A-share market midday review | ChiNext index rose nearly 4%, reaching 4200 points for the first time in history! How far can the new round of technology "group hugging" market go?

June 3, the three major A-share indices rose collectively. By midday close, the Shanghai Composite Index rose by 0.56%, the Shenzhen Component Index rose by 2.31%, and the Growth Enterprise Board Index rose by 3.97%. The turnover of the Shanghai and Shenzhen markets in the first half of the day was 1.89 trillion yuan, an increase of 78.9 billion yuan from the previous trading day. Over 3400 stocks in the market fell. On the market, the hot spots quickly rotated, with the market moving toward the light. The CPO concept continued to show strength, with Suzhou TFC Optical Communication rising by over 10%, Yuanjie Semiconductor Technology rising by over 15%, hitting a historical high, Shenzhen Everbest Machinery Industry rising for the second consecutive day, and Cig Shanghai and Fujian Qingshan Paper Industry hitting the limit up. The fiber optic concept continued to show strength, with Hengtong Optic-Electric and Yangtze Optical Fibre And Cable Joint Stock both hitting the limit up for the second consecutive day. The chip industry chain rose rapidly, with Ningbo Kangqiang Electronics, Hangzhou Lion Microelectronics, and JCET Group Co., Ltd. all hitting the limit up. The cultivated diamond concept continued to rise, with Sinomach Precision Industry Group and Henan Huanghe Whirlwind both hitting the limit up. On the downside, sectors like film and television media, education, and AI applications continued to decline. Liquor stocks fluctuated downward, while the real estate and rental and sales rights sectors saw a shaky decline. The power grid equipment sector continued to adjust, and medical and healthcare stocks collectively declined, with poor performance from retail, airport transportation, and other sectors. In terms of focus stocks, the new "stock king" in A-share Semight Instruments rose by over 10% at one point, breaking through the 2000 yuan mark, with the highest price in the session reaching 2071.00 yuan per share, becoming the second stock in A-share to exceed 2000 yuan in price. In addition, Zhongji Innolight rose by over 10% in the session to 1315.51 yuan per share, surpassing Kweichow Moutai, whose stock price temporarily dropped to fifth in A-shares. Foxconn Industrial Internet rose by nearly 6% in the session, surpassing Kweichow Moutai's market value of over 1.68 trillion yuan. Looking ahead, China Securities Co., Ltd. believes that the short-term market has reached a critical point in the relay of funds, and that the subsequent index may replicate a "M-shaped" oscillating upward path.