A shares midday report | Shanghai index rose 0.12% in half a day, chip industry rising, medical equipment concept strong.

On August 7th, the A-shares market started off exploring the bottom and rebounded. By the midday close, the Shanghai Composite Index rose by 0.12%, the Shenzhen Component Index fell by 0.13%, and the ChiNext Index fell by 0.52%. CMSC believes that in the first half of August, after a significant market rally, the market entered the month of earnings disclosure. Overall, the performance of listed companies is mixed, with some theme concept stocks with significant increases facing adjustment pressure before earnings disclosure. After the earnings disclosure in the latter half of August, the market will enter a period of earnings vacuum. In early August, concerns about escalating China-US trade tensions may persist, but by around August 12th, with the landing of a new round of tariff events and the approaching National Day parade and the Fourth Plenary Session of the 19th CPC Central Committee, risk appetite is expected to recover. In terms of market performance, there was a rise in the semiconductor sector, with multiple stocks hitting the upper limit, such as Fine Made Microelectronics Group; strength in the medical equipment sector, with multiple stocks hitting the upper limit like Sino Medical Sciences Technology Inc.; active performance in the consumer sector, leading in beverages and food; growth in the IP economy concept, with Jinhong Fashion Group hitting the upper limit; Apple concept and consumer electronics sector rising before falling back, with Risuntek Inc hitting the upper limit. On the downside, concepts such as steel, coal, photovoltaics, and non-ferrous metals leading the decline, while the military industry chain experienced a pullback, and sectors like education, insurance, gaming, and traditional Chinese medicine were among those with the largest declines. In individual stock focus, the stock Perfect Group Corp.,Ltd, which had risen for five consecutive days, plummeted during trading and experienced a "limit down" at one point. Yesterday, Perfect Group Corp.,Ltd released a statement on abnormal stock price fluctuations, stating that after self-inspection, the company's production and operation situation is normal, and there have been no significant changes in internal or external operating environments. The internal production and operation order is normal, and there is no significant issue affecting the abnormal fluctuations in the company's stock price, nor are there any significant undisclosed information. Looking ahead, Galaxy Securities believes that the market is expected to remain in a state of volatile high consolidation, focusing on structural opportunities.