Midday Review: ChiNext Index falls nearly 1% in the morning, defense sector hits bottom and rebounds.
The index collectively adjusted in the morning, with the ChiNext Index falling nearly 1% by midday. In terms of sectors, the textile manufacturing sector was strong, with WanShiLi 20cm hitting the limit up, along with gains from HuaShengShares, YingFengShares, and HongDaHighTech among others; banking stocks were strong, with Qingdao Bank and Hangzhou Bank leading the way; power stocks were active, with Huaihe Energy and Jinkong Power hitting the limit up; the military industry concept rebounded from its bottom, with Chengfei Integration, Lijun Shares, and TianJian Technology hitting the limit up; the semiconductor sector collectively adjusted, with Huahong Company leading the declines with over 10% drop; humanoid robot stocks weakened, with DongTu Technology leading the losses; and the film and television chain concept continued to adjust, with Huazhi Media leading the declines. Overall, individual stocks showed a trend of overall declines, with over 4100 stocks falling. By the midday close, the Shanghai Composite Index was at 3343.38 points, down 0.26%; the Shenzhen Component Index was at 10112.17 points, down 0.84%; and the ChiNext Index was at 2009.26 points, down 0.99%. On the market, the textile manufacturing, beauty care, and banking sectors led the gains, while the sci-tech innovation new stocks, semiconductor, and integrated die-casting sectors led the declines.
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