The Zhitong Finance App learned that on November 11, the three major A-share indices collectively fluctuated higher after opening lower, then accelerated their upward trend in the afternoon, and closed in full swing. The Shanghai Stock Exchange closed at 3680.64 points, up 0.46%; the Shenzhen Securities Index closed at 11,389.74 points, up 1.32%; the GEM index closed at 2572.07 points, up 3.11%; Science and Technology Innovation 50 closed at 1300.38 points, up 2.80%; and the Beijing Stock Exchange 50 closed at 923.31 points, up 2.30%. The turnover of the Shanghai and Shenzhen markets was 1676.276 billion yuan, up from the previous trading day of 171,461 billion yuan. In the entire market, 3,538 stocks rose, 1,827 fell, 215 flat markets, up and down 85 and 3, accounting for 63% of the increase. In terms of sectors, communications equipment, components, glass fiber, semiconductors, and non-metallic materials registered the highest gains; liquor II, airports, beverages, dairy products, and photovoltaic equipment registered the highest declines.
driving factors
On the same day, the Shanghai and Shenzhen motherboards closed at the same time as Shuangchuang, and the structural differentiation was obvious. The communication equipment sector rose 9.99%, components rose 7.40%, semiconductors rose 3.60%, GEM index and Science Innovation 50 rose 3.11% and 2.80% respectively, while banking and insurance II fell 0.67% and 1.06% respectively, and Liquor II fell 2.78%. According to the news, Microsoft is lobbying the Trump administration to abandon plans to restrict imports of China's new optical transceivers. The US Information Technology Industry Commission has previously sent a letter to the US Federal Communications Commission requesting that optical transceivers not be included in the trade restrictions list. Cambridge Technology said at the third quarter results briefing held on November 9 that the company has sufficient orders and plans to expand the annual production capacity of high-speed optical module products by at least 10 million units by the end of 2027, adding that the “orders from major North American customers have been cut” are inconsistent with the company's actual business situation. On November 10, Ant Lingbo Technology's open source tactile basic model LingBot-touch. The model was based on nearly 5,000 hours of pre-training with real tactile data, and the robot was connected to multiple stocks on the 11th. In terms of liquor, Sina Finance's “Liquor Price Index” data from November 11 showed that the average retail price of the 12 major single-product terminals included in the statistics rose three times and fell by one flat, and the price market hit a new low in nearly two months. Kweichow Moutai indicated at the November 10 three-quarter report performance briefing that the industry is still undergoing deep adjustments.
Popular sector aspects
1. The [Computing Power Hardware] communication equipment sector rose 9.99%, ranking first in the industry growth rate in the two markets, leading the way in CPO and optical chips. Yuanjie Technology and Zhishang Technology all recorded 20CM gains and stops. Guangxun Technology, Dongshan Precision, and Changfei Optical Fiber rose and stopped, Xinyi Shengsheng rose 16.97%, Taichen Guangchang rose 17.05%, and Zhongji Xuchuang rose 15.07%. The catalyst comes from Reuters reports that Microsoft is lobbying the US to abandon restrictions on importing Chinese optical transceivers, and Cambridge Technology's disclosure that it will expand the annual production capacity of high-speed optical modules by at least 10 million by the end of 2027.
2. The [PCB and upstream materials] component sector rose 7.40%, and the copper-clad plate concept increased 5.74%. Shanghai Electric Power Co., Ltd., Shennan Circuit, and Jingwang Electronics went up and down. Oshcon 2 boards in 3 days, Shengyi Technology rose 8.39%, and China Jushi rose 5.42%. The upstream industrial chain strengthened at the same time, and the glass fiber sector rose 4.58% on the same day.
3. The [robot] automation equipment sector rose 2.66%, and the robot concept rebounded. Reddy Smart Drive and Dell Co., Ltd. all recorded a 20CM rise and fall. Guangyang Co., Ltd. and Fenglong Co., Ltd. continued to rise and fall to record highs. Fulai New Materials continued to rise and fall to record highs, and Rifa Seiki, Hanwang Technology, and Ningbo Dongli rose and stopped. The catalyst was set up for Ant Lingbot-touch, an open source tactile basic model for Ant Lingbo Technology on November 10, and the National Data Standardization Technical Committee's “Standards Week” event on the same day to draft an intelligent data standard.
Adjust the section
The Liquor II sector fell 2.78%, the highest decline among the industry sectors in the two markets; the sector had a cumulative increase of 9.47% from October 29 to November 3, and a cumulative decline of 5.13% since then until November 11. Huangtai Liquor fell 5.24%, Jinshiyuan fell 5.01%, Gujing Gongjiu fell 4.39%, Shanxi Fenjiu fell 4.15%, Luzhou Laojiao fell 3.75%, and Kweichow Moutai fell 2.55%. According to the news, the “Alcohol Price Index” data shows that the average retail price of the 12 major single product terminals rose 3 times 8 and fell 1 flat, and the price market hit a new low in nearly two months. Among them, the average retail price of Flying Moutai fell 3 yuan to 1,770 yuan. Kweichow Moutai said at the November 10 3rd Quarterly Report performance briefing that the liquor industry is still undergoing deep adjustments, and there is no fundamental change in the trend of weak consumer demand and declining consumption scenarios. Furthermore, after a cumulative increase of 9.71% from October 28 to November 10, the aviation airport sector fell 1.84% on the same day, and photovoltaic equipment and beverages and dairy products all fell 1.45%; the direction of major finance pulled back simultaneously, with insurance II and banks falling 1.06% and 0.67% respectively.