end On September 24, the Shanghai Stock Exchange Index ended the week slightly lower by 0.02% to close at 3613.07, and the GEM rose by 0.46% to close at 3207.82

On the market side, last week, the market as a whole was still active in power related stocks, especially wind power, solar energy, hydropower and other power stocks, which led to the rise of electricity prices due to power rationing and the expectation of vigorously developing clean energy, which attracted funds to pay attention to these sectors. On the other hand, power rationing and production rationing led to a sharp decline in the share prices of some listed companies due to production rationing, In particular, some chemical stocks even fell sharply due to the expected end of coal price rise in the power rationing market. For coal chemical stocks, the overall consideration is that although the country has increased the supply of stable coal prices plus It is difficult for coal to soar again after 100% long-term association. However, considering the combination of long-term association and market price, the performance of coal companies in the fourth quarter is still expected to be the peak of profits. In addition, the overall dynamic valuation is not high, so with the arrival of the third quarter report, it is not ruled out that related companies will become stronger again. For chemical stocks, the performance in the fourth quarter was lower than expected because some companies reduced production or even significantly reduced production, but there was no or a small amount of production reduction. However, due to the sharp rise in prices, the profit in the fourth quarter was still good. After adjustment, the market would still strengthen again.

Looking ahead to the future, considering the uncertainties of the National Day holiday, it is expected that the market index will continue to be stable and volatile in the next week before the festival 3530 points and 3560 points, GEM index supports 3130 points and 3085 points, pressure 3280 points and 3340 points. In the short term, pay close attention to the end of price rising stocks such as coal and chemical industry. Once the decline stops, the Shanghai Stock Exchange Index is expected to stop falling and recover. In addition, for bargain hunting, pay attention to the pre increase of stocks in the third quarter results and are not limited to the impact of production restrictions caused by electric conduction, for reference only