A-share midday review | Both internal and external show "Double Sleemon Healthy Sleep Technology"! A-shares rose above 4000 points again, with the ChiNext Index rising 2.66% in the first half of the day.

On April 16th, A-shares fluctuated and rebounded, with the ChiNext Index rising by over 2%, once again hitting a ten-year high. Weighted stock Contemporary Amperex Technology surpassed PetroChina and Industrial and Commercial Bank of China during trading hours to become the second largest A-share market capitalization. By the midday close, the Shanghai Composite Index rose by 0.53%, the Shenzhen Component Index rose by 1.69%, and the ChiNext Index rose by 2.66%. The total turnover of the Shanghai and Shenzhen markets in the morning session was 1.46 trillion RMB, a decrease of 122.2 billion RMB from the previous trading day. According to a market analysis, this market trend is a resonance between the "cooling of external risks" and the "exceeding of internal data expectations". On one hand, there has been substantial easing of the situation in the Middle East: the US and Iran are close to reaching a framework agreement to end the conflict, and the efficiency of navigation in the Hormuz Strait has been restored. This directly led to a drop in international oil prices, a significant decrease in global risk aversion, and the NASDAQ hitting consecutive all-time highs overnight. On the other hand, macroeconomic data for the first quarter released at 10 a.m. today has exceeded expectations, serving as the core drive behind the morning's strength. The first quarter GDP grew by 5.0% year-on-year, achieving a good start; in addition, the housing prices for 70 cities in March were released, with 14 cities seeing a month-on-month increase, with Shanghai and Guangzhou leading with a 0.3% increase. In terms of market performance, the concepts of computing power leasing and cloud computing saw a significant rebound, with multiple stocks hitting limit up; the battery industry chain saw a collective surge, with stocks like Jiangsu Lopal Tech. Group and Shandong Sacred Sun Power Sources hitting limit up; film and media, short content, and AI application concepts were active, with stocks like Huayi Brothers Media Corporation and Super Telecom hitting limit up; the non-ferrous metal sector saw a fluctuating increase, with stocks like China Tungsten and Hightech Materials hitting limit up; other sectors like synthetic fibers, dyes, power equipment, synthetic diamonds, lithium resources, and Siasun Robot & Automation also saw upward movement. In terms of declines, the pharmaceutical sector saw a correction, with stocks like Shenzhen Salubris Pharmaceuticals hitting a trading limit; the oil and gas industry chain continued to decline, with Shanxi Meineng Clean Energy Corp., Ltd. leading the losses; the pork sector saw adjustments, with Tech-bank Food plummeting; the science and technology innovation board, port and shipping, banking, real estate, and consumer goods concepts performed relatively weak. Looking ahead, Guotai Haitong Securities stated that the development logic of the snack industry is being restructured, with snacks catering to mainstream demands for "cost-effectiveness" and "emotional consumption", and the development logic is being reshaped by the dual empowerment of supply and demand in the snack track.