Midday Review: Shanghai Composite Index falls over 1%, dropping below 4000 points; Trading volume in both Shanghai and Shenzhen markets shrinks by over 570 billion yuan in the first half of the day.
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A-share midday review: The Beijing Stock Exchange 50 Index fell 1.36%, with significant intraday fluctuations in computing hardware stocks such as glass substrates, optical fibers, and PCBs.
Mars Finance reported on July 6th that the three major A-share indices opened mixed. At midday closing, the Shanghai Composite Index rose 0.08%, the Shenzhen Component Index fell 0.36%, and the ChiNext Index fell 0.51%; the Beijing 50 Index fell 1.36%. The combined turnover of the Shanghai and Shenzhen stock exchanges was approximately 2,206.256 billion yuan, an increase of approximately 146.55 billion yuan compared to the previous trading day. On the market, computing hardware stocks such as glass substrates, optical fibers, and PCBs experienced significant fluctuations during the session. Hangzhou Electric Co., Ltd. hit its daily limit down after releasing its earnings forecast, while Defu Technology and International Composite Materials fell by more than 10% intraday. Rainbow Co., Ltd., Lehman Optoelectronics, and Woge Optoelectronics also declined. The fluorochemical sector continued its correction, with Binhua Co., Ltd. hitting its daily limit down intraday, followed by declines in Zhongjuxin, Tianci Materials, and Yonghe Co., Ltd. In addition, sectors such as robotics, commercial aerospace, and rare earth permanent magnets also fell. On the other hand, pork stocks remained active, with Muyuan Co., Ltd., Wens Foodstuff Group Co., Ltd., and Tianbang Food Co., Ltd. all rising, following the return of pork prices to the "10 yuan era," a week-on-week increase of over 13%. Fueled by policy documents, the innovative drug sector continued its recent upward trend, with Gan & Lee Pharmaceuticals, Huahai Pharmaceutical, and Luoxin Pharmaceutical all hitting their daily limit. (Science & Technology Treasure Report)
Hong Kong Stocks Midday Review: Hang Seng Index Up 2.38%, Hang Seng Tech Index Up 4.34%
Mars Finance reports that at midday closing, the Hang Seng Index rose 2.38%, and the Hang Seng Tech Index rose 4.34%. The semiconductor sector surged, with Tianshu Zhixin up 11%, Huahong Grace up over 8%, and SMIC and Shanghai Fudan both up over 7%. (Cailian Press)
A-shares opened lower: All three major indices opened lower, with the Shanghai Composite Index down 0.54%, led by semiconductor and chip stocks.
Mars Finance News, July 7th: At the opening of the A-share market, the Shanghai Composite Index fell 0.54% to 4019.49 points, the Shenzhen Component Index fell 0.46%, and the ChiNext Index fell 0.44%. Semiconductor and chip stocks led the decline, with memory and advanced packaging sectors also experiencing significant drops. Building materials and precious metals sectors were weak; the construction machinery sector performed strongly. (Science and Technology Treasure Broadcast)
Midday Review: The ChiNext Index rose 1.58% in the morning session, with robotics concept stocks experiencing a collective surge.
According to Mars Finance, the market rallied in the morning session, with the ChiNext index showing strength. The combined turnover of the Shanghai and Shenzhen stock exchanges was 2.06 trillion yuan, a decrease of 182.3 billion yuan compared to the previous trading day. Hot sectors rotated rapidly, with over 3,500 stocks rising. In terms of sectors, the robotics concept surged, with over twenty constituent stocks hitting their daily limit. Estun achieved three consecutive daily limits in four days, Riying Electronics achieved two consecutive daily limits, and Wolong Electric Drive, Shoukai Shares, and many other stocks also hit their daily limits. The gold concept continued its strong performance, with Zhaojin Gold and Chifeng Gold achieving two consecutive daily limits, and Sichuan Gold, Western Gold, and Shanjin International all hitting their daily limits. The PCB concept rebounded after fluctuations, with Shennan Circuits hitting its daily limit. The power grid equipment sector strengthened, with Huaming Equipment, Jinzhi Technology, and Zhongyuan Shares hitting their daily limits. On the downside, the semiconductor materials sector fluctuated and declined, with electronic specialty gases and photoresist sectors leading the decline. Duofuduo and Jianghua Microelectronics touched their daily limits. At the close, the Shanghai Composite Index rose 0.69%, the Shenzhen Component Index rose 1.39%, and the ChiNext Index rose 1.58%. (Cailian Press)
Midday Review: The ChiNext Index fell 3.47% in the morning session; non-ferrous metals and robotics concepts bucked the trend and strengthened.
