The Zhitong Finance App learned that on October 14, the three major A-share indices opened lower, and the trend diverged after bottoming out in early trading. The Shanghai Index maintained a narrow fluctuation in the red market after rapidly rising and turning red. The Shenzhen Index and the GEM index returned to decline after rushing higher. The market showed a pattern of “index differentiation, individual stocks fell more and less, and topics rotated rapidly.” By the midday close, the Shanghai Index rose 0.01% to 3801.13 points, the Shenzhen Index fell 0.51%, and the GEM index fell 1.15%. Nearly 1,800 stocks rose and over 3,600 stocks fell in the entire market. The Shanghai, Beijing, and Shenzhen markets traded 860.7 billion yuan in half a day, down 155.7 billion yuan from the previous trading day. In terms of capital, the Financial Services Association's monitoring data shows that in early trading, the main capital went net into sectors such as cultural media, petroleum and petrochemicals, national defense and military industry, with a net outflow from the semiconductor, communications, and telecommunications industries. Among them, the semiconductor sector had a net outflow of more than 1.5 billion yuan.
Overview of the plate
On the upward side, media such as games, film and television lines led the way, while the oil and gas extraction and service, and coal mining and processing sectors showed strong performance; on the downside, the wind power equipment, environmental protection equipment, and automobile vehicle sectors registered the highest declines. Overall, the semiconductor, communications, and telecommunications industries have experienced a net outflow of capital from the main forces. Capital is shifting to cultural media, petroleum and petrochemicals, national defense and military industries. Market hot topics focus on AI applications and resource cycles, and the money-making effect is concentrated in a few subject areas.
Popular sections
1. The collective explosion of AI comic concepts
The gaming, film and television cinema sector continued to rise after opening low. Ciwen Media continued to rise and fall at 20CM. Caesar Culture, E-Soul Network, Palm Reading Technology, Gravity Media, and New Classics rose more than 8%, and Xinhua Wenxuan dropped more than 9% to rise to a stop and staged a “groundbreaking board” to break out of the 13-day 9 board. By the midday close, the gaming sector index had risen 3.84%, the cinema line had risen 3.45%, and the cultural media had risen 3.04%.
Comment: According to news, the popularity of skit going overseas and AI content production continues to heat up. According to financial reports, Shenzhen will host a skit competition on October 15, with many listed companies attending; according to Sensor Tower data, ByteDance's skit app PineDrama has accumulated over 100 million downloads and 7 million daily active users about 9 months after it went live. In addition, the State Press and Publication Administration announced the September online game version approval information on September 30. A total of 206 domestic online games and 3 imported online games were approved in September, totaling 209, and the number of monthly editions exceeded 200 after August. According to the Securities Times, the number of editions in the first three quarters of this year increased by about 23% compared to the same period in 2025.
2. Strengthening of the oil and gas extraction and service sector
The oil and gas extraction and service sector had the highest gains. Bomeco rose and stopped, CNOOC rose more than 4%, Xinchao Energy and CNOOC Services rose more than 6%, and Keli shares followed suit. By the midday close, the oil and gas extraction and services sector index had risen 3.83%.
Comment: According to the news, international oil prices continued to rise in early trading in the Asian market on October 14. WTI crude oil futures rose more than 1% during the day, above 95 US dollars/barrel, and Brent crude oil futures reported around 107 US dollars/barrel. According to CCTV news, on October 14, local time, Saudi Aramco's administrative office building in Dhahran in eastern Saudi Arabia was attacked and a small-scale fire occurred, causing no injuries. Previously, the Saudi-led multinational coalition forces and the Houthis in Yemen launched air strikes on each other. Market concerns about the interruption of oil supply to the Middle East heated up, and the energy supply risk premium increased.
3. The coal mining and processing sector is active
The coal mining and processing sector rose, coal and electricity in Zhengzhou rose and stopped, the Jinkong coal industry rose by more than 5%, and Yunmei Energy and Antai Group followed suit. By the midday close, the coal mining and processing sector index had risen 1.42%.
Comment: According to the news, according to a report by Sina Finance, the thermal coal market quickly returned in the first week after the 11th long holiday. As of October 10, the liquidation price of 5,500 kcal thermal coal at North Port was 1003 yuan/ton, breaking the 1,000 yuan mark. The National Bureau of Statistics released data on October 14. In September, the Industrial Producer Ex-Factory Price Index (PPI) rose 5.0% year on year, 1.2 percentage points higher than the previous month, 1.2% month-on-month, and 0.8 percentage points higher than the previous month. The rise in energy-related prices led to a stronger resource cycle sector.
4. PCB Concept individual stocks continue to be active
Individual PCB Concept stocks continued to be active. Ultrasound Electronics had 2 consecutive shares, Aoho Electronics, Baoding Technology, and Walter shares rose and stopped, while Xingsen Technology and Kent shares had the highest gains.
Comment: According to a report by Gelonghui, on October 13, Jiantao Laminate, the world's leading copper clad board, once again issued a price adjustment notice to customers, uniformly increasing the sales price of sheets and PP semi-cured sheets using thin cloth below 2116 (inclusive) as raw materials for production by 15%, making it the eighth round of price increases since 2026. Also, according to a report by the China Securities News, the price of electronic cloth has continued to rise since October. The price of 7628 ordinary electronic cloth has increased by 1.5 yuan/meter, the e-yarn G75 has risen by 3,000 yuan/ton, and the thin cloth (2116 and 1080 models) has risen 2.5 yuan/meter. Many leading companies have confirmed that the price increase is true, and the overall inventory of the industry is in a tight balance.