A-share Midday Report: Chinext index rose 1.26% half-day after rising to a high, with hot sectors such as semiconductors and communications leading the gains in the TMT sector.

In the morning session, the three major A-share indexes collectively rose. By midday, the Shanghai Composite Index rose by 0.07%, the Shenzhen Component Index rose by 0.56%, and the ChiNext Index rose by 1.26%. However, the CSI 50 Index fell by 1.33%. The total turnover in Shanghai, Shenzhen and Beijing reached 1.8082 trillion yuan in the first half of the day, an increase of 61.9 billion yuan from the previous day. More than 1200 individual stocks in the market rose. In terms of sector performance, the lithography, semiconductor, CPO, and satellite communication sectors led the gains, while the agriculture, innovative pharmaceuticals, cross-border e-commerce, and education sectors saw declines. In terms of specific stocks, the lithography concept stocks collectively rose, with Zhangjiang Hi-Tech and Kemet up by the daily limit. The semiconductor sector rose during the session, with Semiconductor Manufacturing International Corporation rising over 10% to a historical high, while Fudan Microelectronics, Ruixin Micro, and Lanqi Technology also performed well. The satellite communication sector was active, with companies such as Inspur Info, Star Network Yuda, and Sanwei Communication all hitting the daily limit. On the other hand, stocks in the innovative pharmaceutical sector continued to adjust, with companies like South New Pharmaceutical falling by over 10%, and Medics Inc, Shu Tai Shen, and Zhaoyan New Medicine leading the declines. The agriculture sector also performed poorly, with Top Cloud Agriculture, Pingtan Development, and Wanxiang Denong all declining.