Midday Report: The ChiNext Index opened high and continued to rise, gaining 1.16% in half a day. The concept of driverless vehicles triggered a wave of limit up trading.
The three major indexes collectively rose in the morning session, with the Shanghai Composite Index up 0.72%, the Shenzhen Component Index up 1.12%, the ChiNext Index up 1.16%, and the CSI 50 Index up 1.78% by midday. The total turnover of the whole market in the first half of the day was 759.4 billion yuan, an increase of 91.6 billion yuan from the previous day. Over 4400 stocks in the market rose. In terms of sectors and themes, the driverless, innovative pharmaceutical, and cross-border payment sectors led the gains; the precious metals and food sectors had the largest declines. In terms of individual stocks, the driverless concept saw many stocks hitting their daily limit up, such as Yunnei Power, Tongda Electric with 4 consecutive limit up days, Yuhetian, Sichuan Jinding, Jinjiang Online, Qiming Information, and others also hit the limit up. The controllable nuclear fusion concept was active again, with Shangwei Holdings hitting the limit up for 6 consecutive days, while Zhongchao Holdings, Lanshi Heavy, and Hejian Intelligent all hit limit up. The innovative pharmaceutical concept had the largest gains, with Rui Zhi Medicine, Shutai Shen, and Huasen Pharmaceutical all hitting the limit up. The digital currency concept rebounded, with Xiongdi Technology and Hailian Gold Exchange both hitting the limit up. The gold concept had the largest declines, with Laishen Tongling falling nearly 8%, followed by Mingpai Jewelry, Zhou Dasheng, and others.
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