The Zhitong Finance App learned that on September 3, the three major A-share indices opened higher and then retreated higher and closed for a few minutes. At the close, the Shanghai Composite Index reported 3942.09 points, up 0.02%; the Shenzhen Securities Index reported 13625.12 points, up 0.10%; the GEM Index reported 3312.54 points, up 0.01%; Science and Innovation 50 reported 1611.17 points, down 0.40%; and the Beijing Stock Exchange 50 reported 1088.75 points, down 1.61%. The daily turnover of the Shanghai and Shenzhen markets was 1.76 trillion yuan, down about 32.3 billion yuan from the previous trading day. Individual stocks rose by 1,846, fell by 3,570, rose and stopped by 46, and dropped by 17. The number of companies that rose accounted for about 33%. In terms of sectors, shipping ports, insurance, precious metals, motors, and other power supply equipment registered the highest gains; real estate services, feed, glass and fiberglass, ground armaments, advertising and marketing, and large state-owned banks registered the highest declines.
driving factors
On the same day, the three major indices closed several times, but individual stocks generally declined, and the sector was divided significantly. First, the shipping port sector rose 2.99%, leading the Shenwan secondary sector. The Baltic Dry Bulk Index (BDI) reported 3,331 points, a new high since December 2023, up 5.51% from the previous month.
Second, the insurance sector rose 2.58%. The total net profit of the five major insurers in the first half of the year was 317.387 billion yuan, an increase of 78.12% over the previous year, and all introduced mid-term dividend plans.
Third, precious metals and industrial metals strengthened. The US ADP private sector employment data for August fell far short of expectations, the lowest since January this year. International gold prices rebounded in the short term. Hunan silver rose 7.81%, and silver came to a standstill.
Fourth, topics such as cultivating diamonds, humanoid robots, and liquid-cooled servers are active, and the Yellow River whirlwind rose 7.93%.
Fifth, high-ranking popular stocks that had increased significantly in the previous period fell to a standstill. Chuanzhi Education, Shenzhen China A, Yiming Foods, Ellie Home, and Xinsai shares fell to a standstill, accounting for only 33% of the total market gains.
Popular sector aspects
1. Shipping port: The sector rose 2.99%, ranking first in Shenwan's second-tier industry. Haitong Development rose and stopped, COSCO Marine rose 8.77%, China Merchants Shipping rose 8.37%, and Phoenix Shipping rose 5.73%. The Baltic Dry Bulk Index (BDI) reported 3,331 points, a new high since December 2023, compounded by the tense geographical situation in the Middle East and higher oil freight rates.
2. Precious metals: The sector rose 2.18%, Hunan silver rose 7.81%, Hunan gold rose 5.07%, CICC gold rose 4.01%, and silver stopped. The US ADP private sector employment data for August fell far short of expectations, and international gold prices rebounded in the short term.
3. Insurance: The Insurance II sector rose 2.58%, China Taibao rose 3.69%, China Life Insurance rose 2.94%, Ping An of China rose 2.42%, and Xinhua Insurance rose 2.26%. The five major insurers had a total net profit of 317.387 billion yuan in the first half of the year, an increase of 78.12% over the previous year. They all introduced mid-term dividend plans, with total disbursements exceeding 39 billion yuan.
Adjust the section
Sectors such as real estate services, glass and glass fiber, feed, ground equipment, advertising and marketing had the highest declines. Among them, real estate services fell 3.47%, glass and glass fiber fell 2.24%, ground armaments fell 2.16%, and feed fell 2.75%. In terms of individual stocks, many popular stocks such as Chuanzhi Education, Shenzhen China A, Yiming Foods, Ellie Home, Xinsai Co., Ltd., and Jinniu Chemical fell to a halt. The above sectors and individual stocks all had large gains in the previous period, with the highest declines on the same day.