A-share midday trading | Shanghai index hits bottom and rebounds to rise by 0.23% Non-ferrous metals and innovative drug concepts rise, power sector fluctuates and falls.

On March 30th, the escalation of the Iran war triggered risk aversion sentiment, causing the A-share market to adjust chaotically in the morning. As the noon approached, the Shanghai Composite Index turned red first, while the Shenzhen Component Index and the ChiNext Index both narrowed their losses. By the noon close, the Shanghai Composite Index rose by 0.23%, the Shenzhen Component Index fell by 0.12%, and the ChiNext Index dropped by 0.50%. The total trading volume in Shanghai and Shenzhen markets in the morning session reached 1.32 trillion yuan, up by 180.3 billion yuan compared to the previous trading day. In terms of the market, the non-ferrous metals sector collectively strengthened, with aluminum smelting and precious metals leading the gains. Stocks like Fujian Minfa Aluminium Inc., Tianshan Aluminum Group, and YeChiu Metal Recycling all hit the limit up. The pharmaceutical innovation concept surged, with Jiangsu Lianhuan Pharmaceutical and Beijing Sl Pharmaceutical hitting the limit up. The agricultural stocks showed strength against the trend, with Xinjiang Talimu Agriculture Development, Zhongfu Straits, and Heilongjiang Agriculture hitting the limit up. The computing power leasing sector rebounded, with stocks like Guizhou BC&TV Information Network and INESA Intelligent Tech Inc. hitting the limit up. The chemical stocks were active again, with stocks like Lihuayi Weiyuan Chemical and Liuzhou Chemical Industry hitting the limit up. The commercial aerospace concept continued to rise, with stocks like Shaanxi Aerospace Power Hi-tech and Anhui Shenjian New Materials hitting the limit up. Additionally, local stocks from Fujian and optical fiber cable sectors also performed well. On the downside, the power sector fluctuated downwards, with stocks like Jinneng Holding Shanxi Electric Power and Huadian Liaoning Energy Development seeing widespread falls. The photovoltaic sector continued to decline, with Suzhou Maxwell Technologies falling by over 10%. The power grid equipment concept weakened, with stocks like Acrel Co., Ltd. and Shandong University Electric Power Technology falling by over 7%. The oil and gas sector saw substantial declines, with Shanxi Guoxin Energy Corporation approaching the limit down. The coal sector opened high but closed low, with stocks like Huadian Energy and Liaoning Energy Industry hitting the limit down. The consumer electronics sector showed weak performance, with HONGXI TECHNOLOGY falling by nearly 7%. Insurance stocks also weakened, with New China Life Insurance leading the declines. Furthermore, the tourism and hotel, real estate, and port shipping sectors all performed poorly. In terms of the outlook, China Securities Co., Ltd. stated that the A-share market correction is relatively sufficient, and investors can wait for long signals and opportunities to position themselves. Shenwan Hongyuan Group also believes that the A-share market is still in a medium-to-long-term upward cycle. Despite the disruptions in earnings accumulation, it is just an extended period of consolidation after the "first stage of the rise", and there is a high probability of a "second stage of the rise". Popular Sectors: 1. The agriculture sector showed strength against the trend, with stocks like Xinjiang Talimu Agriculture Development, Zhongfu Straits, and Heilongjiang Agriculture hitting the limit up. 2. The pharmaceutical sector was active, with stocks like Ningbo Menovo Pharmaceutical hitting a series of limit up. 3. The non-ferrous metals and aluminum sector collectively strengthened, with stocks like Fujian Minfa Aluminium Inc., Jiang Su Alcha Aluminium Group, and Tianshan Aluminum Group hitting the limit up. 4. The power sector saw a significant decline, with stocks like Huadian Energy and Jinneng Holding Shanxi Electric Power hitting the limit down. Institutional Views: - Huatai Securities: Seek Certainty in a Weak Balance - China Securities Co., Ltd.: Focus on the Middle East Changes, Grasp Chinese Advantageous Assets - Shenwan Hongyuan Group: Revisits the Stability of the Chinese Capital Market This article is from "Tencent Select Stocks", GMTEight editor: Wang Qiujia.