A-share closing review: A-share traded rebounded with shrinking trading volume, the three major indexes rose and then fell, with more than 3800 individual stocks in the market increasing.

On July 3rd, the three major stock indexes in A-shares rose and fell after reaching highs, with the ChiNext Index rising more than 2% in the morning session and shaking down in the afternoon. By the end of the trading day, the Shanghai Composite Index rose by 0.37%, the Shenzhen Component Index rose by 0.64%, and the ChiNext Index rose by 0.07%. Most stocks in the market rose, with over 3800 stocks rising, and the total trading volume in Shanghai, Beijing, and Shenzhen was 3.17 trillion yuan for the day, a decrease of 256.7 billion yuan from the previous day. In terms of market performance, the precious metals sector continued to show strength, with Zhaojin International Gold and Chifeng Jilong Gold Mining hitting two consecutive trading limits, and Shanjin International Gold hitting the limit up. Companies like Beijing Xiaocheng Technology Stock, Sichuan Gold, Zhongjin Gold Corp., Ltd., and Western Region Gold also saw significant price increases. The Siasun Robot & Automation concept continued to rise, with companies like Wolong Electric Group and Estun Automation hitting the daily limit up. Storage chip concepts continued to rise in the afternoon, with companies like Shenzhen Techwinsemi Technology, Ingenic Semiconductor, and Puya Semiconductor leading the charge. PCB concepts also showed strength, with companies like Shennan Circuits hitting the daily limit up. On the downside, the semiconductor materials and equipment sector continued to adjust, advanced packaging concepts trended lower, and glass substrate concepts performed weakly. Fiber optic cable concepts were shaky and on the decline, while AI applications experienced a pullback. Sectors such as chemicals, pork, e-commerce, agriculture, airport transportation, and photovoltaics all showed weakness. In terms of news, three major positive news stories supported the market rebound: 1. The weak June non-farm payrolls report in the US led the market to believe that the Federal Reserve would postpone rate hikes. 2. Meta's business model adjustment caused a global tech stock sell-off, but analysis suggested that the market misinterpreted Meta's actions. 3. Several companies announced share buybacks or increases, instilling confidence in the market. Additionally, many listed companies released earnings forecasts indicating growth. Looking ahead, EB Securities believes that the market may see continued weak oscillations in the short term, driven by profit taking pressure in high-performing sectors. Popular sectors on the rise include precious metals, humanoid robots and automation, and storage chips, while sectors like PCBs are also showing strength. Institutional views include China Securities Co., Ltd.'s observation that the market sentiment is currently at a low level in a bull market, indicating strong short-term rebound potential. Zhongtai's Wang Fang also highlighted the penetration of AI innovation from cloud to edge, driving the semiconductor industry upwards. This article was originally published on Tencent's stock selection platform with edits by GMTEight.