A-shares closing analysis: Shanghai index rebounded and closed up 0.43%, with the continuous surge of the concept of innovative drugs.

The three major indexes collectively rebounded today. As of the close, the Shanghai Composite Index rose by 0.43%, the Shenzhen Component Index rose by 0.16%, the ChiNext Index rose by 0.48%, and the CSI 50 Index rose by 1.03%. The total turnover of the entire market was 1.1638 trillion yuan, an increase of 4 billion yuan from the previous day. Nearly 3,400 stocks in the entire market rose. In terms of sectors, leading sectors included precious metals, football, games, banks, and innovative pharmaceuticals, while steel and automobile stocks led the decline. On the market, the gold concept led the gains, with Western Gold and Mancalon hitting the limit up. The innovative pharmaceutical sector remained active, with Shu Tai Shen, Wanbangde, Qianhong Pharmaceutical, Hainan Haiyao, and Lianhua Technology all hitting the limit up. The new consumption concept was once again active, with Ruoyuchen hitting the limit up, Wancheng Group rising by over 10%, reaching historical highs, and Lehui International, Youyou Food, and Shunhao Stock hitting the limit up. Bank stocks led the gains, with Shanghai Rural Commercial Bank hitting the limit up, and Chongqing Rural Commercial Bank rising by over 5%. Stablecoin concepts strengthened, with Hengbao Stock, Yuyin Stock, and Cuiwei Stock hitting the limit up. Automotive stocks fell, with Jianghuai Automobile and SAIC Group falling by over 5%. In addition, Junyao Health and Hexing Stock performed limit up during trading hours.