A-share Opening Express | The three major indices opened slightly lower, and movie theaters and semiconductors strengthened
Opening data
The Zhitong Finance App learned that on August 12, the Shanghai Index opened 0.01% lower to 3933.55 points, the Shenzhen Index opened 0.04% lower to 14253.12 points, the GEM Index opened 0.20% lower to 3542.13 points, and the Science and Technology Innovation 50 Index opened 0.64% higher to 1720.36 points. As of 9:32, a total of 2,245 companies in the two markets and the Beijing Stock Exchange had risen, 2,830 were down, and 468 were flat.
The increase was highest: film and television lines, semiconductors, decoration, industrial metals, etc.; the decline was the highest: household appliances, automobiles, food and beverage, petroleum and petrochemicals, etc.
Market conditions
On August 12, the three major indices collectively opened slightly lower. The Shanghai Index opened 0.01% lower and basically flat, the GEM Index opened slightly less than 0.20% lower, and Science Innovation 50 bucked the trend and opened 0.64% higher. In terms of the concept sector, hollow cup motors rose 4.63%, CRO concepts rose 2.25%, robot actuator concepts rose 2.21%, MLCC concepts rose 1.84%, and the direction of robotics and pharmaceutical innovation continued to be active. In terms of individual stocks, Baihua Pharmaceutical went up and down on 7 consecutive boards, and Beijing Culture 3 in a row. In the direction of decline, consumer-weighted sectors such as household appliances, automobiles, food and beverages declined, putting a drag on the index.
Overnight quick facts
The central bank issued the “15th Five-Year Plan” reform and development plan: The central bank recently issued the “15th Five-Year Plan” reform and development plan, which defines five key tasks to maintain a reasonable, balanced and stable RMB exchange rate. Earlier, the Development and Reform Commission and the Energy Administration issued the “15th Five-Year Plan” for the new power system, making it clear that non-fossil energy will account for 50% of electricity generation in 2030.
The US-Iran impasse continued to push up oil prices. US stocks closed down, and the Golden Dragon Index fell: negotiations between the US and Iran on the Strait of Hormuz continued to rise. International oil prices continued to rise after rising about 5% in a single day on Monday (August 10). WTI crude oil futures closed up 1.30% to $83.20 per barrel on Tuesday (August 11), and Brent crude oil futures closed up 1.36% to $88.91 per barrel. In terms of US stocks, the Dow fell 0.34%, the NASDAQ fell 0.60%, the S&P 500 fell 0.32%, and the Nasdaq China Golden Dragon Index fell 2.94%. COMEX gold futures rose 0.18% to $4427.80 per ounce.
Net profit of IFF's semi-annual report increased 96%. Shanghai issued a software industry plan: IFF disclosed the semi-annual report on the evening of August 11. Net profit of 23.74 billion yuan for the first half of the year increased 95.99% year on year, and AI server revenue increased 2.3 times year on year. Shanghai issued the “15th Five-Year Plan” for the software industry, which proposes to strive for 4 trillion yuan on an industrial scale by 2030. Hikvision and more than 10 other companies are intensively announcing semi-annual dividends.
Trend analysis
Today, the three major indices opened slightly lower, but Science Innovation 50 opened 0.64% higher, reflecting that there is still independent momentum in the direction of technological growth. Overnight, US stocks closed down due to the impasse in US-Iran negotiations and continued high oil prices. The cooling of overseas risk appetite suppressed the opening sentiment of A-shares to a certain extent; the China Securities Golden Dragon Index fell by 2.94%, marginally negative for A-share sentiment.
Structurally, the growth direction of technology such as robotics, CRO, and MLCC continued the active trend of the previous trading day. Multiple catalysts such as the policy-side central bank's “15th Five-Year Plan” plan, the new power system plan, and the Shanghai software industry plan were implemented centrally to provide fundamental support for the structural market. The institutional consensus bias is that the resonance of financial reports at home and abroad confirms that the boom is rising, that the hard technology sector is shifting from “predictive narratives” to “performance implementation,” and that allocating technological growth on dips is still the main logic of the present.
In the short term, external geographical disturbances drive up oil prices or gradually suppress risk appetite, but steady domestic growth policies continue to be implemented, overall market liquidity is abundant, and the exponential level may maintain a volatile and polarized pattern. Structural opportunities are still concentrated on the direction of scientific and technological growth that resonates with policy catalytic performance.