On December 17, the A-share market showed a weak adjustment pattern, with major stock index futures experiencing mixed gains and losses. The main contract of the CSI 300 stock index futures (IF) rose by 0.34%, and the main contract of the SSE 50 stock index futures (IH) increased by 0.57%, but the CSI 500 and CSI 1000 stock index futures (IC and IM) fell by 0.90% and 1.86% respectively.
The Three Major Indices Fell in the Afternoon, Widespread Decline in Individual Stocks
On the same day, the Growth Enterprise Market index significantly declined in the afternoon, causing all three major stock indices to turn red. The individual stocks across the market generally fell, with nearly 4,800 stocks recording declines, demonstrating weak overall performance. The trading board showed most sectors performed poorly, but the football concept and component sectors were among the few highlights.
Sector Performance Diverged
As for sectors, the football concept led the gains strongly throughout the day. Stocks like Aoto Electronics, Double Elephant, and Guangdong Media hit the limit-up during trading, drawing high market attention on this sector. The component sector also performed actively, with Mingyang Circuit closing at the upper 20cm limit.
The liquor sector surged intraday but then retreated, with Yanshi Shares leading. The film and cinema sector continued to decline, with Aofei Entertainment and Bona Film Group hitting the limit-down. The education sector also fell into a deep correction, with Kevin Education and Broadcom both hitting the limit-down. Retail stocks also plummeted, with Central Mall and Hualian Holdings among those collectively hitting the limit-down.
Overall, the football concept, component, and liquor sectors led the gains, while the film and cinema, education, and millet economy sectors led the declines.
Market Sentiment Gloomy, Strong Wait-and-See Attitude
Analysts point out that today's market showed a widespread decline pattern, with insufficient continuity in hot sectors and investors' sentiment remaining gloomy. Additionally, uncertainties in external markets and year-end liquidity pressures might be key factors for the market adjustment.
In general, although sectors like the football concept showed strong performances, the overall market weakness was evident, with widespread declines in stocks. Investors need to pay attention to market sentiment and capital flows and carefully manage short-term volatility risks.
