A-share midday review: All three major indexes turned red collectively, with the Shanghai Composite Index rising 0.24% in the first half of the day! Technology stocks are being hotly traded.

On December 24th, in the morning session, the three major indexes oscillated narrowly, momentarily turning green collectively before rising again and turning red. The differentiation between the Huang and Bai lines intensified, with small and medium-sized stocks showing strong performance. By midday, the Shanghai Composite Index rose by 0.24%, the Shenzhen Component Index rose by 0.31%, and the ChiNext Index rose by 0.08%. The combined turnover of the Shanghai and Shenzhen markets in the morning session was 1.15 trillion yuan, a decrease of 89.5 billion yuan from the previous trading day. In terms of sectors, the commercial aerospace concept continued to strengthen, with nearly 20 component stocks hitting the limit up. The Fujian sector strengthened again, with Anji Foodstuff hitting the limit up for 4 days, Xiamen Hexing Packaging Printing rising for 3 consecutive days. The semiconductor sector was active, with Acter Technology Integration Group rising for 3 consecutive days. On the downside, the precious metals concept opened high and fell low, with Shanjin International Gold and Western Region Gold declining. The dairy industry concept saw a pullback, with Lanzhou Zhuangyuan Pasture hitting the limit down. EB Securities pointed out that the index level continued to oscillate within a range, with market hotspots rotating continuously, lacking sustained main themes. It is not ruled out that there may still be a possibility of significant fluctuations in the future, but the year-end market trend is still promising. Popular sectors: 1. Commercial aerospace continued to rise The commercial aerospace concept continued to rise during trading hours, with Jiangsu Zhongchao Holding hitting the limit up. Previously, Anhui Shenjian New Materials rose for 5 consecutive days, Beijing Relpow Technology, Shandong Longji Machinery, Chongqing Zaisheng Technology Corp., and others hit the limit up. 2. Semiconductor sector continued to be strong Semiconductor equipment stocks continued to be strong, with the clean room direction leading the way. Acter Technology Integration Group rose for 3 consecutive days, reaching historic highs. L&K Engineering, Both Engineering Technology, Shenzhen Original Advanced Compounds, and MayAir Technology followed suit. 3. Strong performance of local stocks in Fujian Local stocks in Fujian continued to strengthen, with Fujian Sanmu Group and Fujian Dongbai hitting the limit up. Previously, Anji Foodstuff, Xiamen Hexing Packaging Printing, Xin Hee Co., Ltd., and Antong Holdings hit the limit up, with Xiamen ITG Group Corp., Ltd., Xiamen XGMA Machinery, Xiamen Sunrise Group, and Fujian Start Group following suit. 4. Liquid-cooled server concept active again The liquid-cooled server concept strengthened again in the morning session, with Sanhe Tongfei Refrigeration rising by over 10%, reaching historic highs. Previously, Guangzhou Jointas Chemical rose for 2 consecutive days, with Shenzhen Honor Electronic, Jiangsu Gian Technology, Wuxi Hongsheng Heat Exchanger Manufacturing, Guangdong Suqun New Material, and Foxconn Industrial Internet leading the way. Institutional views: 1. CITIC SEC: Focus on the gaming sectors under rapid theme rotation CITIC SEC pointed out that market sentiment tends towards a game of existing funds, accelerating theme rotation. From the perspective of catalytic factors and timing, the successful progress of domestic GPU companies in their IPOs and the enthusiasm for themes such as domestic advanced processes, Google's computing power chain, humanoid robots, autonomous driving, and commercial aerospace are expected to erupt. Combining market environment, catalytic factors, and comprehensive quantitative indicators, it is recommended to focus on the above five major thematic directions. 2. EB SECURITIES: It is not ruled out that there may still be a possibility of significant fluctuations in the future, but the year-end market trend is still promising The index level continues to oscillate within a range, with market hotspots rotating continuously, lacking sustained main themes. It is not ruled out that there may still be a possibility of significant fluctuations in the future, but the year-end market trend is still promising. In terms of operations, short-term outlook should still be viewed with a fluctuation perspective, maintaining a balanced account configuration, focusing on undervalued sectors with policy expectations such as consumption, as well as technology sectors with cost-effectiveness. 3. China Galaxy: Focus on year-end slight movements in a buildup of momentum In the short term, influenced by the stage of year-end liquidity tightening, repeated expectations of overseas monetary policy, and slow recovery of domestic fundamentals, the market may continue its oscillatory structural trend, with rapid sector rotation. As 2026 approaches, A-share market enters a key window for year-end layout, focusing on the slight movement market before and after New Year's Day. As 2026 marks the beginning of the "14th Five-Year Plan", the rhythm of policy dividends release is expected to be relatively early, and structural opportunities will concentrate on the race track where policy guidance and industry prosperity resonate. The upcoming spring market movement is worth looking forward to. This article is reproduced from "Tencent Select Stocks", GMTEight editor: Wang Qiujia.