To The Moon

For stock trading insights, rely on authoritative, professional, timely, and comprehensive analyst reports to help uncover potential thematic opportunities! Source: China Fund News. Market enters holiday mode as A-share volume hits rock bottom

Hello everyone, today's market continued in holiday mode, with trading volume shrinking, and the three major indices barely moved, almost tracing an electrocardiogram pattern.

On September 29, the market opened lower and rebounded throughout the day, with the three major indices posting slight gains. As of the close, the Shanghai Composite Index rose 0.18%, the Shenzhen Component Index gained 0.34%, and the ChiNext Index edged up 0.09%. A total of 3,471 individual stocks advanced, with 57 hitting the daily limit-up, while 1,933 stocks declined. Additionally, the combined turnover of the Shanghai and Shenzhen markets for the full day was 1,409.197 billion yuan, a decrease of 293.6 billion yuan from the previous day, marking a new low since July 8, 2025, and shrinking over 64% from the historic high of 3,941.484 billion yuan set on January 14, 2026.

Real estate sector surges again

The real estate sector surged once more, with multiple stocks including Vanke A, Binjiang Group, Xinda Real Estate, and Huafa股份 hitting the daily limit-up. The battery industry chain strengthened collectively, with Guoxuan High-Tech, Shanghai Xiba, and Yinglian股份 among those reaching the limit-up. PCB concept stocks rebounded, with Xunjiexing, Chaosheng Electronics, Aohong Electronics, and Chongda Technology hitting the limit-up. Media and other AI application directions moved higher, with Zhangyue Technology and China Publishing reaching the limit-up. On the downside, agricultural stocks fell, with Wanxiang Denong hitting the limit-down.

Post-holiday market expected to see a restorative rebound

A previous research report from China Securities suggested that the market's adjustment and volume shrinkage are more driven by trading and seasonal factors, and the market is expected to see a restorative rebound after the holiday. Calendar effects since 2016 show that, excluding the two years of 2018 and 2024 when the market experienced significant volatility, the Shanghai Composite Index had an 87.5% probability of declining in the week before the National Day holiday, with an average drop of 1.1%; in the week after the holiday, the index had a 62.5% probability of rising, with an average gain of 1.3%.