The Zhitong Finance App learned that on September 23, the three major A-share indices collectively closed down and receded. The Beijing Stock Exchange 50 bucked the trend and surged and led the overall rise, while individual stocks in the Shanghai and Shenzhen markets fell more or less. At the close, the Shanghai Stock Exchange Index fell 0.39% to 3936.52 points, the Shenzhen Securities Index fell 0.64% to 13636.07 points, the GEM index fell 0.60% to 3379.61 points, Science and Technology Innovation 50 fell 0.25% to 1660.85 points, and the Beijing Stock Exchange 50 rose 2.60% to 1074.04 points. The daily turnover of the Shanghai and Shenzhen markets was about 1764.976 billion yuan, down about 370.6 billion yuan from the previous trading day. The Shanghai and Shenzhen markets rose 1891 individual stocks, fell 3,564, and closed 113, up and down 51 and 15, accounting for about 34% of the gains. On the market, real estate services, copper-clad panels, quantum technology, composite fluid collectors, non-metallic materials, semiconductor materials, electronic chemicals, etc. registered the highest gains; sectors such as film and television, cultural media, coal mining, coal chemicals, departure tax rebates, trade and retail registered the highest declines.
Drivers
The three major indices collectively closed down. The Shanghai Stock Exchange Index fell 0.39%, the Shenzhen Securities Index fell 0.64%, the GEM Index fell 0.60%, and Science Innovation 50 fell 0.25%. Only the Beijing Stock Exchange 50 bucked the trend and surged 2.60%. The turnover of the Shanghai and Shenzhen markets was about 1764.976 billion yuan, down about 370.6 billion yuan from the previous trading day, or about 17%.
The Shanghai and Shenzhen markets rose 1891 individual stocks, fell 3,564, rose and stopped 51, and fell 15. The number of companies that rose accounted for about 34%, and individual stocks fell more and less.
The real estate service sector rose 3.31%, leading the industry; Huayuan Holdings and I Love My Family stepped out of the trifecta; the copper-clad plate concept rose 3.13% to lead the concept sector; the quantum technology concept rose higher in the afternoon, and Puyuan Precision rose and stopped by 20CM.
On September 23, the Beijing Stock Exchange ushered in “one subscription, one listing”. The issue price of one of the new shares was 4.26 yuan/share, the lowest for A-shares in the year.
Popular sector aspects
1. [Real estate services] The real estate services sector rose by 3.31%, leading the entire market industry. Huayuan Holdings and I Love My Family broke out of the 3-game streak. Vanke hit a stop in the A session and closed up 2.89%. According to the news, the newly revised “Regulations on the Administration of Housing Provident Funds” came into effect on September 20, and online transactions for second-hand housing in Shanghai have been active recently.
2. [Copper foil/copper-clad plate] The copper-clad plate concept rose 3.13%, leading the concept sector, active in composite fluid collectors, electronic chemicals, etc. Zhongyi Technology rose to a halt by 20CM, while ultrasound electronics rose 7.85%. According to the news, Jiangxi Hongruixing Technology announced on September 22 that the factory price of copper clad plate products will be raised by 10%. China Jushi has previously raised the price of electronic cloth.
3. [Quantum Technology] The quantum technology concept fluctuated higher in the afternoon, and the sector rose by 2.92%. Puyuan Precision went up and down 20CM, Dongfang Zhongke and Tianao Electronics rose and stopped, HKUST rose 11.91%, and National Shield Quantum rose 8.98%. On the news, according to a report by the Financial Federation, the US quantum computing concept stock IonQ rose more than 5% after the market, and the company showed the industry's first end-to-end real-time quantum error correction decoder.
Adjust the section
Sectors such as film and television, cultural media, coal mining, coal chemicals, and departure tax rebates had the highest declines on the same day. The media industry weakened throughout the day. China Television Media and China Media Holdings fell to a standstill, CITIC Publishing fell 12.36%; the coal sector declined, and Yunmei Energy fell to a standstill.