a decrease of 45.4 billion yuan from the previous trading day, setting the third lowest volume this year. as of closing, the shanghai composite index rose 0.49%, the shenzhen component index rose 0.11%, and the chinext index fell 0.11%.

sector

in terms of sectors, the photolithography sector has the highest increase, with tongfei co., ltd., wavelength optoelectronics, highly co., ltd., zhangjiang hi-tech, jinghua laser and other stocks hitting the daily limit, while xinlai materials, lanying equipment, sudawei, jingrui electric materials and other stocks have the highest increase. on the news front, the ministry of industry and information technology issued the "guidelines for the promotion and application of the first major technical equipment (2024 edition)". among them, under the catalog of electronic special equipment, integrated circuit production equipment includes argon fluoride gkj, light source 193 nanometers, resolution ≤65nm, and overlay ≤8nm.

however, it should be noted that this news was actually released on the evening of september 9, but it was only during the holiday period that it attracted market attention and discussion and fermented again. compared with the so-called technological breakthrough, the rise of the lithography machine concept today is essentially more inclined to emotional game. from the market perspective, the internal differentiation of the lithography machine sector is more obvious, and the stocks in the back row have fallen first. therefore, for this theme, the focus should be on the core targets with higher activity.

diversified financial stocks moved in the afternoon, with avic industrial finance, hongye futures, and jiuding investment hitting their daily limit, and xiangyi rongtong, ruida futures, and xinli finance leading the gains. the big financial sector has been active in recent intraday trading. avic securities' research report analyzed the dynamics of the financial market from multiple dimensions, including macroeconomic policies, the us dollar index, the funding side, and the interest rate bond market, including the positive promotion of policy orientation, as well as the challenges brought about by market liquidity and interest rate changes. therefore, in this context, we can still pay attention to the rotation opportunities in the direction of banks, insurance, and non-bank financial institutions in the future.

the real estate sector fluctuated and rose in the afternoon, with china communications construction real estate and electronic city hitting their daily limit, while shahe shares, gemdale group, urban construction development, and airport shares were among the top gainers. on the news front, the head of the relevant department of the central bank said that in the next step, monetary policy will be more flexible, moderate, precise and effective, increase the intensity of regulation, speed up the implementation of the financial policy measures that have been issued, and start to launch some incremental policy measures to further reduce corporate financing and resident credit costs.

citic securities said in its latest research report that due to the traditional off-season in august and the marginal weakening of policies in core cities, the absolute sales volume of commercial housing nationwide is at a historically low level, and demand confidence is still insufficient. whether the market can continue to recover in the future still depends on the pace and intensity of the subsequent policy follow-up and the improvement of residents' expectations. for real estate stocks, we can focus on three major directions in the future: 1) real estate companies with no liquidity risks and still good fundamentals for land acquisition and sales; 2) bottom elastic targets that are expected to improve significantly after policy easing; 3) real estate brokerage companies driven by the increase in second-hand housing transaction volume.

individual stocks

from the perspective of individual stocks, the short-term hot money in the market is still centered around the concept of state-owned enterprise reform and reorganization. among them, shuangcheng pharmaceutical has advanced to the 4th consecutive board, and baobian electric has also staged a "ground-to-sky board" during the trading session. there is still a certain high-low rotation inside. for example, hainan haiyao and huaying technology both hit the limit at the opening stage today, and tianmao group plunged again in the late trading and finally closed at the limit. it can be seen that in the context of insufficient incremental funds, the continuity of the consecutive board relay is still relatively difficult to guarantee. on the other hand, the original popular targets such as shenzhen huaqiang and laobaixing also moved during the trading session. therefore, the capital game between the old cycle group targets and the popular stocks hyped by the concept of state-owned enterprise reform may continue in the future.

in addition, it should be noted that the concept of state-owned enterprise reform is superimposed behind the lithography machine stocks such as highly and zhangjiang hi-tech, real estate stocks such as cccc real estate and electronic city, and diversified financial stocks such as hongye futures. for this direction, it is difficult to accurately grasp the subdivision of the rebound due to the scattered distribution of the sectors. it is still better to regard it as a plus point in the short-term theme speculation, which may have a higher winning rate.

market analysis

today, the market bottomed out and rebounded. the shanghai composite index regained 2,700 points, but the volume further shrank and fell below 480 billion again. although the shanghai composite index closed in the red with a low volume, it does not mean that the decline has stopped and stabilized, but it can also be seen that after the index experienced a continuous decline, there were signs of exhaustion of selling, and the overall market momentum has recovered. on the other hand, with the previous high-level sectors making up for the decline, the bottom characteristics of the market gradually emerged. in addition, the re-activation of weighty sectors such as real estate and large finance also played a certain supporting role in the overall market. in addition, from the perspective of liquidity, the fed's interest rate cut expectations may improve the macro and micro liquidity of a-shares in the short and medium term. therefore, for the future market, tomorrow's trend is more critical. if it can increase the volume again, it may rebound in the short term. at that time, we should still focus on the direction of themes that can resonate with the index.

today's short-term sentiment indicators are still relatively low, and the sentiment indicators fluctuated around the freezing point throughout the day.

market news focus

1. china index academy: the “golden september” started off flat, and new home sales during the mid-autumn festival continued to decline

cailianshe reported on september 18 that the traditional peak season of "golden september" had a dull start. according to data from china index academy, the average daily sales area of ​​new homes in 25 representative cities during this year's mid-autumn festival (september 15 to september 17) fell by about 29% compared with the holiday in 2023. xu yuejin, deputy director of research at china index academy, said that during the mid-autumn festival, shanghai luxury homes still maintained a high level of attention, but the overall market performance was average under the influence of the typhoon. the number of visits to projects in the core areas of guangzhou, hangzhou, chengdu, and tianjin was acceptable, while shenzhen, suzhou, nanjing and other places performed relatively dull during the holiday, and short-term customers were in a wait-and-see mood.

2、10 csi a500 etfs raised nearly 10 billion yuan in total, and 2 of them closed ahead of schedule

according to a report by cailianshe on september 18, the issuance of csi a500etf is still in full swing on the first day after the holiday. according to incomplete statistics from cailianshe reporters, the first batch of 10 csi a500etfs have raised nearly 9.7 billion yuan in total since the five trading days of fundraising. among them, harvest csi a500etf announced the early end of fundraising on the last trading day before the mid-autumn festival. today, morgan csi a500etf also announced the early closure of fundraising, which means that shenzhen stock exchange and shanghai stock exchange each have one product closed in advance. the remaining eight products being issued, the csi a500etf under invesco great wall, fuguo and huatai-pinebridge have raised more than 1 billion yuan.