A-share closing review: Sci-tech innovation board surges by 5%! Han Wang hits the limit up strongly.

The A-shares market closed out April! The main indices collectively rose this month, with the market showing a overall trend of fluctuation and ascent. The ChiNext index rose by more than 15%, breaking through the high point from June 3, 2015, and reaching a ten-year high. The ChiNext comprehensive index also hit a historical high, surpassing the high point from June 3, 2015. The Sci-Tech Innovation 50 Index surged by over 25%, and the Shanghai Composite Index stabilized above 4100 points. Today's market saw fluctuations and differentiation, with the Shanghai Composite Index fluctuating narrowly around the flat line, the ChiNext Index rising then falling back, and the Sci-Tech Innovation 50 Index rising by over 5%. The chip sector triggered a surge in limit-up prices, with the industry leader Cambricon hitting the limit-up. The market's total turnover reached 2.7 trillion yuan for the day, with more stocks rising than falling. In terms of hot topics, the commercial aerospace concept performed strongly across the board, with stocks like Shanghai Hugong Electric Group and Wuxi Paike New Materials Technology hitting limit-up. Local stocks in Hainan rose, with Hainan Haide Capital Management hitting limit-up. The humanoid Siasun Robot & Automation concept rebounded, with stocks like Zhejiang Rongtai Electric Material hitting limit-up. The lithium battery concept as a whole declined, while cyclical concepts like coal, steel, and port shipping all fell. In focus stocks, Semight Instruments rose by over 10%, breaking the 1000 yuan mark after just 5 trading days to become the ninth stock in history to do so. It is currently the fourth highest-priced stock in the market after Cambricon, Yuanjie Semiconductor Technology, and Kweichow Moutai. Looking at individual stocks, 2878 stocks rose while 2461 fell in both markets. There were 97 limit-up stocks and 55 limit-down stocks across both markets. At the close, the Shanghai Composite Index rose by 0.11% to 4112.16 points, with a turnover of 1.2762 trillion yuan; the Shenzhen Component Index fell by 0.09% to 15107.55 points, with a turnover of 1.4647 trillion yuan. The ChiNext Index fell by 0.27% to 3677.15 points. Capital flows Today, major funds focused on semiconductor, computer equipment, and military electronics sectors, with top net inflow stocks including China Northern Rare Earth, Victory Giant Technology, and Zhongji Innolight. News recap 1. Media reports suggest Trump will consider new plan to strike Iran, with potential targets likely including Iran's infrastructure. According to Reuters citing Axios, the US military will report the latest strike plan against Iran to President Trump today (April 30). The new plan prepared by the US Central Command is for a "rapid and forceful" strike against Iran, with potential targets likely including Iran's infrastructure. 2. The second batch of long-term special government bonds for equipment upgrade funds was disbursed today. Today, it was learned from the National Development and Reform Commission that the list and fund allocation of 91.5 billion yuan for the second batch of "two new" equipment upgrade projects in 2026 has been issued. Together with the previously allocated 93.6 billion yuan, a total of 185.1 billion yuan has been allocated for new equipment upgrade funds this year, accounting for 92% of the full-year 200 billion yuan. It is understood that the new batch of funds supports over 6700 projects in 16 areas including industry, energy and power, electronic information, transportation, logistics, etc. 3. Hainan: Will promote the formation of a space tourism platform and cultivate local aerospace tourism enterprises with unique characteristics. The "15th Five-Year Plan for Hainan International Tourism Consumption Center" has been publicly solicited for opinions. It mentions cultivating the main market of aerospace tourism. Promote the formation of a space tourism platform, support market entities to participate in the development, operation, and promotion of space tourism products, and cultivate local aerospace tourism enterprises with unique characteristics. Relying on the construction of Wenchang International Aerospace City, integrate resources such as rocket viewing carnivals, aerospace science centers, satellite super factories, and research and study bases to create a space tourism complex integrating aerospace exhibitions and science education. Future market analysis 1. China Aviation Securities: The impact of international geopolitical situations on the domestic capital market may be blunted, with the market focus gradually returning to fundamentals. Chief Economist of China Aviation Securities, Dong Zhongyun, stated that the impact of international geopolitical situations on the domestic capital market may be blunted, and the market focus will gradually return to fundamentals. Steady recovery of A-share performance is the most powerful support for Chinese assets at present. As supply and demand in the domestic market further balance, and price transmission becomes smoother, A-share company profits are expected to further recover. 2. Huatai Securities: Optical fiber cables have entered a historical boom cycle. The market believes that the rise in optical fiber prices will trigger large-scale expansion of enterprises, with limited effective new supply in the industry in the next 2 years, and the business cycle is expected to lengthen: 1. The expansion cycle of the optical rod is long, and after the industry experienced rational expansion following the previous wave of clearance, it is difficult for large-scale new capacity to be introduced in the short term; 2. High-end optical fiber is squeezing supply: mainstream manufacturers are tilting towards A1 communication and A2 products for drones, squeezing the supply of ordinary optical fibers. 3. China Securities Co., Ltd.: CPUs may face another round of price hikes in the second half of 2026. According to a research report from China Securities Co., Ltd., Taiwan media reports that due to the surge in demand for AI computing power, prices of AMD and Intel consumer-grade CPUs rose by 5%-10% in March, while server CPU prices increased by 10%-20%. This round of price increases is not a short-term fluctuation, as supply chain news indicates shortages will persist until 2027, with a potential new round of pricing adjustments in the third quarter of 2026. It is reported that in response to the cost pressure of transitioning to the 2nm process, AMD plans to raise server CPU prices twice in the second and third quarters of 2026, with an estimated cumulative increase of 16%-17%. Intel adjusted PCCPU prices in March and server CPU prices on April 1, driving up second-quarter gross profit margins. The market expects about 8%-10% price hike potential in the second half of the year. This article was reprinted from "Tencent Stock Selection", GMTEight Editor: Liu Jiayin.