A-share midday report | Chinese asset collective outbreak! Both the innovation and entrepreneurship indexes rose more than 3%, and hard technology such as CPO rose across the board

On June 15th, there was a collective outbreak of Chinese assets. In terms of A shares, the indices all opened higher. The ChiNext Index and the Sci-Tech Innovation 50 Index both rose by over 3.5%, while the Shenzhen Component Index rose by over 2%. By midday closing, the Shanghai Composite Index rose by 0.92%, the Shenzhen Component Index rose by 2.53%, the ChiNext Index rose by 3.66%, and over 3,300 stocks in the market went up. As for the Hong Kong stocks, the Hang Seng Index opened higher and rose by 0.46% by the time of writing, while the Hang Seng TECH Index rose by 1.07%. The FTSE China A50 Index futures rose by 0.66% during the midday session. On the market, the CPO concept continued to rise, with T&S Communications, Focuslight Technologies Inc., and EverProX Technologies20cm all hitting the limit up. The major financial sector saw an abnormal rise, with BOC International seeing two consecutive rises, and Nanhua Futures and Ruida Futures hitting the limit up. The MLCC concept was active again, with Jiangsu Shuangxing Color Plastic New Materials experiencing 8 consecutive days of rising. There was also increased activity in the precious metals concept, with Zhaojin International Gold hitting the limit up. In terms of declines, the coal sector saw fluctuation, while the pork and breeding sectors saw a significant decline. The oil and gas industry chain also saw a downturn, as did the banking sector and consumer stocks like food processing and beer. Additionally, the performance of innovation drugs, real estate, and agricultural chemical products was not good. In terms of future outlook, GF SEC believes that based on recent changes, the market's new cycle of emotions has reached a bottom. Currently, the market positioning is near the 0% percentile of emotional indicators, the deviation of popular industry moving averages have been digested, and the major indices have reached the 100-day moving average. As the interim report window approaches, the profit gap between traditional and emerging industries may further widen. Apart from AI, there are other potential areas worth watching such as colored metals, energy storage, and innovative drugs. Recommended sectors include: 1. The CPO concept which continued to rise. 2. The abnormal rise in the major financial sector. 3. The reactivation of the MLCC concept. 4. The active performance of the precious metals concept. Various institutions provided their perspectives and recommendations, highlighting the importance of strategic resource value and physical consumption dividends in sectors like oil, coal, and power, as well as the benefits of structural transformation in the manufacturing industry for city commercial banks. Additionally, industries like industrial metals, refining, power equipment, automotive parts, special equipment, and general equipment were viewed favorably. In the tech sector, a focus on "inflation" and second-order spending was recommended, particularly in semiconductor/AI materials and equipment. This article was originally from Tencent Select Stocks, edited by Claire.