A-share midday review | A-share batch of good news! ChiNext 50 up more than 1%, technology stocks diverge, semiconductor continues to be strong

On July 22, the three major A-share indexes fluctuated in the morning, with different rises and falls. By the midday close, the Shanghai Composite Index rose by 0.50%, the Shenzhen Component Index rose by 0.61%, and the ChiNext Index fell by 0.13%. Most individual stocks in the market fell more than they rose, with over 3400 stocks declining; the combined trading volume of Shanghai, Beijing, and Shenzhen was 1.78 trillion yuan for the morning session, a decrease of 221.3 billion yuan from the previous day. Domestic main capital had a net inflow of 14.93 billion yuan; the median of market gains and losses was -0.66%. In terms of sector performance, the semiconductor equipment sector continued its strength from the previous day, with Tolerance Technology leading the gains. Precious metals also remained strong, with companies like Inner Mongolia Xingye Silver & Tin Mining and Chifeng Jilong Gold Mining seeing increases. Mining power leasing concepts were active, with companies like Jiangsu Lettall Electronic and SZZT Electronics showing gains. The innovative pharmaceutical sector was also active, with companies like Chongqing Lummy Pharmaceutical seeing significant increases. On the downside, AI application concepts saw declines, with companies like Gansu Engineering Consulting Group hitting limit-down. Consumer goods, military industry chains, banks, and real estate concepts also showed weaknesses. In terms of news, positive developments in hard technology continued: 1. US semiconductor, storage, and optical communication concept stocks surged overnight, with the Philadelphia Semiconductor Index rising by over 5%. The Korean KOSPI index also surged, triggering a circuit breaker. 2. Foreign institutions are bullish on the storage sector, with Morgan Stanley semiconductor analyst Joseph Moore stating that the shortage of data center storage chips is continuing to worsen, with prices expected to rise by at least 25% in Q2 to Q3. 3. Yuanjie Semiconductor Technology's mid-term performance is expected to increase by 12 times. 4. Several listed companies announced buybacks, shareholder and senior management share increases. The most notable was Sungrow Power Supply's announcement of a share buyback plan. 5. Today marks the seventh anniversary of the Sci-Tech Innovation Board's establishment, which has grown to include over 600 listed companies with a total market value exceeding 13 trillion yuan. Looking ahead, analysts believe that the technology sector and AI will continue to be the main themes for the second half of the year, with strong profit growth expected.