Midday Report: ChiNext Index surged nearly 4% in half a day, reaching above 4200 points.
The three major indexes of A-shares collectively rose in the early session. As of midday, the Shanghai Composite Index rose by 0.56%, the Shenzhen Component Index rose by 2.31%, the ChiNext Index rose by 3.97%, the BeiGene 50 Index rose by 1.12%, and the Kechuang 50 Index rose by 4.78%. The total market turnover was 1.9 trillion yuan, an increase of 79.9 billion yuan from the previous day, with over 3,400 stocks falling in the entire market.
In terms of sector themes, the nurturing of diamonds, optical fiber concepts, CPO, semiconductor, and copper cable high-speed connection sectors led the gains, while the film and television chains, liquor, poultry farming, real estate, and retail sectors were among the top decliners. In the market, the optical fiber concept sector continued to show strong performance with Longxing Optical Fiber, Hengtong Optic-Electric, Source Photonics, and Tianfutong Communication leading the gains. The diamond cultivar sector opened low but rose, with Huafeng Diamonds rising by more than 12% and Power Diamonds, Boyun New Materials, and Si Fangda following suit.
The semiconductor sector was active, with Tongfu Microelectronics, Liang Micro, Kangqiang Electronics, and others hitting limits up, and East Microsemi, Lianqi Technology, and Juguang Technology rising by over 10%. The film and television chains sector opened lower and fell, with Beijing Culture hitting the limit down, Zhongguo Tianze touching the limit down during the session, and Bona Film, Huace Century, and Bona Film following suit. The poultry farming sector opened low and went lower, with Xiaoming shares falling by over 6%, and Xiangjia shares, Shengnong Development, and Minhe shares all falling.
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