A-share market express | Banks and oil stocks are dumping, three major indexes open high and go low

On September 19th, heavyweight stocks such as banks and oil companies fell at the beginning of trading, causing all three major indexes to open high and then turn green collectively. As of the time of writing, the Shanghai Composite Index fell by 0.6%, breaking through the 2700-point mark during trading, the Shenzhen Component Index fell by 0.4%, and the Growth Enterprise Market Index fell by 0.7%. In terms of stock performance, China Petroleum & Chemical Corporation fell by over 2%, while Petrochina, Bank of China, and CNOOC Limited fell by over 1%. FTSE China A50 index futures fell by over 1% intraday. In addition, stocks related to lithography machines remained active, with both Hunan Kaimeite Gases and Shanghai Highly hitting the limit up; the concept of venture capital was active in the morning, with Beijing Electronic Zone High-tech Group hitting a 3-day consecutive limit up. In terms of main funds, main funds favored industries such as electric power equipment, environmental management, and automotive components, while funds flowed out of industries such as marine equipment, liquor, and IT services. Institutional Views: Looking ahead, Central China believes that the stock index is expected to maintain a fluctuating pattern overall. Regarding the market's focus on the Fed's interest rate cuts, CITIC SEC pointed out that the Fed's rate cut this time is a proactive preventive measure, and it is expected that there will be two more 25-basis-point rate cuts later this year. - Central China: The stock index is expected to maintain a fluctuating pattern overall. - CITIC SEC: The Fed's rate cut this time is a proactive preventive move, and expects two more 25-bps rate cuts later this year. - CITIC SEC: The direction of moderate recovery in the electronics industry is clear. Popular Sectors: 1. Stocks related to lithography machines continue to be active. 2. Venture capital concepts were active in the morning.