Midday Report: Shanghai Composite Index rose nearly 1% in half a day, with green energy, port and shipping sectors rebounding collectively.
The three major A-share indexes rose and fell differently in the morning session. As of midday, the Shanghai Composite Index rose by 0.95%, the Shenzhen Component Index rose by 0.26%, the Growth Enterprise Index fell by 0.79%, and the Bei50 Index rose by 1.02%. The total trading volume in Shanghai, Shenzhen, and Beijing markets reached 1.325 trillion yuan in the morning session, a decrease of 144.5 billion yuan from the previous day. More than 4,500 stocks in the entire market rose.
In terms of sector themes, military industry, port and shipping, environmental protection equipment, power, CRO concepts, sports industry, non-ferrous metals, and childcare service sectors performed well. Oil and gas extraction and service, photovoltaic equipment sectors lagged behind. On the market, the National Bureau of Statistics once again emphasized the support role of green electricity, and the green electricity sector showed active performance. Stocks such as Shenzhen Energy, Touray New Energy, and Jinkai New Energy rose by the daily limit. Leading CRO company Wuxi Apptec's performance announcement boosted the sector and its stock price rose by over 5%, Mynosha and Baiosatu both hit the daily limit. The port and shipping sector rose during the session, with CNOOC South Oil hitting the daily limit, and China COSCO and CNOOC Energy leading the gains. In addition, the military industry, non-ferrous metals, and sports industry sectors all showed some rebound.
On the other hand, the fluctuating situation in the Middle East has repeatedly disrupted the market, with the oil and gas sector following the international oil price decline, and stocks such as Intercontinental Oil and Gas, Tongyuan Petroleum, and Zhun Oil falling. The photovoltaic equipment sector was mostly affected by fund liquidation, with companies such as Maiwei, Junda, and Aotwoy all experiencing declines.
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