Midday Report: Shenzhen Component Index opened lower and rose throughout the morning, up 0.73% at midday. Stocks related to aquaculture, gaming, and Huawei led the gains.
In the morning session, the three major indexes showed mixed movements. By midday, the Shanghai Composite Index rose by 0.11%, the Shenzhen Component Index rose by 0.73%, and the ChiNext Index rose by 0.21%. However, the CSI 50 Index fell by 0.66%. The total trading volume in Shanghai, Shenzhen, and Hong Kong in the morning session was RMB 1.6994 trillion, which was RMB 0.4026 trillion less than the previous day.
Over 3,300 stocks in the market rose. In terms of sectors, gaming, pork, Huawei software, and pesticide sectors performed well, while rare earth permanent magnet, innovative medicine, banking, semiconductor, and robotics sectors experienced declines. In terms of specific stocks, the gaming sector saw collective gains, with Sanqi Interactive Entertainment hitting the daily limit, and Glacier Network and Kaiying Network following suit. Pork stocks surged, with Muyuan Food nearing the daily limit and Aonong Biotech hitting the limit. Huawei software stocks were strong, with Zheng Yuan Smart and Tuowei Information hitting the daily limit, and Changshan North Ming and Runhe Software leading in terms of gains. The rare earth permanent magnet sector experienced fluctuations, with Baotou Iron and Steel, Northern Rare Earth, and China Rare Earth falling by more than 5%. The semiconductor sector simultaneously declined, with Xinyuan Technology, Higreen Information, and Chengdu Huawei leading the losses.
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