On September 3, the A-shares market witnessed fluctuations characterized by a decline in trading volume. Meanwhile, the concepts surrounding liquid-cooled servers and lab-grown diamonds continued to gain traction. The non-bank financial sector stood out, ranking at the forefront in terms of both gains and net inflow of principal funds within the primary industries classified by Shenwan. A research report from Caixin Securities highlighted that the market may encounter a bullish phase in September, primarily attributable to three key factors:
Firstly, external disruptions have abated, and the global AI industry chain has undergone sufficient adjustments, laying the groundwork for a potential rebound in the technology sector.
Secondly, following the release of semi-annual reports, performance risks have been mitigated. The outlook for thematic sectors has gradually become clearer, and investors' risk appetite has rebounded, paving the way for the emergence of leading sectors.
Thirdly, the market's position structure has been refined. Throughout August, the market oscillated and consolidated at its lows, firmly establishing a short-term bottom. After rebounding to resistance levels, the market optimized its position structure by trading time for space, setting the stage for subsequent upward trends.