**Introduction**: The stock of Hainan Haiyao, a rising star, plummeted to a daily limit down, while the stock price of Kweichow Moutai hit a new low again.
Let's first look at the central bank's actions: On September 18th, the central bank's open market operations announcement indicated that to offset the impact of the Medium-term Lending Facility (MLF) and the expiration of reverse repurchase agreements in the open market, and to maintain a reasonable and sufficient liquidity in the banking system, the People's Bank of China conducted a 7-day reverse repurchase operation of 568.2 billion yuan on the same day, with a fixed interest rate and quantity bidding method, at an operational interest rate of 1.70%.
The MLF that matures today will be renewed on September 25th. Wind data shows that today there are 487.5 billion yuan in reverse repurchase agreements and 591 billion yuan in MLF maturing.
In the A-share market, on September 18th, at the opening, the three major indices showed mixed performance: the Shanghai Composite Index reported at 2705.35 points, slightly up by 0.05%; the Shenzhen Component Index fell by 0.1%, and the ChiNext Index fell by 0.12%. The market fluctuated narrowly in the morning, and as of the time of writing, the Shanghai Composite Index remained in the red.
On the market, precious metals, coal, home appliances, and shipping sectors slightly turned red in the morning, and the photolithography machine concept performed well; the catering tourism, agriculture, airport, and liquor industries were sluggish, with gene testing, stem cells, and smart medical care leading the declines.
The Hong Kong stock market is closed today for the day after the Mid-Autumn Festival, and north-south trading is suspended.
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The stock of Hainan Haiyao, which had been on a six-day winning streak, plummeted to a daily limit down.
On September 18th, the previously hot stock of Hainan Haiyao opened at 5.6 yuan per share in the morning and quickly plummeted to a daily limit down at the beginning of the trading. As of the time of writing, Hainan Haiyao reported at 4.89 yuan per share, with a decline of 9.94%; there were more than 1.06 million sell orders at the top.
Recently, influenced by hot topics such as state-owned enterprise reform, Hainan Free Trade Port, and stem cells, Hainan Haiyao has consecutively pulled out six daily limit up boards. On the evening of September 17th, Hainan Haiyao issued a stock trading abnormal fluctuation and risk warning announcement, stating that the company's stock price has risen significantly in the short term, deviating noticeably from the market trend, and there is a risk of overheating market sentiment.Regarding the recent buzz around the concept of stem cells, Hainan Haiyao stated that its staked company, Unicore, is primarily engaged in the preparation, storage, application technology research, and drug development of human somatic cells. Its current main business is cell preparation and storage. Due to Unicore's continuous investment in research and development as well as market exploration, it has not yet been profitable as of now. By the end of 2023, the book value of Unicore is 0 yuan.
Hainan Haiyao also mentioned that there are uncertainties regarding future product development in terms of technological research and development and competitive capabilities. Moreover, the industry is subject to various factors such as future market demand changes, industry, and national policy changes, which also introduce uncertainties. Investors are advised to be mindful of investment risks and make rational decisions.
Apart from Hainan Haiyao, there was a clear divergence in the concept of state-owned enterprise reform in the morning: Hua Ying Technology hit the daily limit down, while Yangpu Medical, Jin Guan Shares fell more than 10%; Rui Tai Technology, Long Gao Shares, Hai Li Shares, Chang Shan Bei Ming and several other stocks, however, made significant gains to hit the daily limit up.
Kweichow Moutai's stock price hits a new low again
On the morning of September 18th, the overall weight of the stock market turned red, driving the Shanghai Composite Index to maintain a certain increase. As of press time, among the A-shares with a market value of more than 500 billion yuan, only Kweichow Moutai turned green, falling more than 2% during the trading day, with the lowest stock price touching 1275.86 yuan per share, setting a new low in recent times.
In the morning, the liquor stocks were generally sluggish, with Wuliangye, Shanxi Fenjiu, Luzhou Laojiao, and others all falling more than 1%.
The food and beverage team of Guojin Securities pointed out that the Mid-Autumn Festival liquor sales window has come to an end, and the channels generally reported a decline in sales, with a double-digit percentage drop. Among them, the best-selling products and price points performed relatively better, recording a single-digit percentage drop to a slight increase, while the non-best-selling price points and brands with a slightly weaker foundation in the region saw a higher decline in sales, mainly due to a tired demand environment and more noticeable downgrading and frequency reduction characteristics. Both residents and enterprises generally weakened some non-essential gifting and other demands.
Additionally, recent media reports have stated that a consumer in Hunan claimed to have purchased a full box of zodiac Moutai from a merchant recommended by "Three Sheep Network Singing to Wine." Upon appraisal, this box of Moutai did not conform to the characteristics of genuine products, and the relevant testing agency was Guangzhou Zhongjiu Testing and Appraisal Co., Ltd. In response to this, a person related to Moutai stated that Kweichow Moutai has not cooperated with any third-party appraisal agencies to appraise Moutai liquor products.