A-share Opening Express | Index Opening Low Shock Double Innovation Index Falls More Than 1% Innovative Drugs Concept Shock Lift

On June 23rd, the three major A-share indexes opened collectively lower. As of the time of writing, the Shanghai Composite Index fell by 0.12%, the Shenzhen Component Index fell by 1.16%, and the ChiNext Index fell by 1.49%. In terms of the market, the major financial sector continued its strong performance from the previous day, with Changjiang up for two consecutive days, Shenzhen Infogem Technologies, LDNS, SGSG Science&Technology rising by more than 10%, and China Securities Co.,Ltd., GF SEC, Shanghai DZH Limited leading in terms of gains. The concept of liquid-cooled servers was active at the opening, with Shenzhen Envicool Technology, Zhejiang Dayuan Pumps Industry both hitting limit up, and Long Stocks, ShenZhen QiangRui Precision Technology, Sichuan Chuanhuan Technology, Chunzhong Technology, Nanjing Canatal Data-Centre Environmental Tech, Shanghai Xinpeng Industry opening higher. The innovative pharmaceutical concept experienced a volatile rise, with Shandong Xinhua Pharmaceutical hitting limit up, Hainan Haiyao reaching limit up, and Shanghai Haixin Group, Jiangxi Wannianqing Cement, Honz Pharmaceutical, Shaanxi Panlong Pharmaceutical, Brightgene Bio-Medical Technology Co.,Ltd. following suit. Looking ahead, Caixin Securities believes that the strong volume and price increase in the A-share market on the previous day, with the three major indexes closing with long gains, reflects that the short-term market still has the upward momentum. In addition, some cyclical sectors are strengthening, effectively supporting the hard technology sector, which may present a pattern of a positive rotation between technology and cyclical sectors in the future, but it will still take time to see if the style switches. Popular sectors: 1. The innovative pharmaceutical concept experiences a volatile rise, with Shandong Xinhua Pharmaceutical hitting limit up, and other pharmaceutical companies following suit in gains. 2. The major financial sector continues to strengthen, with Changjiang up for two consecutive days, and other companies leading in terms of gains. 3. The concept of liquid-cooled servers is active at the opening, with several companies hitting limit up. Institutional perspectives: - Caixin Securities: The situation of rising volume and price reflects that the short-term market still has the upward momentum. - Huaxi: The innovation and creation index set a new high in trading volume, officially establishing a new upward trend. - Tianfu Securities: The market itself has realized the high overcrowding in the technology sector. This article is reprinted from "Tencent Self-selected Stocks". Editor: Li Fo.