Midday Report: Shanghai Composite Index rebounds, up 0.48% for the first half of the day. New consumption and innovative pharmaceutical concepts are collectively showing strength.

The three major indices rebounded in the morning session, with the Shanghai Composite Index up 0.48%, the Shenzhen Component Index up 0.35%, the ChiNext Index up 0.73%, and the BeiZheng 50 Index up 0.13% by the midday break. The total turnover of the whole market was 763.9 billion yuan in the morning session, down 7.7 billion yuan from the previous day. Over 3400 stocks rose in the entire market. In terms of sectors, precious metals, football concepts, gaming, banking, and innovative pharmaceutical sectors led the gains, while the steel and automobile sectors experienced the biggest declines. On the market, the gold concept led the gains, with Western Gold, Mankalon hitting the limit up. The innovative pharmaceutical sector remained active, with Wanbangde, Qianhong Pharmaceutical, Hainan Haiyao, Lianhua Technology hitting the limit up, and Shutaishen up more than 15%. The new consumer concept was once again active, with Ruoyuchen hitting the limit up, Wancheng Group up more than 10%, both hitting historical highs, and Lehui International, Youyou Food, and Shunhao Stock hitting the limit up. Banking stocks led the gains, with Shanghai Rural Commercial Bank hitting the limit up, Chongqing Rural Commercial Bank and Industrial Bank up more than 5%. Stablecoin concepts were strong, with Hengbao shares, Yuyin shares, and Cuiwei shares hitting the limit up. Automobile stocks fell, with Jianghuai Automobile and SAIC Group down more than 5%, and controllable nuclear fusion concepts adjusted, with Wangzi New Materials approaching the limit down, and Xueren shares and Rongfa Nuclear Power down more than 5%.