Midday Review: Shanghai Composite Index up 0.37% at noon, with innovative drugs and the commercial space industry chain rising collectively.

In the morning session, the three major indexes of A shares showed mixed movements. By midday, the Shanghai Composite Index was up by 0.37%, the Shenzhen Component Index was down by 0.25%, the ChiNext Index dropped by 0.23%, and the SSE 50 Index increased by 0.81%. The total turnover of the market was 1.5936 trillion yuan, with a volume increase of 85.6 billion yuan compared to the previous day, and over 2500 stocks rose across the entire market. In terms of sector themes, stocks related to new technology and innovation, tourism and hotels, electric power equipment, gaming, pharmaceutical innovation, commercial space, flexible screens, CPO, and quantum technology concepts led the gains. On the other hand, sectors like energy metals, oil and gas exploration and services, real estate, batteries, movie theaters, gas, and fertilizers faced declines. On the stock market, A-share indexes opened higher in the morning, with the ChiNext Index hitting a nearly 11-year high before shaking and falling back. The issuance of the "Opinions on Improving the Drug Pricing Mechanism" by the State Council's Office pushed up the shares of pharmaceutical innovation companies, with companies like Ruijia Medicine and Haizheng Pharmaceutical hitting their daily limit increases. The booming cycle of light communication led to repeated activities in the CPO concept stocks, with Huashengchang achieving three consecutive limit-up movements, while Jianqiao Technology and Yuanjie Technology led the gains. The tourism market has already entered a pre-heating phase for the upcoming May 1st holiday, with stocks related to tourism seeing an increase, such as Lijiang Tourism hitting its daily limit increase. Additionally, sectors like semiconductors, commercial space, and gaming saw rotation during the trading session. On the other hand, the previously strong battery industry chain underwent a volatile adjustment, with companies like Hiking New Source plummeting by over 10%, and Huasheng Lithium Battery and Tianji shares leading the declines. Oil and gas resources, gas, and chemical fertilizers followed the drop in international oil prices, with companies like Meineng Energy and InterOil Gas all falling.