A-shares midday report: Stock index differentiation, the ChiNext index rose 0.89% in the morning! Four major positive factors boost the surge in electric power stocks.

The situation in the Middle East continues to be deadlocked. Investors are trying to digest the inflationary impact of high oil prices and are shifting their focus to the upcoming Fed interest rate decision. On March 18, the three major indexes of A-shares fluctuated, with the Shanghai Composite Index falling back after shaking, the Growth Enterprise Market Index rose over 0.8%, and previously turned green. By the midday close, the Shanghai Composite Index fell by 0.4%, the Shenzhen Component Index rose by 0.05%, and the Growth Enterprise Market Index rose by 0.89%. Market trading volume continued to shrink, with the total turnover of the Shanghai and Shenzhen markets reaching 1.24 trillion yuan by midday, down 128.2 billion yuan from the previous trading day. It is worth noting that the power sector surged in the morning session! GF SEC stated that the power sector has both high dividend yield and growth characteristics, with four key positives: first, from top-level design to Token going global, power has become a core asset of the AI era; second, the logic of rising electricity prices has been strengthened, and public utility assets are being revalued; third, in line with the "HALO" asset paradigm, it combines ultimate defense and transformational growth dividends; fourth, value discrepancies are evident, with power assets being both offensive and defensive. In other sectors, the storage chip led the semiconductor industry chain in a strong rebound, with stocks such as Shenzhen CECport Technologies and Chengbang EcoEnvironment hitting the limit up. Biwin Storage Technology rose more than 10% to another new high; the optical module, computing power leasing, NVIDIA concept, and liquid cooling sectors all saw significant gains. Concepts like 6G, communication services, electronic components, AI applications, and commercial aerospace also performed well. Looking ahead, Debon Securities believes that the A-share market may continue to show structural market characteristics, with rotation between technology growth and traditional cycles possibly becoming the market's main theme. GF SEC, on the other hand, believes that once short-term geopolitical uncertainties are eliminated, the Chinese stock market may see the best bottom fishing opportunity of the year. Hot Sectors: 1. The power sector is active, with stocks like Jiawei Renewable Energy and Huadian Liaoning Energy Development performing well. 2. The computing hardware sector saw a significant rise, with stocks like Suzhou K-Hiragawa Electronic Technology and Raisecom Technology hitting the limit up. 3. The semiconductor industry chain rebounded strongly, led by storage chips. 4. The liquid-cooled server concept saw a significant increase, with stocks like Zhejiang Dayuan Pumps Industry and Nanjing Canatal Data-Centre Environmental Tech hitting the limit up. Institutional Views: GF SEC: Chinese stocks may see a buying opportunity once short-term geopolitical uncertainties are eliminated. Debon Securities: The A-share market may continue to show structural market characteristics. China Securities Co., Ltd.: The chemical price increase trend is spreading, with the price spread index rising significantly.