A-share reviews | The three major indices bottomed out and rebounded, and the Beijing Stock Exchange 50 rose 2.49%, and the film and television media broke out
The Zhitong Finance App learned that on October 9, the three major A-share indices fluctuated and weakened after opening low in early trading. The GEM index once fell more than 3% in the intraday period, then bottomed out in the afternoon and collectively became popular. At the close, the Shanghai Stock Exchange Index rose 0.05% to 3813.79 points, the Shenzhen Stock Exchange Index rose 0.17% to 12641.86 points, the GEM index rose 0.22% to 3043.33 points, Science and Innovation 50 rose 0.07% to 1457.27 points, and the Beijing Stock Exchange 50 rose 2.49% to 1037.31 points. The turnover of the Shanghai and Shenzhen markets was 1900,540 billion yuan, an increase of 218.413 billion yuan compared to the previous trading day. Of the 3,297 A shares in the Shanghai and Shenzhen markets rose, 2,145 fell, and 131 were flat. Of these, 72 rose or stopped, and 11 fell to a standstill, accounting for about 59% of the rising stocks.
In terms of sectors, digital media, film and television, publishing, advertising and marketing, planting, and precious metals registered the highest gains; components, copper-clad panels, electronic chemicals, glass and glass fiber, and wind power equipment registered the highest declines.
driving factors
The Shanghai Composite Index fell to an intraday low of 3754.14 points, down about 1.5% from the closing of the previous trading day. The biggest declines in the GEM Index and Science Innovation 50 reached 3.42% and 4.55% respectively. The three major indices collectively recovered their losses at the end of the session. The Beijing Stock Exchange 50 was strong throughout the day, closing up 2.49% and leading the major indices. Structurally, the direction of film and television media and AI applications led the way throughout the day, with digital media (+8.00%), publishing (+7.20%), film and television theaters (+7.16%), and advertising and marketing (+5.50%) leading the way.
According to the news, at the iQiyi Autumn Enjoyment Conference on October 9, CEO Gong Yu said that AI technology is driving the explosive growth of short dramas, breaking the high threshold of the traditional film and television industry and shortening the production cycle; according to Lighthouse Professional Edition data, the National Day blockbuster box office ended with 1,164 million yuan from October 1 to 7; in addition, “Sanxingdui: The Future Past”, produced by Bona Pictures, was announced to be screened on October 27, and is scheduled to be screened on October 23.
Agriculture strengthened in the afternoon. According to CCTV Finance's October 9 report, monitoring by the National Climate Center showed that a super El Niño event had officially formed in September 2026. The World Meteorological Organization expects this round of El Niño to peak in December on October 8; retail and other major consumption trends are also active. VAT invoice data from the State Administration of Taxation showed that the average daily sales revenue of the service consumption related industry during the National Day holiday increased 19.5% year-on-year.
Meanwhile, the direction of the electronics industry chain such as components, copper clad plates, and PCBs continued to be adjusted. There are reports that Apple asked some suppliers to cut production of iPhone 18 Pro series components by 15% to 20%, and the US Philadelphia Semiconductor Index fell 3.4% overnight.
Popular sector aspects
1. Film and television media: The sector led the way throughout the day, and the direction of AI film and television applications strengthened collectively. Chinese Online and Mango Supermedia went up and down in 20CM, while many stocks such as Shanghai Film, Gishi Media, and Dragon Media rose and stopped.
In terms of catalysis, at the iQiyi Autumn Enjoyment Conference on October 9, CEO Gong Yu said that thanks to the development of AI technology, short dramas ushered in explosive growth. AI also brought opportunities for long-form content, and iQiyi will use AI to explore new content works; according to data from Lighthouse Professional Edition, the National Day (October 1 to 7) large-cap box office ended at 1,164 billion yuan, and the movie box office reached 30.759 billion yuan during the year; in addition, according to financial reports, the Hongguo short drama DAU has surpassed the sum of “Aiyu Tengmang”. Exceed 22 billion yuan.
Furthermore, Bona Pictures first AI hyperrealistic theatrical film “Sanxingdui: Future Past” announced on September 27 that it is scheduled to land in theaters nationwide on October 23, making it the first AI-produced theatrical film in China to obtain a screening license from the National Film Administration; on October 6, there were reports that Kuaishou's Keling AI plans to go public in Hong Kong as early as 2027 and raise at least 1 billion US dollars.
2. Lithium batteries: The battery sector strengthened in the intraday period. Shenwan's second-level “battery” index closed up 2.10%, while the solid-state battery direction was mainly reflected in individual stock connections - Juyuan's “solid state battery” concept index rose only slightly by 0.36% on the same day. In terms of individual stocks, Times Wanheng has 5 consecutive boards, Zizhu Hi-Tech has 4 consecutive boards, Lingpai Technology has 2 consecutive boards, and Jinyuan shares have risen and stopped.
In terms of catalysis, seven departments including the Ministry of Industry and Information Technology issued the “15th Five-Year Plan for the Development of the New Battery Industry” on September 28, proposing that all solid-state batteries will initially be used on a large scale by 2030; the Ministry of Finance and other three departments announced on July 17, making it clear that categories such as sodium-ion batteries and solid-state batteries will be exempted from consumption tax from September 1, 2026 to December 31, 2028. Both of the above are stock policies and continue to ferment.
3. Planting industry: The sector rose sharply in the afternoon. The Jinjian rice industry, Wanxiang Denong, and Dunhuang seed industries rose and stopped, while the Qiule seed industry rose more than 12%. In terms of catalysis, according to a CCTV Finance report on October 9, monitoring by the National Climate Center shows that a super El Niño event has officially formed in September 2026. It is expected to peak in late autumn and early winter, or become the strongest El Niño event since systematic monitoring.
Adjust the section
The decline in the electronics industry chain, such as components, copper-clad plates, PCBs, electronic chemicals, glass and glass fiber, etc., was the highest, and the wind power equipment sector weakened at the same time. In terms of individual stocks, Jin'an Guoji and Daikin Heavy Industries fell to a halt. Haili Wind Power and Tianshun Wind Energy all plummeted by nearly 10%, while Guocera Materials and Fenghua Hi-Tech had the highest declines. The direction of the electronics industry chain mentioned above has continued to be adjusted since late September, and the decline continued to be the highest on the same day; according to news, there are reports that Apple required some suppliers to cut iPhone 18 Pro and iPhone 18 Pro Max parts production by 15% to 20% due to weak demand, and the US stock Philadelphia Semiconductor Index fell 3.4% overnight.