The Zhitong Finance App learned that on August 28, A-shares soared and fell. The three major indices collectively closed down, and the Double Innovation Index all fell by more than 1%. At the close, the Shanghai Stock Exchange Index fell 0.11% to 3952.18 points, the Shenzhen Securities Index fell 0.68% to 13953.07 points, the GEM index fell 1.41% to 3424.40 points, Science and Technology Innovation 50 fell 1.85% to 1662.15 points, and the Beijing Stock Exchange 50 fell 1.04% to 1063.80 points. The turnover of the Shanghai and Shenzhen markets was about 2101,715 billion yuan, down about 24.212 billion yuan from the previous trading day. In the entire market, 3013 stocks rose and 2,390 fell, rising and stopping 83 and falling 3, accounting for about 54% of the rising stocks. In terms of sectors, fishery (+4.55%), real estate services (+3.75%), accessories (+3.42%), refining and trade (+2.66%), agricultural product processing (+2.65%), chemical raw materials (+2.42%) had the highest gains; biological products (-2.73%), medical services (-2.13%), semiconductors (-2.12%), electronic chemicals (-1.80%), and communication equipment (-1.56%) had the highest declines.
driving factors
On the same day, the three major indices surged higher and fell collectively, leading the decline. The GEM Index fell 1.85%, the GEM Index fell 0.68%, and the Shanghai Composite Index fell 0.11%. However, 3013 individual stocks rose and stopped in the market, with 83 stocks rising, accounting for about 54%. The turnover of the two markets was about 2101,715 billion yuan, down about 24.212 billion yuan from the previous day. Agriculture is leading the way, with fishery, planting, and agricultural product processing showing the highest gains. Dunhuang seed industry, Xinsai shares, Wanxiang Denong, and reclaimed fishery have risen and stopped, and Chicago wheat futures prices have risen to the highest level in three years. HSBC pointed out that the agricultural supply chain is facing multiple impacts from the Middle East conflict, the escalation of regional wars, and extreme weather such as El Niño. There was a collective increase in the chemical direction. Chemical raw materials, chemicals, agrochemicals, refining and trade increased the highest. Jinniu Chemical, Huajin Co., Ltd., Luhua Technology, Lutianhua, and Chitianhua rose and stopped. Institutional research reports indicate that global chemical production capacity supply is tight, downstream inventories remain low, and subsequent demand for inventory replenishment is expected to be concentrated. Gold jewelry rebounded. Shenzhen China A recorded 7 consecutive games, and Raisen Tongling went up and down. Pharmaceuticals and semiconductors led the decline, with biological products, medical services, semiconductors, and communication equipment leading the decline.
Popular sector aspects
1. [Agricultural Planting and Fishery] Fishery, planting, and agricultural product processing strengthened across the board. The fishery sector increased by 4.55%, the planting industry by 2.16%, and agricultural product processing by 2.65%. Many stocks such as Dunhuang Seed Industry, Xinsai Shares, Wanxiang Denong, Zhongshui Fisheries, and Guannong Co., Ltd. rose and stopped. The catalyst was for Chicago wheat futures prices to rise to the highest level in three years. HSBC pointed out that the agricultural supply chain faced multiple impacts from the Middle East conflict, the escalation of regional wars, and extreme weather such as El Niño.
2. [Chemical] A collective rise in the direction of chemical raw materials, chemicals, agrochemicals, refining and trade. Many stocks such as Jinniu Chemical, Huajin Co., Ltd., Luhua Technology, Lutianhua, and Chitianhua rose and stopped. The Catalysis Agency Research Report indicates that the global supply of chemical production capacity is tight, downstream inventories remain low, and subsequent demand for inventory replenishment is expected to be concentrated.
3. The [Gold and Jewelry] jewelry sector rose 3.42%, and gold concept stocks rebounded. Shenzhen China A recorded 7 consecutive boards. RaiShen Tongling went up and down, and Baiyin had an increase of nearly 6%.
Adjust the section
Pharmaceuticals and semiconductors led the decline. The decline in biological products, medical services, CRO, vaccines, etc. was the highest. Wanbang Pharmaceutical fell more than 17%, Baihua Pharmaceutical fell more than 7%; the semiconductor sector fell more than 2%, and electronic chemicals and communication equipment also weakened. There was a large increase in the previous period in the above direction, and the decline on the same day was the highest.