A-share midday review | The trend of the three major indexes diverges, the ChiNext Index falls by nearly 1%, and the non-ferrous metal sector rises strongly.

On February 11, the three major indexes showed divergent trends, with the Shanghai Composite Index fluctuating higher while the ChiNext Index and the Shenzhen Component Index were relatively weak. By midday close, the Shanghai Composite Index rose by 0.22%, the Shenzhen Component Index fell by 0.07%, and the ChiNext Index dropped by 0.91%. The total turnover of the two markets in the morning session was 1.30 trillion yuan, a decrease of 94.9 billion yuan compared to the previous day. In terms of market performance, the rare earth and non-ferrous metal sectors surged strongly, with gold, zinc, and copper leading the way. Stocks like Sichuan Xinjinlu Group and Guangdong Xianglu Tungsten hit limit up. The chemical and dye sector continued to rise, with Nantong Acetic Acid Chemical, Anhui Huaertai Chemical, and other stocks hitting limit up. Additionally, the commercial aerospace sector warmed up, with stocks like Chongqing Zaisheng Technology Corp. hitting limit up. The computing power leasing concept also saw a surge, with stocks like Dawei Technology (Guangdong) Group hitting limit up. The lithium extraction and solid-state battery sectors also performed well, with stocks like Jiangsu Jujie Microfiber Technology Group hitting limit up. On the downside, the previously surging AI application sector saw a correction, and sectors like film and television, e-commerce, and gaming trended lower. Stocks like Hengdian Entertainment and Zhewen Pictures Group Co., Ltd. hit limit down. The photovoltaic equipment sector continued to decline, with ZERUN CO., LTD leading the decline. Stocks related to solar modules showed mixed performance, with Yuanjie Semiconductor Technology falling by over 5%. The tourism and hotel sector, as well as the ice and snow industry, weakened, while insurance stocks continued to decline. Sectors like pharmaceuticals, consumer electronics, and semiconductors also performed poorly. Looking ahead, Minsheng Securities believes that the week before the holiday is the best time to layout positions and to seize the opportunity for pre-holiday rebounds. Popular sectors: 1. Non-ferrous metal sector surges 2. Chemical sector continues to strengthen 3. Commercial aerospace sector warms up 4. Computing power leasing concept strengthens again 5. Lithium mining concept fluctuates higher Institutional Views: - Minsheng Securities: The week before the holiday is the best window for positioning, seize the opportunity for pre-holiday rebounds. - China Galaxy Securities: The Spring Festival holiday is expected to provide a sufficient time window for the release of scheduled box office revenues. - CITIC Securities: It is expected that the photovoltaic cell component industry's "anti-concussion" trend will accelerate. This article was reprinted from "Tencent Stock Selection". Editor: Wang Qiujia.