A-share market quick opening express | A-share red plate shock! Apple concept stocks rise, coal and consumer goods sectors pull back.

On October 21, the A-share market opened higher and fluctuated. As of 9:32, the Shanghai Composite Index rose by 0.27%, the Shenzhen Component Index rose by 0.43%, and the ChiNext Index rose by 0.19%. On the market, Apple concept stocks rose, with Jutze Intelligence Technology rising by over 10%; the energy sector, including shale gas and combustible ice, strengthened again, with Shanghai SK Petroleum & Chemical Equipment Corporation hitting the limit up; the construction machinery sector rose, with Shaanxi Construction Machinery hitting the limit up. On the downside, coal and gas stocks experienced a pullback, while the consumer sector, including food and beverages, weakened. Medical, port, automobile, and banking sectors led the declines. Looking ahead, Orient believes that in the short term, in terms of market sentiment, the momentum for profit-taking and market enthusiasm is approaching a neutral level. Expecting a strong performance in the stock market is not very realistic, and range-bound trading remains the main feature of the market. Hot Sectors: 1. Shale gas and combustible ice sectors strengthen The energy sector, including shale gas and combustible ice, strengthened again, with Shanghai SK Petroleum & Chemical Equipment Corporation, Sinopec Oilfield Equipment Corporation hitting the limit up. Other related companies such as Dezhou United Petroleum Technology Corp., ZYFIRE, NEW JCM GROUP, Sichuan Etrol Technologies, and Shandong Molong Petroleum Machinery followed suit. Commentary: According to statistics, China's natural gas production has increased from 30 billion cubic meters in 2000 to 240 billion cubic meters in 2024, ranking fourth in the world. At the same time, unconventional gas development is still on the road to breaking through. Coalbed gas is expected to become a "new blue ocean" for natural gas development to overcome the bottleneck of coalbed gas development. Institutional Views: 1. China Securities Co., Ltd.: Volume contraction rotation continues, style switch has begun China Securities Co., Ltd. believes that after the overheating of the calculation power sector in early September, the market entered a bull market consolidation phase, showing characteristics of high and low capital rotation, sideways movement of indices, and volume contraction rotation. Overall, the logic of the bull market is still intact, as capital market reforms are in a deep-water area and structural prosperity provides support, with ample liquidity and limited downward adjustments. In terms of medium-term allocation, the style switch has begun and short-term attention to "counterattack + risk aversion", year-end attention to dividend + technology styles. Key sectors to focus on include dividends, non-ferrous metals (rare earths, precious metals), major financials (banks, insurance), steel, agriculture, forestry, animal husbandry, and fishery, AI, batteries, chips, Siasun Robot & Automation, and innovative drugs. 2. China Galaxy: Short-term market style switch, focus on the "15th Five-Year Plan" expectations China Galaxy believes that in the short term, under the uncertainty of external trade friction and the accumulation of large pre-f... The rest of the text is too long for a single response.