The Zhitong Finance App learned that on October 26, the three major A-share indices collectively opened lower and fluctuated in early trading. The GEM index fell more than 3% in the intraday period, then the decline gradually narrowed. The market showed a pattern of “general decline in indices, correction in growth, and active consumer and pharmaceutical businesses bucked the trend.” By the midday close, the Shanghai Index fell 0.18% to 3683.92 points, the Shenzhen Index fell 1.05% to 11551.72 points, the GEM index fell 1.65% to 2639.85 points, and Science Innovation 50 fell 1.90%. More than 2,900 A-shares fell in the Shanghai and Shenzhen markets. The half-day turnover of the Shanghai and Shenzhen markets was 1006.1 billion yuan, down 61.9 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 flowed net into the transportation equipment, banking, petroleum and petrochemical sectors, with a net outflow of electronics, communications, semiconductors, etc., with a net outflow from the electronics sector exceeding 9.8 billion yuan.
Overview of the plate
On the upward side, the real estate services sector rose 3.29%, the snack food sector rose 2.85%, the pharmaceutical business sector rose 2.67%, the oil service engineering sector rose 2.66%, the real estate development sector rose 1.91%, the gaming sector rose 1.89%, the general retail sector rose 1.26%, and the consumer, pharmaceutical business, real estate and oil and gas sectors were relatively active; on the downside, the components sector fell 6.13%, the glass and glass fiber sector fell 4.57%, the communications equipment sector fell 3.90%, the precious metals sector fell 3.24%, and the electronics and chemicals sector fell 3.24%, The semiconductor sector fell 2.69%, and the computing power hardware industry chain collectively weakened. Overall, the narrowing of the index's decline was mainly carried out in the direction of consumption, pharmaceutical commerce, real estate, etc., while the cumulative decline in the previous period was once again declining in the direction of computing power hardware and precious metals. Individual stocks fell more and less, and the market showed obvious high and low switching characteristics.
Popular sections
1. The pharmaceutical business sector strengthens
The pharmaceutical business sector rose 2.67%, Celi Healthcare and Inter Group rose and stopped, Baiyang Pharmaceutical rose 12.17%, Pharma Tesco rose 4.13%, and Renmin Tongtai rose 4.71%.
Comment: On the news side, the division within the section is obvious. Intel Group disclosed its three-quarter report on October 25. Net profit attributable to mother for the third quarter of a single quarter was 105 million yuan, an increase of 41.59% over the previous year, driving a valuation correction in the direction of pharmaceutical distribution. According to the announcement disclosed by Dean Diagnosis on October 19, net profit to mother for the first three quarters was 482 million yuan, an increase of 750.28% year on year. Saili Medical and Baiyang Pharmaceutical are more driven by the brain-computer interface theme — a brain-computer interface high quality data set construction project led by Tongji Hospital affiliated to Tongji Medical College of Huazhong University of Science and Technology started in Wuhan on October 24. At the policy level, the National Health Commission, the National Administration of Traditional Chinese Medicine, and the National Administration for Disease Control and Prevention jointly issued the “National Essential Drug Catalogue (2026 Edition)” (Guowei Pharmaceutical Administration (2026) No. 17) on June 23, which will take effect on September 1, adding 116 new drug varieties and incorporating 16 innovative drugs in batches for the first time; the above three departments issued the “Notice on Accomplishing Priority Equipment and Use of Essential Medicines” on August 20 (Guowei Pharmaceutical Administration [2026] No. 20), which requires public medical and health institutions at all levels to complete the drug supply catalogue within 2 months of implementation, that is, before November 1 As a result of updates and adjustments, the category space of pharmaceutical distribution and retail pharmacies has expanded accordingly.
2. The food processing sector is active
The food processing sector rose 0.61%, with the snack food segment rising by 2.85%, while Liangpin Shop, Gui Faxiang, and Qingdao Foods rose and stopped.
Comment: According to the news, the head of the Consumer Promotion Department of the Ministry of Commerce introduced China's consumer market situation in the first three quarters of 2026. In the first three quarters, the Ministry of Commerce thoroughly implemented special actions to boost consumption and introduced a series of consumer promotion policies and measures. According to data from the National Bureau of Statistics, total retail sales of social consumer goods in the first three quarters were 37.00 trillion yuan, up 1.1% year on year in September, 0.7 percentage points faster than August.
3. Intraday rise in the real estate sector
The real estate sector rose 2.00%, with real estate development up 1.91% and real estate services up 3.29%; China Merchants Shekou rose and stopped, Daming City went up 2 times in a row, I Love My Family rose 7.02%, and Poly Development rose 5.24%.
Comment: According to the news, the National Bureau of Statistics recently released the basic situation of the national real estate market from January to September. According to online registration data from the Ministry of Housing, Urban-Rural Development, the area of second-hand housing transactions increased 10.7% year-on-year in the first three quarters, and second-hand housing accounted for more than 50% of commercial housing transactions; in terms of inventory, the area of newly built commercial housing for sale in the country fell 1.5% year on year at the end of September, falling year on year for 7 consecutive months, with the area to be sold for less than 3 years falling by 5%.
4. Individual robot concept stocks are partially active
The robot concept index still fell 0.29% in half a day. Within the sector, Saifutian, Zhengyu Industrial, Duolun Technology, and Xiangyang Bearing all had 3 consecutive boards. Yushu Technology rose 8.01%, Huayang Smart hit a 20% increase in the intraday period, and rose 10.11% in the afternoon.
Comment: According to the news, according to CCTV financial reports, according to data from the Ministry of Industry and Information Technology, China's humanoid robot production exceeded 40,000 units in the first half of 2026, and is expected to exceed 100,000 units for the whole year. According to customs data, from January to September this year, China exported 16,559 “intelligent bionic robots”, with a total export value of 1,417 billion yuan. The export volume in September increased by about 176% compared to January.