A-share midday review | ChiNext rose high and fell by nearly 2%, with more than 4500 stocks falling across the market. Will there be a new round of market movements in the second half of the year?

On June 11, the A-share market experienced a morning shock adjustment, with the ChiNext Index rising and then falling back after initially increasing by over 1%. By the close of trading, the Shanghai Composite Index fell by 0.73%, the Shenzhen Component Index fell by 1.32%, and the ChiNext Index fell by 1.79%. The total turnover in the Shanghai and Shenzhen markets was 1.59 trillion, a decrease of 135.6 billion from the previous trading day. In terms of the market, the semiconductor equipment sector saw a counter-trend surge, with clean rooms and testing equipment leading the way. Suzhou UIGreen Micro&Nano Technologies rose by over 15%, and Shanghai Shengjian Technology hit the limit up. The non-ferrous metals sector was active, with Guangdong Xianglu Tungsten, Sino-Platinum Metals, and Chongyi Zhangyuan Tungsten hitting the limit up. The chemical industry sector showed strength again, with fluorine chemical and phosphorus chemical concepts leading the way, and Anhui Liuguo Chemical and Hubei Xingfa Chemicals Group hitting the limit up. On the downside, the AI application concept saw a widespread adjustment, while the computing power leasing concept saw a pullback. Sectors such as smart grid, car networking, Siasun Robot & Automation, and consumer goods showed a collective weakening trend. Looking ahead, Founder believes that the short-term phenomenon of a pullback after a rebound in low volume is a temporary disruption to the market repair rhythm and does not change the overall positive long-term trend. In the short term, the market is likely to continue a trend of consolidation and volatility, waiting for volume and sentiment to align through repeated fluctuations. Investors should overlook short-term fluctuations, stick to core investment logic, patiently navigate through volatility, and select high-quality assets based on fundamentals. As cautious funds gradually enter and volume is effectively released, the market is expected to continue an upward trend after the volatility, with structural opportunities continuing to emerge. Popular Sectors: 1. Counter-trend surge in semiconductor equipment 2. Active performance in the non-ferrous metals sector 3. Initial rise in the chemical industry sector Institutional Views: Shenwan Hongyuan Group: The structural uptrend in A-shares is approaching a high point, and further upward potential remains to be unlocked. China Securities Co., Ltd.: Industry allocation in June should adopt a "barbell structure." Overall, the market experienced a temporary pullback after a rebound in low volume, but the long-term positive trend remains intact. Investors should focus on fundamental analysis and high-quality assets while navigating through short-term market fluctuations.