A-share market opening report: Three major indexes all down, with active trading in technology innovation and Huawei concept stocks continuing.

On September 20th, the three major stock indexes opened with mixed results, and then all three indexes declined. As of the time of writing, the Shanghai Composite Index fell by 0.17%, the Shenzhen Component Index fell by 0.3%, and the ChiNext Index fell by 0.47%. In terms of the market, stocks related to innovation and Huawei remained active, with CHINA BEST Internet Security rising for the third consecutive trading day. Stocks related to the drug industry rose, with China Reform Health Management and Services Group rising by over 3%. Companies related to state-owned enterprise reform continued to be active, with Baoding Tianwei Baobian Electric hitting the daily limit for the 9th day in 13, and Datang Telecom Technology hitting the daily limit for the 4th consecutive day. On the downside, real estate stocks started sluggish, with CCCG Real Estate Corporation falling by over 6% and Hangzhou Binjiang Real Estate Group falling by over 4%. Companies related to the China Shipbuilding Industry continued to decline, with China Shipbuilding Industry and China CSSC falling by around 4%. The consumption sector adjusted, with Xinjiang Western Animal Husbandry and others falling by over 2%. In terms of main capital flows, funds favored industries like consumer electronics and software development, while funds were fleeing from securities, real estate development, and photovoltaic equipment industries. Institutional Perspective: Looking ahead, China Securities Co.,Ltd. stated in a research report that the core factors suppressing the A-share market are gradually easing, with further easing of overseas liquidity opening up more room for domestic easing, and the market may be at a turning point. CITIC SEC: Predicts that the probability of the RMB exchange rate breaking through 7.0 in the year is not high. Hot Sectors: 1. Stocks related to Huawei continue to be active. In the news, the 9th Huawei Full Connect Conference will be held from September 19th to September 21st, 2024. The conference will focus on topics such as the development of the Hongmeng ecosystem and native development. 2. Stocks related to DRG are generally rising. Under the DRG payment scheme, drugs and consumables become costs, which will promote medical institutions to actively control costs, improve bed turnover rate, and enhance the operational efficiency of hospitals.