The Zhitong Finance App learned that on September 29, the three major A-share indices collectively opened lower, then fluctuated and rebounded one after another. The market showed a pattern of “indices fluctuated narrowly, individual stocks generally rose, and volume contracted significantly before the holiday season.” By the midday close, the Shanghai index rose 0.08% to 3826.51 points, the Shenzhen index rose 0.41%, and the GEM index rose 0.34%. 4,053 stocks rose and 1,398 stocks fell across the market. The three markets of Shanghai, Beijing, and Shenzhen traded 884.3 billion yuan in half a day, down about 290 billion yuan from the previous trading day. In terms of capital, early trading saw a net inflow of the main capital into the pharmaceutical, telecommunications, real estate and other sectors. Among them, the pharmaceutical sector had a net inflow of more than 1.4 billion yuan; the battery sector had a net inflow of over 1.7 billion yuan.
Overview of the plate
On the upward side, the battery, components, real estate, and cultural media sectors registered the highest gains; on the downside, the coal mining and processing, diamond cultivation, and petroleum and petrochemical sectors registered the highest declines. Overall, the willingness to trade capital clearly cooled down before the holiday season, hot spots rotated rapidly, and capital was concentrated in the direction of policies and industrial catalysts such as solid-state batteries and PCBs. At the same time, driven by the National Standing Committee's deployment of “research and introduction to stabilize the real estate market” policy, the real estate chain collectively strengthened. The overall rise and fall of individual stocks increased or decreased, and the performance of small and medium capitalization stocks was stronger than their weight.
Popular sections
1. Solid-state battery concept explodes
The solid-state battery concept collectively strengthened in the intraday market. Wuhan Blue Power rose and stopped 30CM, Shangshui Smart went up and down 20CM, Shanghai Xiba, Guoxuan Hi-Tech, and Jinlongyu rose and stopped, Li Yuanheng rose more than 12%, and Lingge Technology and British Union shares had the highest gains.
Comment: According to news, on September 28, seven departments including the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Transport, the Ministry of Commerce, the General Administration of Market Supervision, the National Energy Administration, and the State Railway Administration jointly issued the “15th Five-Year Plan for the Development of the New Battery Industry”, which proposes that all solid-state batteries will initially be used on a large scale by 2030, and the cycle life of long-life lithium batteries will reach 15,000 cycles; the plan is to deploy 19 key tasks in 5 areas, including full-chain innovation and development and industrial transformation and upgrading, to clearly accelerate breakthroughs in all-solid-state battery industrialization technology. Solid-state battery industrialization expectations are heating up, driving related concept stocks to collectively rise.
2. The real estate sector is collectively strengthening
The real estate sector showed active performance. Shenzhen Property A had two consecutive gains, Cinda Real Estate, Hualian Holdings, and Binjiang Group. Vanke A hit a rise and fall in the intraday period, rising by more than 7% in half a day, and Special Development Services rising more than 9%. Rongsheng Development, Chinese enterprises, and Jindi Group had the highest gains.
Comment: According to the news, the executive meeting of the State Council was held on September 28. The meeting pointed out that it is necessary to introduce a number of practical incremental policies, optimize fiscal expenditure arrangements, make good use of local government debt balance limits, comprehensively apply and adjust monetary policy tools in a timely manner, increase reloan amounts such as scientific and technological innovation and technological transformation, agricultural support, etc., and study and introduce policies and measures to stabilize the real estate market and promote employment and income growth; on the same day, four departments including the Shanghai Housing, Urban-Rural Development Administration jointly issued the “Implementation Opinions on Implementing the 'Notice on Improving the Commercial Housing Sales System'” to clearly strengthen pre-sale management Implement six measures, including the sale of existing homes, in an orderly manner, and will take effect from September 28, 2026.
3. PCB and component concepts are rising
The PCB concept fluctuated and rebounded. Xunjiexing rose and stopped at 20CM, Eton Electronics, Oshcon, and Ultrasonic Electronics, and Shengyi Electronics, Jinlu Electronics, Qiangda Circuit, and Jinbaize had the highest gains.
Comment: According to the news, since entering 2026, copper prices, electronic cloth, substrates and PCBs have continued to rise, and the industry continues to be booming. Research reports from various institutions indicate that as the prices of upstream raw materials continue to rise, PCB manufacturers have initiated re-quotes one after another, and the price transmission mechanism in the industrial chain has gradually been opened up. According to Choice statistics, as of September 28, the agency had investigated 221 electronics and semiconductor companies in September, and leading companies in the PCB sector and semiconductor segments became the focus of institutional attention.
4. The cultural media sector is boosted
The cultural media sector showed active performance. Xinhua Media went up and down in 6 days, Xinhua Wenxuan went up and down, Gravity Media, Palm Reading Technology, and China Media Holdings went up and down. It's worth buying. Mango Supermedia, China Publishing, etc. had the highest gains.
Comment: According to news, on September 27, during the 10th Pingyao International Film Festival, ByteDance's Volcano Engine officially released the Seedance Film and Television Cooperation Program, which will provide token subsidies, promotion resources, and technical and tool support for global professional film and television projects. Individual project incentives can reach up to 1 million yuan, driving the strengthening of AI film, TV, and short dramas.