CITIC Securities says the market outlook for September remains dominated by stock-positioning and structural themes. It recommends retaining exposure to AI compute, nonferrous metals, innovative drugs and selected export-oriented manufacturers with sustained momentum, while prioritizing sectors currently underweighted by institutions: banks, insurers and securities firms for high-dividend, defensive characteristics; batteries, industrial and energy metals and basic chemicals for earnings recover

2026-09-02

CITIC Securities says the market outlook for September remains dominated by stock-positioning and structural themes. It recommends retaining exposure to AI compute, nonferrous metals, innovative drugs and selected export-oriented manufacturers with sustained momentum, while prioritizing sectors currently underweighted by institutions: banks, insurers and securities firms for high-dividend, defensive characteristics; batteries, industrial and energy metals and basic chemicals for earnings recovery; and cyclical catch-up plays such as steel and hog farming.