According to Mars Finance, the market opened lower and fluctuated weakly in the morning session, with a clear divergence between the yellow and white lines, and heavyweight stocks showing weakness. The combined turnover of the Shanghai and Shenzhen stock exchanges in the first half of the day was 2.24 trillion yuan, a decrease of 177.9 billion yuan compared to the previous trading day. Hot sectors rotated rapidly, with over 3,200 stocks rising and over 100 hitting their daily limit. In terms of sectors, the humanoid robot concept performed actively, with over ten constituent stocks hitting their daily limit. Fulai New Materials achieved two consecutive daily limits, Fenglong Shares achieved two daily limits in three days, and Riying Electronics, Yingfeng Shares, and Fangzheng Motor also hit their daily limits. The non-ferrous metals sector strengthened, with Xianglu Tungsten, Chifeng Gold, Zhaojin Gold, and Shanjin International hitting their daily limits. The advanced packaging concept continued to recover during the session, with Qipai Technology hitting its 20% daily limit. On the downside, the semiconductor equipment sector continued to adjust, with North China Electronics hitting its daily limit down. The computing power hardware sector collectively declined, with Dongshan Precision hitting its daily limit down and Cambridge Technology touching its daily limit down. At the close, the Shanghai Composite Index fell 0.9%, the Shenzhen Component Index fell 2.09%, and the ChiNext Index fell 3.47%. (Cailian Press)
A-share midday review: The three major indices rose collectively in the morning session, with the semiconductor sector rebounding quickly after an initial dip.
Mars Finance reported on July 8th that the three major A-share indices rose collectively in the morning session. The Shanghai Composite Index rose 0.52% to 4011.05 points, the Shenzhen Component Index rose 0.08% to 15237.45 points, and the ChiNext Index rose 0.95% to 3949.04 points; the Beijing 50 Index fell 0.71%. The combined turnover of the Shanghai and Shenzhen stock exchanges was approximately 1.70248 trillion yuan, an increase of approximately 71.965 billion yuan compared to the previous trading day. By midday, 1886 stocks had risen and 3458 stocks had fallen, with 43 hitting their daily limit up and 11 hitting their daily limit down. In terms of sectors and themes, oil and gas exploration and services, precious metals, cloud computing, computer equipment, computing power leasing, tourism and hotels, semiconductors, and software development sectors led the gains; energy metals, batteries, motors, construction machinery, pork, photovoltaic equipment, and humanoid robot concept stocks led the declines. On the market, the semiconductor sector rebounded quickly after initially hitting a low, with Cansun Semiconductor hitting its 20% daily limit, and Huahong Grace Semiconductor and Shengke Communication reaching new historical highs. The computing power leasing sector performed strongly, with Wangsu Science & Technology and Sangfor Technologies both hitting their 20% daily limit, and Inspur Information opening at its daily limit after releasing its earnings forecast. DataPort and YunSai Intelligent also hit their daily limits. The precious metals sector rallied during the session, with Zhaojin Gold hitting its daily limit, and Xiaocheng Technology and Chifeng Gold following suit, after the People's Bank of China increased its gold holdings for 20 consecutive months. Oil and gas exploration, software development, tourism, and hotels also performed well. The new energy industry chain fell in the morning, with lithium mining and energy metals leading the decline. Rongjie Technology hit its daily limit, and Shengxin Lithium Energy, Tianqi Lithium, and Yongshan Lithium saw the largest declines. Humanoid robot concept stocks performed poorly, with Rifeng Precision Machinery and Estun hitting their daily limits during the session, and Greenland Harmonic falling by 10%. (Science and Technology Treasure Broadcast)