September 23 A-share close review: Volume shrinks and weakens ahead of the holiday; all three major indexes close lower!
On September 23, China’s A-share market opened higher but then moved lower, showing a clear contraction in trading volume due to the pre-holiday effect. In the afternoon, the indices continued to trade weakly and sideways; during the session they dipped further, setting a new intraday low. Meanwhile, risk-avoidance sentiment was somewhat heightened.
By the close, the Shanghai Composite Index fell 0.39%, the Shenzhen Component Index fell 0.64%, and the ChiNext Index fell 0.60%. Total trading value across both exchanges for the full day exceeded RMB 1.7 trillion. More than 3,500 stocks across the market closed down, making the overall decline clearly dominant.
Sector performance was mixed. Sectors such as CRO, BC batteries, and PCB led the gains, with comparatively stronger market activity. Real estate and liquor stocks surged intraday and briefly spiked higher, while the PET copper foil sector opened higher and climbed steadily.
On the lagging side, sectors including coal mining and processing and cinema/film exhibition underperformed throughout the day. Sectors such as culture and media, oil & gas exploration and services recorded declines at the front.
Overall, ahead of the holiday, trading enthusiasm cooled and investors’ wait-and-see sentiment increased. In the short term, it is likely that the market will remain range-bound and consolidate. For trading, it is advisable to manage position sizes reasonably and avoid risks from short-term volatility.
#A股
On September 23, China’s A-share market opened higher but then moved lower, showing a clear contraction in trading volume due to the pre-holiday effect. In the afternoon, the indices continued to trade weakly and sideways; during the session they dipped further, setting a new intraday low. Meanwhile, risk-avoidance sentiment was somewhat heightened.
By the close, the Shanghai Composite Index fell 0.39%, the Shenzhen Component Index fell 0.64%, and the ChiNext Index fell 0.60%. Total trading value across both exchanges for the full day exceeded RMB 1.7 trillion. More than 3,500 stocks across the market closed down, making the overall decline clearly dominant.
Sector performance was mixed. Sectors such as CRO, BC batteries, and PCB led the gains, with comparatively stronger market activity. Real estate and liquor stocks surged intraday and briefly spiked higher, while the PET copper foil sector opened higher and climbed steadily.
On the lagging side, sectors including coal mining and processing and cinema/film exhibition underperformed throughout the day. Sectors such as culture and media, oil & gas exploration and services recorded declines at the front.
Overall, ahead of the holiday, trading enthusiasm cooled and investors’ wait-and-see sentiment increased. In the short term, it is likely that the market will remain range-bound and consolidate. For trading, it is advisable to manage position sizes reasonably and avoid risks from short-term volatility.
#A股