A-share midday review | The index fluctuates and strengthens, the lithium sector rises, and the concept of liquid-cooled servers strengthens.

On December 17, the A-share market opened strong in the morning, with all three major indexes rising collectively. Over 3700 stocks fell, with a total turnover of 1 trillion by midday, down 98.7 billion from the previous trading day. By the midday closing, the Shanghai Composite Index rose by 0.17%, the Shenzhen Component Index rose by 0.83%, and the ChiNext Index rose by 1.21%. On the market, the rotation of hot spots was fast, with the lithium concept strong, and stocks like Jinyuan EP Co., Ltd. and Chengxin Lithium Group hitting the limit up. The electrolyte concept fluctuated and rebounded, with Tonze New Energy Technology hitting the limit up. The computing power hardware concept was active, with Universal Scientific Industrial (Shanghai) Co., hitting the limit up. Retail and dairy concepts explored the bottom and rebounded, with stocks like Lanzhou Zhuangyuan Pasture and Liqun Commercial Group performing well. In terms of individual stocks, Muxi shares rose by over 700% at one point during the day, breaking through the 800 yuan mark. On the downside, sectors such as Hainan and defense industry led the declines. Looking ahead, Galaxy Securities believes that in the short term, as the year end approaches, the market's volatile structure may continue, with a fast rotation in the market. It is important to focus on the opportunities for policy dividends and economic trends next year. Popular sectors: 1. Strong performance in the liquid-cooled server concept, with stocks like Feilong Auto Components and Shenzhen Envicool Technology hitting the limit up. 2. Rise in energy metals, with stocks like Shengxin Lithium, Tianqi Lithium Corporation, YOUNGY Co., Ltd., and Ganfeng Lithium Group leading the gains. 3. Active AI medical concept, with Meinian Onehealth Healthcare Holdings leading the gains, and stocks like Anhui Huaren Health Pharmaceutical, Winning Health Technology Group, Dian Diagnostics Group, and B-Soft Co., Ltd., following suit. Institutional Views: 1. Cinda Securities: The switch in investment style may become stronger, focusing on low-value sectors. 2. Galaxy Securities: The market's volatile structure may continue towards the end of the year, with a focus on policy dividends and economic trends next year. 3. CMSC: Investment opportunities next year will revolve around domestic demand recovery and technological self-reliance, with cyclical styles expected to continue to dominate.