A-share Midday Review | Contemporary Amperex Technology's Market Cap Surges to 2 Trillion! Sci-Tech Innovation 50 Index Rises Nearly 1% in Half a Day, Can A-share Market Expect Independent Trends?

On April 13th, the market opened with mixed trends, with the Shanghai Composite Index fluctuating narrowly and the ChiNext Index and the STAR 50 Index rising by over 1% in midday trading. By midday closing, the Shanghai Composite Index fell by 0.17%, the Shenzhen Component Index rose by 0.19%, the ChiNext Index rose by 0.39%, and the STAR 50 Index rose by 0.91%. The total turnover of the Shanghai and Shenzhen markets was 1.4 trillion, a decrease of 98.4 billion from the previous trading day. Huajin Securities stated that currently, A shares may have bottomed out in the short term, continuing a trend of bottoming out with a bias towards strength. Donghai Securities stated that under the backdrop of high oil prices, overseas demand may be affected, but the premium of the integrity of the domestic manufacturing supply chain may increase. It is recommended to focus on domestic autonomous technologies (such as computing power under security assurance, new energy, etc.), service consumption (such as domestic tourism), and innovative pharmaceuticals (such as AI applications, BD transactions, etc.). On the market front, stocks related to computing power hardware such as PCB, liquid cooling, and optical modules collectively rose, with multiple stocks such as Raisecom Technology, Grace Fabric Technology, and TKD Science and Technology hitting limit up. The battery industry chain involving solid-state batteries, lithium resources, and lithium batteries was active, with Contemporary Amperex Technology hitting a historical high, and A+H shares exceeding a market value of 2 trillion. Stocks related to computing power leasing fluctuated higher, with NET263 Ltd. and RunJian Co. Ltd. hitting limit up. New energy sectors such as photovoltaics, energy storage, green electricity, and wind power showed strength. Pork and farming sectors rebounded, with Tech-bank Food and Henan Huaying Agricultural Development hitting limit up. Additionally, local industries in Fujian, commercial aerospace, rare earths, and other sectors showed some performance. On the downside, stocks related to gaming collectively adjusted, with Shenzhen Bingchuan Network and Kingnet Network hitting limit down or falling by over 10%. Stocks related to innovative drugs, traditional Chinese medicine, and CRO fluctuated lower, with Guizhou Yibai Pharmaceutical and Ginwa Enterprise Group Inc. falling by over 7%. Fiber optic concepts continued to adjust, with Jiangsu Fasten hitting limit down. Port and shipping sectors fell, with Nanjing Tanker Corporation falling by over 5%. Most stocks in the agrochemical and chemical industries fell, with Yingde Greatchem Chemicals falling by over 10%. The power equipment sector showed weakness, with Xj Electric Co., Ltd. approaching limit down. Additionally, sectors such as precious metals, liquor, and media did not perform well. Hot sectors: 1. Battery industry chain repeatedly active Solid-state batteries, lithium resources, and lithium batteries were repeatedly active, with Contemporary Amperex Technology hitting a historical high, and A+H shares exceeding a market value of 2 trillion. Tibet Urban Development And Investment and Suzhou Douson Drilling & Production Equipment hit limit up. Commentary: According to the latest research information from Morgan Stanley, the lithium market is expected to officially enter a supply shortage phase in the second half of 2026. This is not simply a cyclical fluctuation but a structural reversal driven by "hard constraints" on the supply side and a surge in energy storage demand. 2. Computing power hardware stocks collectively rising PCB, liquid cooling, optical module stocks related to computing power hardware collectively rose, with Raisecom Technology, Grace Fabric Technology, and TKD Science and Technology hitting limit up. Commentary: According to a report from Changjiang on April 9th, the price of electronic cloths continued to rise. Prices of electronic yarns and electronic cloths further increased this week. Under tight supply and demand, inventories of electronic cloth factories and downstream copper-clad laminate factories reached historical lows, with full orders for downstream copper-clad laminate, strong price foundations for price increases, and a continued optimistic outlook for the explosion in demand for electronic cloths due to the super cycle of demand bursting and production capacity squeeze. 3. Pig industry concept rebound Pork and farming sectors rebounded, with Tech-bank Food and Henan Huaying Agricultural Development hitting limit up. Commentary: Shenwan Hongyuan Group Securities pointed out that the pig farming industry is in a dark moment, with pig prices hitting new lows, losses intensifying in the peak season of piglet farming, and the acceleration of capacity depletion starting to become evident. Expectations for a cycle reversal are steadily solidifying. 4. Computing power leasing concept fluctuating higher Computing power leasing concept fluctuating higher, with NET263 Ltd. and RunJian Co., Ltd. hitting limit up. Commentary: In terms of news, Alibaba Cloud announced the adjustment of the free API quota for standard and professional users and support for pay-as-you-go starting from April 14, 2026, to be fully effective by April 23.