The Zhitong Finance App learned that on October 16, the three major A-share indices collectively opened higher, then the trend diverged. The GEM index and Shenzhen index fluctuated and rebounded after bottoming out, and the market showed an active pattern of “collective index rise, rapid rotation of hot spots, and a unilateral explosion in the military industry.” By the midday close, the Shanghai index was up 0.95%, the Shenzhen index was up 1.19%, and the GEM index was up 0.96%. More than 4,800 individual stocks rose in the entire market. The Shanghai and Shenzhen markets traded 962.6 billion yuan in half a day, down 19.2 billion yuan from the previous trading day. In terms of capital, early trading saw a net inflow of main capital into electronics, semiconductors, pharmaceuticals, etc., and net outflows from sectors such as cultural media, non-ferrous metals, and film and television. Of these, the net inflow of the electronics sector exceeded 4.7 billion yuan.
Overview of the plate
On the upward side of the market, the military equipment and aerospace sectors rose sharply and led the way, with more than 10 constituent stocks rising and stopping; the low-altitude economic concept showed active performance, and the local stock, real estate, pork breeding, and wind power equipment sectors in Fujian followed suit. In terms of adjustments, the PCB concept surged and declined, and individual stocks within the sector were divided, and Sihui Fushi fell by more than 10%; the performance of the components and game sectors was relatively poor. Overall, the market showed a rapid rotation pattern of hot spots. Capital was withdrawn from high-ranking individual stocks such as PCBs and optical modules, and concentrated on event-driven sectors such as the military industry and low-altitude economy. More than 4,800 individual stocks rose in the entire market, but structural differentiation was obvious.
Popular sections
1. The military equipment sector has risen sharply
The military equipment sector boosted sharply. Aviation Development Technology had a 4-day 3 board, Great Wall Military, Jinaobo, Chenxi Airlines, Guangdong Hongda, and Aerospace Morning Light rose and stopped, and more than 10 stocks within the sector were closed.
Comment: According to the news, the press conference of the 16th China International Aerospace Expo was held in Beijing on October 13. This year's China Air Show will be held from December 7 to 13 in Zhuhai, Guangdong. The exhibition period will be extended from 6 to 7 days. The indoor exhibition area of the main exhibition area is 135,000 square meters, with more than 3,000 pieces of equipment. The “first exhibition” and “debut” exhibits account for about 10%. More than 170 aircraft have already signed up for the exhibition in the main exhibition area; more than 1,100 companies from nearly 50 countries and regions have participated actively. This year's air show adopted the “one exhibition, three zones” layout for the first time. Various types of new equipment from the Chinese Air Force and Navy will be unveiled on the same stage. Furthermore, according to media reports, the Houthis in Yemen launched 6 ballistic missiles at the presidential palace in Aden on October 15. The geographical situation in the Middle East continues to ferment, and it is also listed as one of the sentiment catalysts in the military sector.
2. The low-altitude economy concept is showing vigor
The low-altitude economy concept has been active, with Wanfeng Aowei, CITIC Haizhi, and Baolong Technology rising and falling.
Comment: According to the news, according to the Securities Times, the Hong Kong Low Altitude Economy Development Working Group is making every effort to develop the “Action Plan for the Development of the Low Altitude Economy” to improve the regulatory framework, standard-setting, infrastructure, etc. Relevant actions include close cooperation with the Mainland to achieve cross-border low-altitude logistics test flights as soon as possible, gradually expand the low-altitude cross-border logistics network in the Greater Bay Area, and carry out the construction of a smart low-altitude traffic management system. The draft is expected to be completed within the year. In terms of policy, the “15th Five-Year Plan” plan proposal reviewed and approved by the Fourth Plenary Session of the 20th CPC Central Committee clearly proposes “speeding up the development of strategic emerging industrial clusters such as new energy, new materials, aerospace, and low-altitude economy”; the newly revised “Civil Aviation Law of the People's Republic of China” will come into effect on July 1, 2026, and for the first time, include “the needs of low-altitude economic development” as the basis for airspace division. According to the Civil Aviation Administration's disclosure in May, the certification of 19 drone models has now been completed. More than 70 new aircraft models are under review, and the pace of industrial implementation continues to accelerate.
3. Local stocks in Fujian showed active performance
Local stocks in Fujian showed active performance. Xiamen Cinda and Fujian Cement both rose and stopped, while Straits Innovation, Zhangzhou Development, and Pingtan Development followed suit.
Comment: According to the news, according to statistics from Fuzhou and Xiamen Customs, in the first three quarters of this year, Fujian's foreign trade imports and exports amounted to 1.52 trillion yuan, an increase of 7.4% over the previous year. Among them, exports amounted to 884.44 billion yuan, an increase of 1.4%, and imports amounted to 637.52 billion yuan, an increase of 17%. Fujian's import, export, and import scale reached a record high during the same period.
4. The real estate sector is higher in the intraday period
The real estate sector rose higher in the intraday period, while Shenzhen Property A, Xincheng Holdings, and Guangdong Hongyuan A rose or stopped.
Comment: According to the news, the Ministry of Housing, Urban-Rural Development, the Ministry of Natural Resources, and the General Administration of Financial Supervision jointly issued the “Notice on Improving the Commercial Housing Sales System” on August 28, 2026, to deploy the vigorous and orderly implementation of existing commercial housing sales. On October 15, Shenzhen and Hangzhou issued implementation opinions on the same day. So far, the four major first-tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen, as well as 7 cities in Hangzhou, Wuhan, and Tianjin, have introduced supporting implementation rules, and the reform of the commercial housing sales system has entered the implementation stage.