A-share market closing review | Index collectively rebounds! Trading volume continues to shrink, market style continues to rotate.
Today the market continues to shrink in volume, with only 1.7 trillion in total transactions for the day, and over 4000 stocks in the two markets have risen.
Today, the three major indexes collectively rebounded, with the growth of the Growth Enterprise Market Index leading the way. The market style continues to rotate, with technology themes such as computing power rebounding, and dividend assets such as banks adjusting. Today, the market continued to shrink, with a total turnover of only 1.7 trillion, and more than 4,000 stocks in the two markets rose.
Market analysis believes that three major positive news uplift the market:
1. Heavy economic data released. China's GDP grew by 5.2% year-on-year in the first three quarters, and the National Bureau of Statistics stated that the economy has made positive progress in the first three quarters with stable and high-quality development.
2. Easing trade tensions. The heads of China and the US held a video call on economic and trade issues, agreeing to hold a new round of negotiations as soon as possible. In addition, Trump continued to signal relaxation in a recent interview.
3. Technology stocks receive a series of positive news. Industrial reports that overseas major customers have recently raised their 2026 1.6T optical module procurement plan; since October, research results in the chip field of domestic universities have surged; UBS has upgraded Chinese technology stocks to "most attractive."
In terms of the market, technology stocks rebounded significantly, with computing power hardware such as CPO leading the gains, and multiple stocks such as Cig Shanghai hitting the limit up. Semiconductors once surged, with Tangshan Sunfar Silicon Industries hitting four consecutive limit ups. The Siasun Robot & Automation sector strengthened again, with stocks like Zhongshan Broad-ocean Motor hitting the limit up. In addition, consumer electronics, brain-machine interfaces, quantum technology, and other sectors all showed some performance. In other hot spots, the ice and snow industry concept strengthened in the afternoon, with stocks like Changbai Mountain Tourism and Dalian Sunasia Tourism Holding hitting the limit up; the Hainan free trade zone concept continued to be active, with Hainan Haiqi Transportation Group hitting the limit up; the solid-state battery concept surged, with Shandong Hi-Tech Spring Material Technology hitting a 20% limit up. On the downside, precious metals and other non-ferrous metal sectors weakened, with Hunan Silver hitting the limit down, and sectors such as traditional Chinese medicine, securities, and consumer goods showing negative trends.
Looking ahead, China Galaxy Securities believes that with a decrease in turnover, a shift in fund style is expected, and the probability of market cyclical fluctuations is high.
In terms of individual stocks, 4,064 stocks rose in the two markets, while 1,253 fell, and 121 remained unchanged. There were a total of 96 stocks hitting the limit up and 7 stocks hitting the limit down.
As of the close, the Shanghai Composite Index rose by 0.63% to 3863.89 points, with a turnover of 772.5 billion yuan; the Shenzhen Component Index rose by 0.98% to 12,813.21 points, with a turnover of 965.1 billion yuan. The ChiNext Index rose by 1.98% to 2993.45 points.
Funds Flow
Today, main funds focused on buying up communication equipment, components, and semiconductor sectors. The leading stocks in terms of net inflows of main funds include Zhongji Innolight, Victory Giant Technology, Hangzhou Silan Microelectronics, etc.
News Review
1. Yushu Technology unveils H2 bionic Siasun Robot & Automation
Yushu Technology announced the release of the H2 bionic humanoid Siasun Robot & Automation, which stands 180cm tall and weighs 70kg. In the poster, the Siasun Robot & Automation strikes a professional ballet pose, with labels like "Agile" and "Elegant", and equipped with 31 joints.
2. October LPR quote released: 5-year and 1-year interest rates remain unchanged
The benchmark lending rate (LPR) for October was released: LPR for more than 5 years remained at 3.5%, the same as last month. The 1-year LPR remained at 3%, the same as last month.
3. National Bureau of Statistics: China's GDP grew by 5.2% year-on-year in the first three quarters
Data released by the National Bureau of Statistics showed that China's GDP in the first three quarters amounted to 101.5036 trillion yuan, a year-on-year growth of 5.2% as calculated at constant prices. The value added in the primary industry was 5.8061 trillion yuan, a year-on-year growth of 3.8%, contributing 4.7% to economic growth; the value added in the secondary industry was 36.402 trillion yuan, a year-on-year growth of 4.9%, contributing 34.6% to economic growth; the value added in the tertiary industry was 59.2955 trillion yuan, a year-on-year growth of 5.4%, contributing 60.7% to economic growth. The proportions of value added in the three industries to GDP were 5.7%, 35.9%, and 58.4%, respectively.
4. CHOW TAI FOOK: Plans to raise retail prices of most gold products by 12%-18% at the end of October
Due to the continuous increase in gold prices affecting costs, CHOW TAI FOOK plans to raise retail prices of gold products at the end of October, with most products expected to see a price increase of 12%-18%. CHOW TAI FOOK stated that the Group has a mechanism to closely monitor gold price fluctuations and make timely price adjustments to respond to market changes.
Future Analysis
1. Industrial: Focus on internal certainty and industry trends
Industrial believes that going forward, the most turbulent moments of overseas disturbances may be passing, and upcoming events such as the Fed interest rate meeting and APEC summit will provide favorable conditions. Domestically, the upcoming CPC Fourth Plenary Session and third-quarter economic verification are expected to catalyze positive factors intensively, and market consensus on economic trends is likely to consolidate. The focus should still be on internal certainty, with a focus on economic trends and industries. Currently, it is important to focus on benefits from military industry, domestic computing power industry chain representing independent controllability, beneficiaries of the "Fifteen-Five" plan, as well as innovative medicine, North America's computing power chain, gaming, batteries, and other third-quarter economic trend industries.
2. Zhongtai: Multi-factors interplay of policy and fundamentals may boost market confidence
Zhongtai believes that in terms of policies, the Fourth Plenary Session of the 20th CPC Central Committee will be held from October 20th to 23rd, and the policy focus for the next five years may emphasize technological innovation and industrial upgrading, especially in areas like artificial intelligence and advanced manufacturing. This could provide a recovery space for risk appetite, and as the third-quarter earnings reports continue to be released, the profitability of enterprises is gradually becoming clear. With multiple factors overlapping, sideline funds may re-enter the market, and market turnover is expected to gradually increase, ending the previous days of low turnover. It is recommended to continue focusing on the two main threads of non-ferrous metals and technology growth.
3. Orient: Probability of testing near 3800 points high this week
Orient believes that from a technical perspective, last Friday's medium-yin line pierced through short- and medium-term moving averages, indicating a further need for market exploration, with a high probability of testing near 3800 points this week. However, in the medium term, it is still part of the wide range oscillation structure of "3700-3900 points" that we have maintained. From an allocation perspective, red dividend assets represented by coal, banking, and electric power will attract market attention, while the technology sector can be gradually accumulated on dips after pulling back.
This article is reprinted from "Tencent stocks", GMTEight Editor: Liu Jiayin.
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