A-share midday review | Market index fluctuates weakly Hainan local stocks fluctuate rebound Precious metal sector rises

On December 10, the index fluctuated in the morning session, with all three major indexes collectively falling. Over 3800 stocks were in the red, with a half-day turnover of 1.1 trillion, down 118.4 billion from the previous day. By the midday closing, the Shanghai Composite Index fell by 0.72%, the Shenzhen Component Index fell by 0.56%, and the ChiNext Index fell by 1.23%. In terms of the market, the retail sector continued to show strength with Fujian Dongbai rising for 4 consecutive sessions, Yonghui Superstores, and Xinjiang Winka Times Department Store hitting limit up. The Hainan free trade zone concept bounced back with Hainan Ruize New Building Material and Luoniushan Co., Ltd. hitting limit up. The film and television sector also rose, with Bona Film Group hitting limit up for three consecutive sessions. The precious metals sector rose, with Beijing Xiaocheng Technology Stock leading the gains. On individual stocks, Moore Thread surged in intraday trading, breaking through the high of 688 yuan on the first day of listing, with a total market value exceeding 320 billion yuan. In terms of declines, AI, consumer electronics, and photovoltaic equipment sectors led the losses. Looking ahead, Orient believes that the market is still in a period of adjustment, with structural market trends dominating. With investors becoming more cautious towards the year-end, the short-term momentum of the stock index is weak. However, the long-term positive logic remains unchanged. Popular Sectors: 1. Retail sector continued to show strength. 2. Hainan sector continued to rise. 3. Precious metals sector rose. Institutional Views: 1. BOC International: "Spring Frenzy" preheated market is expected to start early. 2. Cinda: December may become a window for the layout of the year-end market. 3. Orient: Market remains focused on consolidation, but the long-term positive logic remains unchanged.