A-shares midday review: GEM index rises by nearly 1%, new energy sector explodes, dividend stocks continue to decline

On September 11, the three major A-share indexes opened lower, with the Shenzhen Component Index and the ChiNext Index showing strength. By the close, the Shanghai Composite Index fell by 0.92%, the Shenzhen Component Index rose by 0.24%, and the ChiNext Index rose by 0.9%. In terms of market performance, the photovoltaic and photovoltaic equipment sectors were volatile and rising, with Tianqi Lithium Corporation, Jiangxi Haiyuan Composites Technology, and Beijing Qianjing Landscape all hitting their limit up. The solid-state battery concept was actively trading, with Jiujiang Defu Technology hitting its limit up. Foldable screen concept stocks rose rapidly, with Hua Ying Technology hitting a three-day streak. The energy metal sector saw an initial rise, with Willing New Energy hitting the limit up, and Tianqi Lithium Corporation and Ganfeng Lithium Group rising by over 2%. On the decline, dividend stocks continued to fall, with the oil, coal, and power sectors leading the way down. CNOOC Limited fell by nearly 5%, while China Petroleum & Chemical Corporation, Petrochina, Shaanxi Coal Industry, CGN Power Co., Ltd., and China National Nuclear Power all fell by more than 3%. In terms of institutional views, China Securities Co., Ltd. stated that there is still a lot of uncertainty in the short-term market, with a greater probability of volatility before the holiday. In the medium to long term, they remain optimistic, with the value of A-share allocation becoming increasingly prominent. CITIC SEC stated that the consumer electronics materials sector is stabilizing and rising, with new product releases from companies like Huawei and Apple expected to drive demand growth. They are optimistic about the future order growth and market share increase for leading materials in the sector. Huatai mentioned that the second half of the year has entered the traditional peak season, and they expect freight rates in various sub-sectors of the shipping industry to increase both month-on-month and year-on-year. In terms of popular sectors, the photovoltaic sector continued to rebound, while the solid-state battery concept remained active. Recently, there has been news about the presidential debate where Trump expressed his support for CECEP Solar Energy.Nology and other companies have successively announced the latest developments in the field of solid-state batteries. Currently, the projected time for small-scale production of solid-state batteries that have been disclosed and recognized by experts is 2027.3. The concept stocks of foldable screens quickly rose The concept stocks of foldable screens quickly rose, with Hua Ying Technology rising for three consecutive days, Anhui Tatfook Technology rising by over 10%, and Jiangsu Sidike New Materials Science & Technology, Jiangsu Rijiu Optoelectronics Jointstock, Jiangxi Firstar Panel Technology following the trend. Commentary: On the news front, on the afternoon of September 10th, the global first three-foldable screen phone, Huawei Mate XT's extraordinary master price was officially announced. With the release of the three-foldable screen phone, companies in the foldable screen industry chain related to screens, hinges, cover plates, etc. have attracted market attention. Many companies have recently updated their product production or technological research and development progress, and stated that the three-foldable screen phone has brought new business volume, leading to an increase in industry prosperity. 4. Dividend stocks continue to decline Dividend stocks continued to decline, with the oil, coal, and electricity sectors leading the way, CNOOC Limited falling by nearly 5%, China Petroleum & Chemical Corporation, Petrochina, Shaanxi Coal Industry, CGN Power Co., Ltd., China National Nuclear Power all falling by over 3%. Commentary: On the news front, on the evening of September 10th, international oil prices experienced a sharp decline, with WTI crude oil futures main contract falling by over 3%, closing at $66.31 per barrel, hitting a new low since May 2023; ICE Brent oil futures main contract also fell by nearly 3%, breaking below the key psychological level of $70 per barrel, closing at $69.72 per barrel, reaching the lowest point since December 2021. This article is reprinted from "Tencent Self-selected Stocks"; GMTEight Editor: Wang Qiujia.