A-shares Opening Express | The Sci-Tech Innovation 50 Index surged over 1% and broke through the 2000 point mark for the first time. The concept of storage chips opened significantly higher.
On June 25th, the three major A-share indexes diverged. As of the time of writing, the Shanghai Composite Index fell by 0.26%, the Shenzhen Component Index rose by 0.96%, the ChiNext Index rose by 1.28%, and the STAR 50 Index rose by 1.78%.
On June 25th, the three major A-share indexes diverged. As of the time of writing, the Shanghai Composite Index fell by 0.26%, the Shenzhen Component Index rose by 0.96%, the ChiNext Index rose by 1.28%, and the STAR 50 Index rose by 1.78%.
On the market, in the morning trading session, the storage chip concept opened significantly higher, with Wuxi Taiji Industry hitting the daily limit up, Jiangsu Yoke Technology, Biwin Storage Technology, Shenzhen Longsys Electronics, and GigaDevice Semiconductor Inc. all rising by over 4%, reaching historical highs. Toyou Feiji Electronics, Shenzhen Kaifa Technology, and Big Micro were among the leading gainers. The concept of computing power leasing continued to be strong, with Hangjin Technology hitting two consecutive limit-up days, Digital China Group surging, Xiamen Zhongchuang Environmental Technology rising by over 10%, and Infore Environment Technology Group, Hangzhou Anysoft Information Technology, Guangdong Qunxing Toys Joint-stock, and Glory View Technology showing strong gains.
Looking ahead, Orient believes that the technology sector is still the preferred investment choice in the market recently. However, it is important to note that the market will soon enter the mid-year report verification period, and many technology stocks may face performance impacts after being hyped. From a technical perspective, it is expected that in the short term, the stock index still has the momentum to test the 4150 points region.
Popular sectors:
1. The storage chip concept opened significantly higher, with companies such as Wuxi Taiji Industry and others hitting historical highs. This was driven by positive news such as Micron Technology's performance forecast.
2. The computing power leasing concept continued to be strong, driven by market data showing rapid growth in the market size.
Institutional views:
- Orient: The market is likely to test the 4150 points region, with the technology sector remaining a preferred investment choice.
- Cai Xin Securities: The market continues to show structural differentiation, with the probability of a short-term trend decline not high.
- TF Securities: The market faces the window of performance verification, and the pricing power will shift from narratives to performance realization.
This article was originally published on "Tencent Xuan Gu", translated by GMTEight. Editor: Li Fo.
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