A-share Opening Express | Shanghai Index opened 0.02% lower, Shenzhen Gaokai Communications Electronics led the way
Opening data
The Zhitong Finance App learned that on August 27, the Shanghai Index opened 0.02% lower to 3911.89 points, the Shenzhen Index opened 0.26% higher to 13876.79 points, the GEM index opened 0.67% higher to 3437.90 points, and the Science and Innovation 50 opened 0.91% higher to 1646.84 points.
As of 09:32, a total of 1,821 companies in the two markets and the Beijing Stock Exchange had risen, 3,432 were down, and 297 were flat.
The increase was highest: planting industry, communication equipment, components, precious metals, semiconductors, agricultural product processing, etc.; the decline was the highest: power equipment, household appliances, steel, utilities, automobiles, building decoration, etc.
Market conditions
The opening on August 27 showed a pattern where Shanghai is weak, Shenzhen is strong, and technology dominates. The Shanghai Index opened 0.02% lower and basically opened flat. The Shenzhen Index, the GEM Index, and the Science and Innovation 50 all opened higher. Among them, Science and Innovation 50 performed the strongest at 0.91% higher.
Nvidia's earnings report exceeded expectations, driving the strengthening of technological chains such as optical communications, semiconductors, and components, leading the way; the planting industry and agricultural product processing were boosted by the Ministry of Agriculture and Rural Affairs's “15th Five-Year Plan for the Development of the National Agricultural Products Market System” and El Niño expectations. Individual stocks have declined more and less. The number of companies that have risen accounts for about 32%, rising and stopping 15 and 1. Sectors such as power equipment, household appliances, and steel led the decline.
Overnight quick facts
US stocks closed down, and Nvidia's earnings report exceeded expectations: US stocks collectively closed down on August 26, the Dow fell 0.21%, the S&P 500 fell 0.02%, and the NASDAQ fell 0.08%. Nvidia's after-market earnings report shows that revenue for the second fiscal quarter was US$96.2 billion, up 106% year on year, and data center revenue of US$89 billion. The revenue guidance for the third fiscal quarter exceeded expectations. After the market, it first fell and then rose, and at one point rose by more than 5%.
The Ministry of Industry and Information Technology introduced the “15th Five-Year Plan” new industrialization: The Ministry of Industry and Information Technology introduced the situation related to the “15th Five-Year Plan” promotion of new industrialization, clearly speeding up the construction of emerging pillar industries such as integrated circuits, aerospace, biomedicine, low-altitude economy, new energy storage, and intelligent robots, and promoting the development of future industries such as 6G. On August 26, the central bank launched a 7-day reverse repurchase operation of 239.5 billion yuan, with a net investment of 239.5 billion yuan in a single day.
Several companies disclosed their semi-annual reports: On the evening of August 26, several companies disclosed their semi-annual reports. Huahong Hongli's shipments reached a record high, net profit for the first half of the year increased 436.69% year on year, and Gree Electric's net profit was 13.278 billion yuan, down 7.87% year on year. Hengtong Optoelectronics won pre-bid 1,831 billion yuan for domestic and foreign marine energy projects, and Yili Co., Ltd. plans to repurchase shares for 1 billion to 2 billion yuan.
Trend analysis
On August 27, Shanghai was weak and strong. The Shanghai Index opened 0.02% lower and basically opened flat. The Shenzhen Index, GEM Index, and Science and Innovation 50 opened 0.26%, 0.67%, and 0.91% higher respectively. However, individual stocks declined more and rose less, accounting for about 32%.
Nvidia's after-market earnings report exceeded expectations, boosting technology chains such as optical communications, semiconductors, components, etc., with the telecommunications and electronics sectors leading the way; the Ministry of Agriculture and Rural Affairs's “Fifteenth Five-Year Plan” for the development of the National Agricultural Products Market System compounded medium-intensity El Niño expectations, and the planting industry strengthened. The US PCE rose 3.7% year on year in July, and the probability of interest rate hikes in September rose to about 42%, suppressing high-valuation growth stocks, leading the decline in power equipment and household appliances.
The institutional consensus is biased towards the main lines of technology such as optical interconnection and computing power, but on August 26, the two markets traded about 1.81 trillion yuan. The amount of energy was low. The upward space for the index may be limited, and the fluctuation may continue in the short term.