A-share midday trading | Shanghai index rose 0.24%, GEM index fell 0.34%, leading the way in shipping and coal
The Zhitong Finance App learned that on September 9, the three major A-share indices collectively opened higher, then fluctuated and the trend diverged. The Shanghai index remained volatile. The Shenzhen Index and the GEM Index turned green one after another, turning green one after another. The market showed a pattern of “index ups and downs diverged, individual stocks generally declined, and shipping coal strengthened.” By the midday close, the Shanghai Index had risen 0.24% to 3949.89 points, the Shenzhen Index had fallen 0.06% to 13694.33 points, and the GEM index had fallen 0.34% to 3348.29 points. More than 3,500 stocks fell across the market. The three markets of Shanghai, Beijing, and Shenzhen traded 1220.2 billion yuan in half a day, down 46.1 billion yuan from the previous trading day.
Overview of the plate
On the upward side, sectors such as shipping ports and coal mining and processing led the way, while the concepts of port shipping, military equipment, and diamond cultivation were active; on the downside, the cultural media sector pulled back sharply, with many stocks falling to a standstill in the publishing, film and television sectors, and fluctuating and weakening in the gaming and real estate sectors. Overall, hot topics are rapidly rotating, and short-term sentiment is cooling down. The high-ranking direction of yesterday's strong media has clearly adjusted today, and market hot spots have switched to coal, shipping, military industry, etc., with individual stocks falling more and less, and the money-making effect on the market is concentrated in these sectors.
Popular sections
1. The coal mining and processing sector is moving low and moving high
The coal mining and processing sector opened low and moved higher. Yunmei Energy went up and down to 2 consecutive levels, Zhengzhou Coal and Electricity and Dayou Energy rose and stopped, Jinkong Coal and Huayang shares rose more than 6%, and Shanmei International and others followed suit.
Comment: According to the news, thermal coal prices continued to rise. According to data from the Business Association, the benchmark price for thermal coal was 972.75 yuan/ton on September 9, up 11.11% from the beginning of this month; the Financial Federation reported that the CCI index for thermal coal rose across the board on September 8, 5,500 kcal was 984 yuan/ton, up 17 yuan/ton from the previous trading day. The rise in coal prices led to the strengthening of the coal sector.
2. The port shipping sector fluctuates and rises
The port shipping sector fluctuated and boosted. Haitong developed in 5 days, Nanjing Port and China Merchants Shipping went up and down, COSCO Marine rose more than 5%, and Lianyungang and others followed suit.
Comment: According to the news, the impact of the recent typhoon has subsided, and transportation and export sentiment has improved. Guangfa macro data shows that the shipping index rose to varying degrees in August, port throughput recovered significantly from week to week, and the recovery in industry sentiment led to a strengthening of the shipping sector.
3. The military equipment sector opens low and moves high
The military equipment sector opened low and moved higher. Asia Star Anchor Chain, Yingliu Shares, and Hunan Tianyan rose or stopped; Guoke Military Industry rose more than 8%; Hongdu Airlines rose more than 6%; and Inner Mongolia Airlines had the highest gains.
Comment: According to the news, the recent escalation of tension between the US and Iran, and the rise in geographical uncertainty, compounded the market's expectations that the “15th Five-Year Plan” plans related to national defense construction will be implemented and the Zhuhai Air Show is approaching, driving the military sector to strengthen.