A-share midday review | The ChiNext Index and the ChiNext 50 Index both rose more than 3%, with "light" and "core" leading the way, as funds once again embraced technology stocks.

On June 30, the three major A-share indexes fluctuated and rose in the morning, with the Sci-Tech 50 Index continuing its strong performance. By the midday closing, the Shanghai Composite Index rose by 0.2%, the Shenzhen Component Index rose by 2.47%, and the ChiNext Index rose by 3.06%. The Sci-Tech 50 Index rose by 3.51% to reach 2200 points, setting a new historical high. In terms of market performance, major funds once again sold off old-fashioned sectors and embraced technology stocks, with storage chip concepts repeatedly strengthening. Techshine Electronics rose by its daily limit, as did Winnovation Culturaltainment Development. CPO concepts fluctuated and rose, with Suzhou Everbright Photonics rising by its daily limit, and T&S Communications and Yuanjie Semiconductor Technology rising by over 11%. Siasun Robot & Automation concepts continued to rebound, with Jinhua Chunguang Technology reaching its daily limit, as did Zhejiang Fenglong Electric, Zhejiang Zhongjian Technology, and Estun Automation. The lithium mining concept also experienced a rebound, with Sinomine Resource Group reaching its daily limit, and Jinzhou Yongshan Lithium, Canmax Technologies, Chengxin Lithium Group, XIZANG ZHUFENG RESOURCES, and YOUNGY Co., Ltd. following suit. On the downside, old-fashioned sectors were hit again, with the pharmaceutical concept seeing a general pullback. The agricultural and consumer sectors also saw a decline, while the chemical sector as a whole trended downwards. The major financial concept continued to decline. In terms of hot sectors, the storage chip concept saw repeated strength, with Techshine Electronics and Winnovation Culturaltainment Development reaching their daily limits. The CPO concept also saw a fluctuation and rise, with Suzhou Everbright Photonics rising by its daily limit, and T&S Communications and Yuanjie Semiconductor Technology rising by over 11%. The Siasun Robot & Automation concept continued to rebound, with Jinhua Chunguang Technology reaching its daily limit, and Zhejiang Fenglong Electric, Zhejiang Zhongjian Technology, and Estun Automation also reaching their daily limits. The lithium mining concept also saw a fluctuation and rebound, with Sinomine Resource Group, Jinzhou Yongshan Lithium, Canmax Technologies, Chengxin Lithium Group, XIZANG ZHUFENG RESOURCES, and YOUNGY Co., Ltd. following suit. In terms of institutional viewpoints, Tianfu Securities believes that under the background of technological differentiation, there is an attempt to switch between high and low stocks, but its sustainability remains to be further confirmed. Caixin Securities believes that the logic of funds will gradually give way to industry logic, and liquidity drive will gradually shift towards performance drive. CITIC SEC believes that this round of AI trading is more like the new electric cycle, rather than the Internet bubble. China Securities Co., Ltd. believes that the global prosperity cycle of semiconductor equipment continues to be confirmed, focusing on price increases and international expansion.