Midday Report: Shanghai Composite Index rebounds by 0.48% in the morning, with the new consumer and innovative pharmaceutical concepts collectively strengthening.

The three major indexes rebounded collectively in the morning, with the Shanghai Composite Index up 0.48%, the Shenzhen Component Index up 0.35%, the ChiNext Index up 0.73%, and the CSI 50 Index up 0.13% by midday. The total trading volume in the entire market was 763.9 billion yuan in the morning session, a decrease of 7.7 billion yuan compared to the previous day. Over 3400 individual stocks rose. Leading sectors included precious metals, football concepts, gaming, banks, and innovative pharmaceuticals, while steel and automobile sectors saw the biggest declines. On the market, the gold concept led gains, with Western Gold and Mancalun hitting the daily limit up. The innovative pharmaceutical sector remained active, with Wanbangde, Qianhong Pharmaceutical, Hainan Pharm, and Lianhua Technology hitting the daily limit up, while Shutai Shen rose more than 15%. The new consumer concept was active again during the session, with Ruoyuchen hitting the daily limit up, Wan Chen Group rising more than 10%, and achieving new historical highs, while Lehui International, Youyou Food, and Shunhao Shares hit the limit up. Bank stocks led the gains, with Shanghai Rural Commercial Bank hitting the daily limit up, Chongqing Rural Commercial Bank, and Industrial Bank rising more than 5%. Stablecoin concept was strong, with Hengbao Stock, Yuyin Stock, and Cuiwei Stock all hitting the daily limit up. Automobile stocks fell, with Jianghuai Automobile and SAIC Group down more than 5%, and controllable nuclear fusion concept adjusting, with Wangzi New Materials approaching the limit down, and Xueman Stock and Rongfa Nuclear Power down more than 5%.