Sino-Singapore Jingwei Client, September 28. On the 28th (Monday), the three major A-share indexes collectively opened higher. Photovoltaic and coal stocks led the rise, while securities stocks pulled back.

　　All major A-share indexes opened up and down.

Source: Wind

　　As of the opening, the Shanghai Composite Index rose 0.17% to 3,224.98 points; the Shenzhen Component Index rose 0.36% to 12,860.09 points; the ChiNext Index rose 0.45% to 2,551.78 points.

In addition, the Science and Technology 50 Index rose 0.25% to 1,367.46 points.

　　On the disk, glass manufacturing, power supply equipment, food processing, motors, airports and other sectors led the gains; securities firms, semiconductors, commercial property management, diversified finance, and other mining sectors led the decline.

In terms of concept stocks, cosmetics, medical beauty, new stocks and sub-new stocks, glass concept, sweeteners, etc. rose among the top, and capital leaders, diamonds, Xi'an Free Trade Zone, securities firms, and sugar were among the top decliners.

　　In terms of individual stocks, 2025 individual stocks rose, among which Jingyeda, Zhongxing Fungi, ST Busen and other stocks rose by more than 5%.

1209 stocks fell, of which Andavier, Xinyu Guoke, Yawei shares and other stocks fell more than 5%.

　　In terms of capital flow, the top five industries that flow into the top five are other transportation equipment, cultural media, Internet media, marketing communications, and shipbuilding. The top five outflows are other transportation equipment, cultural media, Internet media, marketing communications, Shipbuilding.

The top five stocks with major inflows are China General Nuclear Power, Anning, Beimo Hi-Tech, Senkirin, and Xinruida. The top five stocks with outflows are China General Nuclear Power, Anning, Beimo Hi-Tech, Senkirin, and Xinxin. Ruida.

The top five conceptual themes in the main inflow are O2O concept, cotton, UHV, wind power, and Shenzhen state-owned reform. The top five conceptual themes that outflow are O2O concept, cotton, UHV, wind power, and Shenzhen state-owned reform.

　　Data from the China Foreign Exchange Trading Center showed that the central parity of the RMB against the US dollar fell 131 basis points to 6.8252.

　　As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 730.802 billion yuan, a decrease of 2.057 billion from the previous trading day. The securities lending balance was reported at 55.178 billion yuan, a decrease of 244 million from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 683.399 billion yuan. , A decrease of 2.405 billion yuan from the previous trading day, and the balance of securities lending reported 29.727 billion yuan, an increase of 206 million yuan from the previous trading day.

The balance of margin financing and securities lending in the two cities totaled 1,49.105 billion yuan, a decrease of 4.5 billion yuan from the previous trading day.

　　From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound capital is 54 million yuan, of which the net inflow of Shanghai Stock Connect is 27 million yuan, the balance of funds on the day is 51.973 billion yuan, and the net inflow of Shenzhen Stock Connect is 27 million yuan. The balance was 51.973 billion yuan; the net inflow of southbound funds was 847 million yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 645 million yuan, the fund balance on the day was 41.355 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 202 million yuan, and the fund balance on the day was 41.798 billion yuan.

　　Debon Securities pointed out that last week there was a continuous decline in market volume and capital outflows from various sources, reflecting the sluggish market sentiment before the National Day, and the market chose to adjust downwards in the absence of significant positive stimuli.

After the National Day, the key factor that determines the market is still liquidity.

In the context of the obvious slowdown of China's economic recovery slope, subsequent economic upside risks have been eliminated, economic recovery pressure remains high, and market liquidity may once again be abundant.

　　CICC believes that the A-share market will continue to fluctuate weakly in the week before the holiday, and it is difficult to perform at the index level under the sluggish trading environment.

Investors with low risk appetites can choose to avoid holiday macro events and the uncertainty of the external market and control their positions; investors with high risk appetites can continue to increase their positions on dips, dilute index fluctuations, and pay attention to individual stock opportunities.

(Zhongxin Jingwei APP)

(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.)