A-share midday review | Index fluctuates and falls, lithium battery sector collectively adjusts, internet e-commerce goes strong against the trend.

On November 18th, the three major indexes continued to fluctuate and adjust. By the midday close, the Shanghai Composite Index fell by 0.56%, the Shenzhen Component Index fell by 0.43%, the ChiNext Index fell by 0.43%, and the Sci-Tech Innovation 50 Index rose by 0.93%. Most individual stocks in the two markets fell more than they rose, with over 4000 stocks falling. In terms of market performance, most thematic concepts declined. AI applications continued to rise, with companies like Shunya International Martech and Beijing Yuanlong Yato Culture Dissemination leading the gains. Semiconductors and lithography concepts also rose, with companies like Shenzhen Dawei Innovation Technology seeing gains. Huawei-related concepts like Huawei Panggu, Ascend, HiSilicon, and Hongmeng also performed strongly. Some stocks related to computing power were active, with Beijing Teamsun Technology hitting its limit up. Brokerage stocks surged at one point, with sectors like Quantum Technology, Gu Zi Economy, Virtual Reality, and Hainan seeing gains during the trading session. On the downside, coal and steel sectors led the market lower. Companies like Shanxi Antai Group hit their limit down. Lithium battery, lithium resources, and electrolyte sectors collectively adjusted downwards, with companies like Shida Shinghwa Advanced Material Group and Shandong Fengyuan Chemical hitting their limit down. Local stocks in Fujian all fell, with companies like Fujian Dongbai hitting their limit down. Previously surging military stocks also turned red, with North Long Dragon New Materials Tech falling by over 10%. Sectors like port shipping, photovoltaics, retail, and gold all weakened. Looking ahead, BOC International stated that the market may continue to fluctuate around 4000 points in the short term, with no clear direction for now. The Federal Reserve's rate-cutting process is currently in a "highly uncertain" state. They recommend focusing on AI and power sectors that still have potential for investment. Popular sectors: 1. Strong performance in the Internet e-commerce sector, with companies like Shanghai Lily&Beauty Cosmetics and others showing gains. 2. Continued strength in AI applications, with companies like Fujian Rongji Software and others performing well. Institutional viewpoints: 1. BOC International: It may be difficult for the market to break through in the short term, with the consumer sector showing signs of recovery. 2. Huaxi: A-shares are primarily driven by existing stocks and focus on energy storage and domestic substitution directions. 3. Guotou Securities: Historical indicators suggest that the A-share technology style may return early next year.