Afternoon trading: the index strengthened and the ChiNext Index rose 1.72% at midday with defense stocks leading the market rally.

date
15/05/2025
Index in the morning collectively strengthened, the ChiNext and the Shenzhen Component Index both rose more than 1% in the morning session. In terms of sectors, military stocks led the gains in both markets, with Seven-Feng Precision Industry and Kunshan Intelligent Equipment rising by the daily limit of 30cm, while companies such as Huaru Technology and Aerospace South Lake also hit the 20cm daily limit. The humanoid robot concept was strong, with stocks such as Tosda, Riying Electronics, and Wanxiang Qianchao hitting the daily limit. The solid-state battery sector was strong, with Longpan Technology hitting the daily limit. The gold concept adjusted in the morning session, with Chaohongji and Western Gold leading the declines. Agricultural stocks weakened collectively, with Qiu Le Seeds and Kangnong Seeds leading the declines. Pharmaceutical stocks also declined, with Maiwei Biology falling by more than 10% to lead the declines. Overall, more stocks rose than fell, with over 3500 stocks rising. By midday close, the Shanghai Composite Index was at 3354.53 points, up 0.37%; the Shenzhen Component Index was at 10234.09 points, up 1.06%; and the ChiNext Index was at 2046.39 points, up 1.72%. On the market, China Shipbuilding, Aerospace Concepts, and Military Electronics sectors led the gains, while precious metals, agriculture and forestry, and genetically modified sectors led the declines.