On October 15, the three major A-share indexes, namely the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index, all opened lower. Particularly, brokerage stocks led the decline, while sectors like financial technology and oil and gas also saw drops.
The A-share Shanghai Composite Index opened at 3,265.75 points on the 15th of October, down 18 points or 0.57%, the Shenzhen Component Index opened at 10,286.24 points, a decrease of 0.40%, and the ChiNext Index opened at 2,139.65 points, a decline of 0.73%.
According to a report from Hong Kong’s “Sing Tao Daily,” various sectors were under pressure, with petroleum stocks dropping by over 2%. Financial, nonferrous metal, real estate, media and entertainment, coal, steel, and automobile manufacturing stocks all fell by more than 1%, while chemical, power, biopharmaceutical, and cement stocks showed a general softening trend.
News from Upstream News indicated that financial technology, oil and gas exploration and services, military industry, securities, software development, and other sectors were at the forefront of the decline.
In particular, most oil and gas stocks opened lower in bid prices, with companies like Zhunyuan Oilfield Services, Tongyuan Petroleum down by over 4%, and Sun Power Hi-Tech, Zuman Petroleum, Baker Energy down by over 3%. The correlation between international oil prices and futures trading also showed a decline of over 4%.
Additionally, according to Zhongxin Jingwei News, after the market opened on the 15th, brokerage stocks experienced declines, with Guotai Junan Securities falling by over 5% and Oriental Wealth, TF Securities dropping by more than 3%.
On the previous trading day, October 14, the three major A-share indexes also opened lower, with the Shanghai Composite Index down by 1.79%, the Shenzhen Component Index down by 2.92%, and the ChiNext Index down by 4.84%. Nearly 5,000 individual stocks in the Shanghai, Shenzhen, and Beijing markets opened with declines.