Midday Report: Shanghai Composite Index fluctuates slightly higher, rising by 0.41% in the morning session, with many bank stocks hitting new highs again.

The three major indexes collectively rose in morning trading. As of the midday break, the Shanghai Composite Index rose by 0.41%, the Shenzhen Component Index rose by 0.05%, the ChiNext Index rose by 0.18%, and the BSI 50 Index fell by 1.08%. The total turnover in the entire market was 878.7 billion yuan in the first half of the day, an increase of 72.3 billion yuan from the previous day. Over 1400 stocks in the entire market rose. In terms of sector themes, the gaming, cross-border payment, brain-machine interface, banking, electricity, and papermaking sectors had the highest gains; while the solid-state battery, nonferrous metals, and marine equipment sectors had the biggest losses. On the market front, gaming stocks performed strongly, with Giant Network hitting the daily limit and Glacier Network rising by over 10%. The banking sector fluctuated higher, with several stocks like Shanghai Pudong Development Bank, Bank of Beijing, and Bank of Shanghai hitting new highs. The cross-border payment sector rose in trading, with Beijing North Star hitting the daily limit again and Sifang Jingchuang and Xinyada having the highest gains. The steel sector was active, with LiuGang Steel hitting its fourth daily limit and LingGang Steel hitting the daily limit. Most solid-state battery concept stocks fell, with Xinyuren, Keheng Stock, and Jinlongyu having the biggest losses. The marine equipment sector collectively adjusted, with ShenShui Haina, JiXin Technology, and ZhongKe Haixun leading the decline.