A-shares market review | Three major indexes rallied in the final moments, with mysterious funds making another move! Several ETFs surged in trading volume.

The market hit bottom and rebounded throughout the day, with the Shanghai Composite Index turning red at the close. Overall, more stocks fell than rose, with nearly 3500 stocks in the entire market declining. The turnover of the Shanghai and Shenzhen markets today was 574.7 billion, a decrease of 52.3 billion from the previous trading day. It is worth noting that four Shanghai and Shenzhen 300 ETFs continued to see increased volume at the close and all turned red. The Easy ETF (510310) and Huaxia Shanghai and Shenzhen 300 ETF (510330) each had a turnover of over 4 billion and 1.6 billion respectively, more than three times the turnover of the previous day. In addition, the Huatai Bairui Shanghai and Shenzhen 300 ETF (510300) and the Jiashi Shanghai and Shenzhen 300 ETF (159919) also had a higher turnover than the previous day, with a total turnover of over 13 billion. In the last 50 minutes, the Easy ETF (510310) and Huatai Bairui Shanghai and Shenzhen 300 ETF (510300) had a total turnover of over 6 billion. On the market front, stocks in the innovation and creation concept broke out across the board, with smart governance, state-owned cloud and other areas seeing major gains. Over 10 stocks, including Nanjing Tdh Technology, Surfilter Network Technology, Shijiazhuang ChangShan BeiMing Technology, Yunnan Nantian Electronics Information, and Talkweb Information System, hit the limit up. Real estate stocks rallied again, with Beijing Dalong Weiye Real Estate Development, Beijing Electronic Zone High-tech Group, and Tianjin Hi-Tech Development all hitting the limit up. In addition, stocks in the car networking concept saw some unexpected movements, with Eastone Century Technology, Zhejiang Vie Science & Technology, Qiming Information Technology, and Beijing Jingyeda Technology all hitting the limit up. Stocks related to state-owned enterprise reform remain active, with over 20 stocks, including Baoding Tianwei Baobian Electric, Beijing Tongtech, Datang Telecom Technology, and Baota Industry hitting the limit up. On the downside, stocks in the innovative pharmaceutical concept underwent adjustments, with Hainan Haiyao nearing the limit down. Funding Trends The main funds focused on software development, IT services, and industrial metal sectors, with top net inflows including Talkweb Information System, Shijiazhuang ChangShan BeiMing Technology, and Shanghai Zhangjiang Hi-Tech Park Development. News Recap 1. National Energy Administration: The total electricity consumption in China was 964.9 billion kilowatt-hours in August, a year-on-year increase of 8.9%. The National Energy Administration released data showing that in August, the total electricity consumption in China was 964.9 billion kilowatt-hours, a year-on-year increase of 8.9%. In terms of electricity consumption by industry, the electricity consumption of the primary industry was 14.9 billion kilowatt-hours, a year-on-year increase of 4.6%; the electricity consumption of the secondary industry was 567.9 billion kilowatt-hours, a year-on-year increase of 4.0%; the electricity consumption of the tertiary industry was 190.3 billion kilowatt-hours, a year-on-year increase of 11.2%; and the electricity consumption of urban and rural residents was 191.8 billion kilowatt-hours, a year-on-year increase of 23.7%. From January to August, the total electricity consumption in China totaled 656.19 billion kilowatt-hours, a 7.9% increase year-on-year, with the electricity generated by large-scale industrial enterprises totaling 623.79 billion kilowatt-hours. In terms of electricity consumption by industry, the electricity consumption of the primary industry was 91.4 billion kilowatt-hours, a year-on-year increase of 7.0%; the electricity consumption of the secondary industry was 420.06 billion kilowatt-hours, a year-on-year increase of 6.3%; the electricity consumption of the tertiary industry was 123.01 billion kilowatt-hours, a year-on-year increase of 11.0%; and the electricity consumption of urban and rural residents was 103.98 billion kilowatt-hours, a year-on-year increase of 10.9%. 2. Beijing Municipality: Optimize real estate policies and timely cancel the standards for ordinary residential and non-ordinary residential buildings The Communist Party of China Beijing Municipal Committee implemented the Implementation Opinions on further comprehensively deepening reforms and promoting China's modernization. It mentions improving the housing system of renting and buying houses, speeding up the establishment of a new real estate development model that meets the characteristics of the capital, increasing the construction and supply of affordable housing to meet the rigid housing needs of the working class. Improve the policy mechanism that supports the diverse improvement of housing needs for urban and rural residents, and exert the role of housing provident fund in housing security. Optimize real estate policies, timely cancel the standards for ordinary residential and non-ordinary residential buildings, optimize the rules for the transaction of residential land, and reform the financing methods for real estate development and the pre-sale system of commercial housing. 3. Industry veteran in the supply chain: Inquiries for domestic components have increased, but prices have not reflected the increase Regarding recent news on the increase in demand for communication electronic products in the Middle East, an industry veteran in the electronic component supply chain revealed to the financial journalist today that there has indeed been an increase in inquiries for domestic components recently, and customers have also reported an increase in orders from Israel and the Philippines, but the increase has not yet been reflected in prices, and the price changes are expected to be observed in 1-2 weeks. Future Market Analysis 1. China Securities Co., Ltd.: Core factors that have suppressed the performance of A-shares are gradually easing China Securities Co., Ltd. research report stated that the core factors that have suppressed the performance of A-shares are gradually easing, with further loosening of overseas liquidity opening up more room for domestic easing, and the A-share market entering a period of increased mergers and acquisitions. The market trend may be facing a turning point. In terms of allocation, the focus is on: 1. Unison of domestic and foreign demand (equipment updates, replacement of consumer goods with new ones + going global); 2. Innovative drugs; 3. BondsCommerce, insurance; 4, new energy direction.Huatai: Fed cuts interest rates, gold prices may still have room to rise. Huatai stated that the Fed announced a 50 basis point rate cut in September. Powell's remarks at the subsequent press conference were hawkish, emphasizing that the U.S. economy remains relatively robust. Overall, the combination of a "50bp rate cut" and a "hawkish stance" has a limited impact on gold prices. Additionally, with the current price of gold already factoring in the rate cut expectations in the U.S., unless the rate cut exceeds market expectations, it is expected that gold prices will continue to fluctuate at high levels in the short term. Looking ahead, the trend of the U.S. economy post-rate cut and the U.S. presidential election will be important factors driving further increases in gold prices. Based on the background of the U.S. "loose fiscal policy" and high inflation, it is predicted that gold prices may still have room to rise in the long term. This article is reprinted from "Tencent Stock Selection". Editor: Liu Jiayin.