Noon update: Shanghai Composite Index rose and fell back, down 0.04%, insurance and banking sectors continue to strengthen.

The three major indexes rose and fell differently. As of midday, the Shanghai Composite Index fell by 0.04%, the Shenzhen Component Index fell by 0.32%, the ChiNext Index rose by 0.12%, and the CSI 50 Index fell by 1.52%. The total turnover of the Shanghai, Shenzhen and Hong Kong markets reached 1.1157 trillion yuan at midday, down by 180.4 billion yuan from the previous day. Over 4,500 stocks in the entire market fell. In terms of sector themes, the military equipment, insurance, and lithium sectors rose, while the Hainan and gas sectors adjusted. In the market, the military equipment sector strengthened, with Asia Star Anchor Chain hitting the daily limit, and Jianglong Shipbuilding rising by more than 10%. The insurance sector rose across the board, with China Reinsurance rising by nearly 4% and China Pacific Insurance rising by nearly 3%. The lithium sector fluctuated after a high, with Rongjie stock and Yanshan Lithium hitting the daily limit. The Hainan sector adjusted across the board, with Hainan Haiyao and Haima Automobile hitting the limit down. The gas sector was weak, with Victory Shares hitting the daily limit down and Changchun Gas falling by more than 7%.