Midday review: Shanghai Composite Index rose by 0.20%, reaching a new four-year high above 3700 points before retreating. Digital currency and major financial sectors showed strength.
The three major indices did not move in the same direction. As of noon break, the Shanghai Composite Index rose by 0.20%, the Shenzhen Component Index fell by 0.15%, the ChiNext Index fell by 0.23%, and the SZSE 50 Index fell by 0.98%. The total turnover of the Shanghai, Shenzhen and Hong Kong markets reached 1.4313 trillion yuan by midday, an increase of 103 billion yuan compared to the previous day. Over 4200 stocks in the entire market fell. In terms of sectors, the digital currency and large financial sectors rose, while the military equipment and CPO sectors adjusted. In terms of the market, the digital currency sector was strong across the board, with Guotou Intelligent 20CM hitting the limit up, and stocks such as Hengbao Shares, Zhongke Jincai, and Jingbeifang also hitting the limit up. The large financial sector rose, with China Taiping Insurance rising by over 4% and Great Wall Securities hitting the limit up. The military equipment sector fell, with Beifang Longlong and Great Wall Military Industry falling by nearly 7%. The CPO sector adjusted, with Dongshan Precision and Jingwang Electronics falling by over 7%.
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