A-share midday report: The Shanghai Composite Index rose by 0.29% in the morning, with hot topics continuing to be active. The commercial aerospace sector sparked another wave of limit-up trading.

On December 25th, the morning market trend was mixed, with the three major indices showing different movements. The Shanghai Composite Index fluctuated and rose, while the Growth Enterprise Board Index rose and then fell back. By midday, the Shanghai Composite Index was up 0.29%, the Shenzhen Component Index was down 0.11%, and the Growth Enterprise Board Index was down 0.37%. Over 3200 stocks have risen in the city, with a trading volume of 1.2 trillion yuan in the first half of the day, compared to 50.6 billion yuan in trading volume from the previous day. On the market, hot topics were active, with the commercial aerospace sector leading the way with nearly 20 stocks hitting the limit up. The paper industry also saw a surge, with Shandong Bohui Paper Industry, Yibin Paper Industry, and Wuzhou Special Paper Group all hitting the limit up. The insurance sector was strong and fluctuating, with the 400 billion market cap giant China Pacific Insurance rising over 3% to reach a historical high. The nuclear fusion sector also saw strong movements, with companies such as Siasun Robot & Automation and PEEK materials performing well. Additionally, sectors like the Belt and Road Initiative, storage chips, retail, and 6G also showed positive performance. On the downside, the precious metals sector saw the biggest decline, with Hootech Inc. falling by over 8%. The Hainan Free Trade Zone concept also declined, while the lithium mining stocks showed weaker trends. Parts of the semiconductor chip industry chain also experienced a pullback, with companies like Suzhou Douson Drilling & Production Equipment falling by over 7% and Verisilicon Microelectronics (Shanghai) Co., Ltd. falling by nearly 7%. The light module concept also declined. In terms of individual stocks, Senton Energy hit the limit up for the tenth consecutive day. Orient Securities pointed out that the market's rebound is expected to continue at the end of the year. Looking at the current leading sectors, it is clear that the technology sector, especially aerospace themes, are attracting a lot of funds. It is foreseeable that next year, technology themes will remain the dominant investment focus. Popular sectors: 1. Commercial aerospace sees another surge in limit-up stocks. 2. Siasun Robot & Automation concept is active. 3. Paper industry experiences a surge. 4. Financial stocks are strong. Institutional viewpoints: 1. Huaxi: Learn from history, market heights may depend on the degree of market acceptance of new narratives. 2. Orient: The market's year-end rebound will continue, with technology remaining the main investment focus next year. 3. Galaxy Securities: The following spring market frenzy is worth looking forward to, short-term focus on defensive sectors for investment opportunities.