A-share market opening express | Three major indexes fluctuating weakly, leading sectors in the technology industry are falling, and AI applications are becoming active again.

On November 14th, the three major A-share indexes collectively opened lower and then fluctuated weakly. As of 9:47, the Shanghai Composite Index fell by 0.09%, the Shenzhen Component Index fell by 0.39%, and the ChiNext Index fell by 0.42%. In terms of the market, AI application sectors such as media and gaming continued to rise, the solid-state battery concept remained strong, and sectors such as titanium dioxide, phosphorus chemicals, etc. led the gains. On the downside, stocks with "China" in their names shook and fell, with China Satellite Communications falling by nearly 9%, the Shanghai state-owned assets sector experiencing a pullback, and sectors such as storage chips and satellite navigation leading the declines. In terms of main capital flows, funds favored industries such as gaming, photovoltaic equipment, and communication equipment, while fleeing industries such as real estate development, home appliance components, software development, and computer equipment. Institutional Views: Looking ahead, Huatai believes that in the current policy vacuum period, there is no need to be overly concerned about short-term fluctuations. Market adjustments also present buying or shifting opportunities. Central China: The stock indexes are expected to maintain a volatile upward trend overall. Central China points out that strong expectations have been formed in the market for the policy environment. Currently, the indexes have entered a strong sideways phase, and sector rotation will become more apparent. With ongoing macroeconomic control and growth-promoting policies in China, the stock indexes are expected to maintain a volatile upward trend overall. Investors are advised to focus on investment opportunities in the automobile, semiconductor, medical services, and pharmaceutical industries. EB Securities: The market may be mainly driven by structural trends. EB Securities stated that the market saw a significant decline in trading volume on Wednesday, with structural trends being predominant. Specifically, Shanghai deployed support for mergers and reorganizations of listed companies, stimulating a broad rally in local stocks. Looking ahead, the strong rebound and repair the day after an adjustment suggests that the market is resilient and the upward trend in indexes is likely to continue. Considering the shrinking trading volume, indicating a rise in wait-and-see sentiment, the market may be predominantly driven by structural trends. Huatai: Focus on sectors with strong expectations of policy enhancement in the future. Huatai believes that with just about a month until the Central Economic Work Conference, in the current policy vacuum period, there is no need to be overly concerned about short-term fluctuations. Market adjustments also present buying or shifting opportunities. Recently, the market has been mainly in a range-bound consolidation phase, with fast sector rotation. Focus on sectors with strong expectations of policy enhancement in the future and select targets within the framework of safety, self-sufficiency, and controllableness. Hot Sectors: 1. Solid-state battery sector strengthening The solid-state battery concept continued to strengthen, with Grinm Advanced Materials rising for 6 consecutive days, Tianjin Binhai Energy & Development hitting the limit up, and companies like Tianjin Guoan Mengguli New Materials Science & Technology, showing collective gains. Review: New energy track welcomes intensive good news: China's electric vehicle sales soared 54% in October to a record high, and Contemporary Amperex Technology aims to create a large independent energy system. CITIC Securities analysis shows that the rapid development of solid-state battery technology is injecting new vitality into the energy storage sector. With the breakthrough in solid-state lithium battery technology, companies in the industry such as Contemporary Amperex Technology have increased their research and development investment, which is not only a technological breakthrough but also an important driving force for the industrial upgrade of the new energy industry. 2. AI application sectors on the rise. AI application sectors such as media and gaming were on the rise again, with Shanghai Yaoji Technology rising for 2 consecutive days, and companies like Shenzhen Bingchuan Network showing over 10% gains. Review: Open Source Securities points out that the continuous improvement of large-scale inference, search, video generation, and other multimodal capabilities domestically and abroad may continue to boost the growth of AI application user volume and open up commercial space, further laying out AI applications. This article is reproduced from "Tencent Stock Picks", GMTEight Editor: Xu Wenqiang.