Midday Report: The ChiNext index dropped 1.58% at noon, while the banking and oil sectors bucked the trend and rose.

The three major indexes fell collectively today, with the Shanghai Composite Index down 0.24%, the Shenzhen Component Index down 1.07%, the ChiNext Index down 1.58%, and the BeiEidid 50 Index down 1.15% at the close. The total turnover of Shanghai, Shenzhen, and Beijing markets was 1.27 trillion yuan for the whole day, an increase of 22 billion yuan from the previous day. Over 4000 stocks in the entire market fell. In terms of sector themes, the oil and gas exploration and services, insurance, brain-machine interfaces, banks, and flu sectors led the gains; while the photovoltaic equipment, cultivated diamond, controlled nuclear fusion, phosphate chemical, battery, military equipment, and lithography concept stocks led the declines. On the market, the phosphate chemical and battery industry chains collectively adjusted, with Chengxing shares hitting the limit down, Tianci materials, Fengyuan shares, New Zhoubang, Nandu power and other stocks fell. The cultivated diamond and superhard material sectors retraced, with Waldorf falling more than 10% intraday, Huifeng diamond, Sifangda, and Power diamond following suit. The photovoltaic equipment sector also performed poorly, with Hongyuan green energy hitting the limit down intraday, Atlas, Airon energy falling by more than 10%. On the other hand, the banking sector collectively strengthened, with the total market value of Agricultural Bank of China surpassing 3 trillion for a new high. Oil and gas stocks were active, with PetroChina, Sinopec, and Sinopec all rising.