The Zhitong Finance App learned that on October 8, the three major A-share indices opened with mixed ups and downs, then surged higher and lower. The market showed a pattern of “index differentiation, strengthening resource stocks, and a correction in technological growth.” By the midday close, the Shanghai Index fell 0.27% to 3831.84 points, the Shenzhen Index fell 1.24% to 12727.71 points, the GEM index fell 2.13% to 3068.62 points; Science and Technology Innovation 50 fell 3.66%. More than 2,000 individual stocks rose and more than 3,300 stocks fell in the entire market. The three markets of Shanghai, Beijing, and Shenzhen traded 1114.1 billion yuan in half a day, an increase of 1969 billion yuan over the previous trading day. In terms of capital, early trading saw a net inflow of the main capital into the electronics industry, basic chemicals, national defense and military industries, etc., with a net outflow from electronics, semiconductors, communications, etc., with a net outflow of over 7.1 billion yuan from the electronics sector.
Overview of the plate
On the upward side, sectors such as shipping ports, oil and gas extraction and services, and gas registered the highest gains, while sectors such as coal mining and processing, and batteries also rose; on the downside, sectors such as semiconductors, CPO (optical modules), and biological products registered the highest declines. Overall, on the first trading day after the holiday, capital flowed out from high-ranking technology growth sectors such as electronics and semiconductors to resources such as shipping, oil and gas, and coal, as well as dividend assets such as banks. The Bank of China and the Industrial and Commercial Bank hit record highs in the intraday period, and individual stocks declined more or less.
Popular sections
1. The solid-state battery concept bucked the trend and was active
The solid-state battery concept bucked the trend and was active. Times Wanheng had 4 consecutive boards, Zizhu Hi-Tech and Chuanyi Technology had 3 consecutive boards, and Lingpai Technology, Fengyuan Co., Ltd., Xiongtao shares, and Mustang Battery rose and stopped. At one point, Jinyinhe hit a rise and fall of more than 16% in the middle of the day, and Liwang shares hit a 30CM rise or fall in the intraday period.
Comment: According to the news, seven departments including the Ministry of Industry and Information Technology jointly issued the “15th Five-Year Plan for the Development of the New Battery Industry” on September 28, which proposes that all solid-state batteries will initially be used on a large scale by 2030, with a cycle life of 15,000 cycles, and promoting standard development in key areas of new batteries such as all-solid-state batteries and sodium batteries.
2. The shipping port sector is getting stronger
The shipping port sector strengthened. COSCO Marine rose and stopped within 1 minute of opening; China Merchants Shipping and China Southern Oil rose and stopped; Haitong Development, COSCO Haiter, and Air China Ocean followed suit.
Comment: According to the news, according to CCTV news, on October 7, local time, Iran said it would block the “illegal” waterway in the Strait of Hormuz and said that the strait would continue to be closed until the relevant requirements were met; on the same day, an oil tanker was hit by multiple projectiles in the waters off Qatar. The situation in the Middle East continues to disrupt crude oil shipping supply expectations. According to data from the Baltic Sea Exchange, the cost of renting a very large tanker (VLCC) to transport US crude oil to Asia has risen to 77 million US dollars, compared to an average of 9.2 million US dollars in 2025. In addition, China Merchants Shipping announced on the evening of September 30 that its wholly-owned subsidiary signed a 25-year long-term transportation agreement with the customer for 6 very large ore carriers (VLOC). The total contract amount is expected to be no less than 2.8 billion US dollars.
3. The oil and gas sector collectively rose
The oil and gas sector rose collectively. China Renewable Energy rose and stopped, Shouhua Gas rose nearly 8%, Tongyuan Petroleum rose more than 6%, Blue Flame Holdings rose 6%, and Shufa Gas and Tianhou Energy continued to rise.
Comment: According to the news, international crude oil prices generally rose during the “Eleventh” holiday. On October 8, Brent crude oil futures were operating at around 102 US dollars/barrel; the International Energy Agency issued a statement on October 7, local time, saying that its member governments agreed to speed up the implementation of the oil reserve release plan announced in March this year. If all reserves promised but not yet released are put on the market, it is expected that about 100 million barrels of oil will also be released.
4. Individual stocks in the real estate sector are active
The real estate sector opened low and moved high in early trading. Individual stocks showed active performance. Lujiazui rose and stopped. Shenzhen Property A once hit a rise or fall in the afternoon, closed up nearly 8%. The World Bank declined after hitting a rise and stop in the intraday period, and Daming City and I Love My Family continued to rise.
Comment: According to the news, on September 29, the Ministry of Finance, together with the People's Bank of China and the General Administration of Financial Supervision, issued the “Notice on Implementing the Interest Rate Discount Policy for Residents' Home Purchase Loans”. Starting October 1, interest rates will be discounted for residents using newly issued commercial personal housing loans to purchase their first home. The implementation period of the policy is tentatively set for 1 year. According to the China Securities News holiday survey, due to policies such as interest rate discounts on home purchase loans, property markets in Beijing, Shenzhen, Guangzhou and other places have increased their attention, and the number of people viewing properties at sales offices has increased.