A-shares midday review | Shanghai Composite Index fell 0.34% below 3600 points, recent hot concepts collectively retraced, computing power concept active against the trend

On July 25, the A-shares market experienced a morning shake-up with over 3000 stocks trading in the red. The total turnover in the first half of the day was 1.1 trillion, a decrease of nearly 9.5 billion compared to the previous trading day. By midday, the Shanghai Composite Index fell by 0.34%, the Shenzhen Component Index fell by 0.29%, and the ChiNext Index fell by 0.32%. In terms of market performance, the market was a bit chaotic with various hotspots. The AI application industry was booming with concepts like Huawei, Sora, and short video games rising, and stocks like Beijing ZZNode Technologies hitting the limit up. The medical device sector was strong, with Chongqing Zhengchuan Pharmaceutical Packaging hitting the limit up. The banking sector rebounded, with Bank of Ningbo rising by over 5%. The cultural and media sector also saw gains, with Hubei Radio & Television Information Network hitting the limit up. Additionally, concepts like logistics, education, agricultural chemicals, and breeding also performed well. On the downside, popular stocks like Yaxia Hydropower continued to decline, and sectors like liquor, building materials, diversified finance, and planting were among the top decliners. Looking ahead, Orient stated that the overall macroeconomic expectations are steady, the overall funding situation is ample, external conditions are improving marginally, and the market's structural activity is likely to continue. The pattern of the stock index shaking and climbing remains unchanged, and there is a possibility that the Shanghai Composite Index will challenge last year's high of 3674. Hot sectors: 1. Pharmaceutical stocks were strong: Companies like Contec Medical Systems and Chongqing Zhengchuan Pharmaceutical Packaging hit the limit up. 2. AI computing power concept was active: Companies like Beijing ZZNode Technologies and Hanwang Technology hit the limit up. Institutional opinions: 1. Shenwan Hongyuan Group: The necessary conditions for a bull market will gradually accumulate. 2. Industrial: The market is still in a phase of industry rotation intensity convergence and focus on main themes. 3. Dongguan Securities: Chinese asset valuations are expected to see further improvement. (Source: Tencent Stock Selection, GMTEight Editor: Wang Qiujia)