A-share midday review | Index differentiation, Shanghai index up with volume, more than 4500 individual stocks rose, "old listed stocks" rebounded in shock.

On July 10th, the three major indexes of A-shares diverged in the morning session, with the Shanghai Composite Index oscillating higher, while the ChiNext Index and the STAR 50 Index rose and then fell. The yellow-white line differentiation was obvious, with the trend of small and medium-cap stocks being stronger. Trading volume noticeably increased, with the turnover of the Shanghai and Shenzhen markets reaching 2.17 trillion yuan by midday, an increase of 471.6 billion yuan from the previous trading day. By the close of the morning session, the Shanghai Composite Index rose by 0.76%, the Shenzhen Component Index rose by 0.61%, and the ChiNext Index fell by 0.65%. There were more gainers than losers in both markets, with nearly 4500 stocks rising. In terms of sectors, the liquor sector rebounded during the day, with Gansu Huangtai Wine-Marketing Industry hitting the limit up, and stocks like Anhui Golden Seed Winery, Anhui Gujing Distillery, Jiangsu King's Luck Brewery Joint-Stock, Jiugui Liquor, Wuliangye Yibin, and Shanxi Xinghuacun Fen Wine Factory following suit. The non-ferrous metals sector also rebounded during the day, with industrial metals leading the way. Stocks like Henan Shenhuo Coal & Power hit the limit up, while others like Henan Zhongfu Industrial, Yunnan Aluminium, Western Mining, Jiangxi Copper, and Tianshan Aluminum Group followed suit. Pharmaceutical stocks also rebounded across the board, with CRO, weight loss drugs, cell immunotherapy, and innovative drugs leading the way. Stocks like Hebei Changshan Biochemical Pharmaceutical, Shanghai Obio Technology, and Ningbo Menovo Pharmaceutical hit the limit up. The AI application concept was also active, with sectors like film and television media, short films, and AI e-commerce leading the way, with stocks like H&R Century Union Corporation hitting the limit up. In terms of hot sectors, the liquor sector rebounded, with stocks like Gansu Huangtai Wine-Marketing Industry showing strong performance. Analysis shows that the most difficult destocking phase in the Chinese liquor industry has passed. The non-ferrous metals sector also rebounded, led by industrial metals, with companies like Henan Shenhuo Coal & Power showing strong growth. Information released by companies like Henan Zhongfu Industrial, Western Mining, and Jiangxi Copper shows that their net profits in the first half of the year are expected to increase by more than 80%. Pharmaceutical stocks also rose across the board, with innovative drugs seeing increased profits. The AI application concept was also active, with companies like H&R Century Union Corporation showing strong performance. Looking ahead, EB SECURITIES believes that with loose domestic liquidity, continued support for hard technology policies, and the peak period for mid-term performance forecasts, the semiconductor industry chain's performance continues to exceed expectations. They recommend focusing on stocks with solid performance, given the high level of uncertainty in the market. The outlook for the market is positive, with the storage chip, advanced packaging, GPU, semiconductor silicon wafer, and AI computing power sectors showing strong growth potential. Various institutions have different views on the market, with each providing their analysis and recommendations for investors.