The Zhitong Finance App learned that on October 16, the trend of the three major A-share indices diverged after collectively opening higher. The Shanghai Index surged higher and fell in the middle of the session, rebounded slightly and became popular at the end of the session, and the Shenzhen Stock Exchange Index, the GEM Index, the Science and Technology Innovation 50 Index, and the Beijing Stock Exchange 50 Index opened higher and lower. At the close, the Shanghai Stock Exchange Index rose 0.24% to 3716.28 points, the Shenzhen Stock Exchange Index fell 0.12% to 11802.46 points, the GEM index fell 0.39% to 2772.38 points, the Science and Technology Innovation 50 Index fell 0.06% to 1358.65 points, and the Beijing Stock Exchange 50 Index fell 1.81% to 950.00 points. The turnover of the Shanghai and Shenzhen markets was 1555,414 billion yuan, down 77.590 billion yuan from the previous trading day. In the Shanghai and Shenzhen markets, 3,301 stocks rose, 2,128 stocks fell, 148 stocks closed, 63 stocks rose or stopped, and 12 stocks fell to a standstill, accounting for about 59% of the rising stocks.
In terms of sectors, ground weapons, cement, aviation equipment, aerospace equipment, commercial vehicles, engineering consulting services, and auto parts saw the highest gains; sectors such as medical services, CRO, games, film and television, components, and energy metals registered the highest declines.
Drivers
On the same day, the Shanghai Index closed in the red, and the Shenzhen Stock Exchange Index and the GEM Index closed down. The index performance was divided, while individual stocks in the Shanghai and Shenzhen markets rose more or less, and individual stocks rose by about 59%. The turnover of the two markets fell from the previous trading day.
According to the news, the 16th China International Aerospace Expo is scheduled to be held from December 7 to 13 in Zhuhai, Guangdong. According to a press conference held in Beijing on October 13, more than 1,100 companies from nearly 50 countries and regions have participated in the exhibition and more than 3,000 pieces of equipment. The “first exhibition” and “debut” exhibits account for about 10%. Military industries such as ground weapons, aviation equipment, space equipment, and military electronics registered the highest increase on the same day.
On the evening of October 15, local time, Tesla unveiled the second-generation Roadster sports car in Texas, USA. The company said that the model uses lightweight, high-strength materials such as magnesium, titanium, and carbon fiber to reduce the quality of the vehicle, and that flying cars, low-altitude economy, and carbon fiber concepts are being boosted. Furthermore, according to a report by the Financial Federation on October 16, the Hong Kong Low Altitude Economy Development Working Group is discussing the establishment of a demonstration zone for low-altitude economy products to go overseas. Furthermore, according to statistics from Fuzhou and Xiamen Customs, Fujian's foreign trade imports and exports in the first three quarters of this year were 1.52 trillion yuan, up 7.4% year on year. The scale of imports and exports reached a record high in the same period, and Fujian's local stocks and cement sector strengthened; Shenzhen and Hangzhou issued implementation opinions on commercial housing sales system reform on October 15. Since then, the seven city plans for Beijing, Shanghai, Guangzhou, Wuhan, Tianjin, Hangzhou, and Shenzhen have all been completed, and the real estate sector rose for a while.
Individual stocks continued to diverge in the media direction. Xinhua Media resumed trading and went out of 11 consecutive markets, while the film, television, and gaming sectors as a whole closed down. Near the end of trading, the turnover of some broad-based ETFs, such as the Shanghai and Shenzhen 300 ETF Huatai Berry and the Shanghai Stock Exchange 50 ETF Huaxia, increased significantly compared to the previous day.
Popular sector aspects
1. [Military] Ground armaments rose 5.96%, aviation equipment rose 3.71%, space equipment rose 3.47%, military electronics rose 2.21%, Great Wall Military, Jinaobo, Guangdong Hongda, Aerospace Morning Light, Emerging Equipment, Changchun Yidong, and Linzhou heavy machinery rose and stopped, Chenxi Aviation 20CM rose and stopped, Shengnan Technology and Jiezhong Technology rose and stopped 30CM, and Northern Changlong rose 10.76%. In terms of catalysis, the 16th China International Aerospace Expo is scheduled to be held in Zhuhai from December 7 to 13. According to the October 13 press conference, more than 170 aircraft have already been registered to participate in the main exhibition area of this year's air show, and various new types of equipment from the Chinese Air Force and Navy will be unveiled on the same stage.
2. [Flying Cars and Low-Altitude Economy] The flying car concept rose 3.95%, Wanfeng Aowei, CITIC Haizhi, Baolong Technology, and Junsheng Electronics rose and stopped, while Huali Chuangtong, Imbol, and Jindun shares rose and stopped by 20CM. On the catalytic side, Tesla's second-generation Roadster was unveiled in Texas on the evening of October 15, local time. The “flying” capability mentioned by Musk was the focus of the live demonstration. The company said the model was scheduled to be put into production in 2028; driven by the same news, the carbon fiber concept rose by 3.04%, Jilin Chemical Fiber rose 13.62%, Zhongfu Condor rose 11.31%, and Jilin Carbon Valley rose 9.15%.
3. [Fujian Local Stocks and Cement] The cement sector rose 4.17%, Xiamen Cinda and Fujian Cement both rose and stopped, Straits Innovation rose 7.22%, and Pingtan Development and Zhangzhou Development followed suit. In terms of catalysis, according to statistics from Fuzhou and Xiamen Customs, Fujian's foreign trade imports and exports in the first three quarters of this year were 1.52 trillion yuan, an increase of 7.4% over the previous year, including 884.44 billion yuan in exports and 637.52 billion yuan in imports. The scale of imports, exports, and imports reached a record high for the same period.
Adjust the section
Medical services fell 4.77%, CRO fell 3.30%, gaming fell 2.79%, film and television lines fell 2.24%, components fell 1.80%, and energy metals fell 1.06%.
Individual stocks retraced significantly in the direction of PCB. Baoding Technology and Tianjin Pulin fell to a standstill; Sihui Fu Shi fell 14.51%, Jinbaize fell 11.59%, Honchuan Smart fell 10.79%, Yihao New Materials fell 10.59%, and Jinlu Electronics fell 8.83%; the direction of AI video weakened, Huanrui Century fell 8.26%, and Ciwen Media once hit a stop and closed up 4.71%.
The decline in the above direction was the highest on the same day, with the component sector continuing to adjust since late September.