A-share midday review: ChiNext Index surged over 3% in the first half of the day, with solid-state batteries and photovoltaic equipment sectors experiencing a collective surge
The three major A-share indices all rose in the morning session. By midday, the Shanghai Composite Index rose 0.35%, the Shenzhen Component Index rose 2.01%, the ChiNext Index rose 3.48%, and the Beijing Stock Exchange 50 Index rose 2.74%. The three stock exchanges in Shanghai, Shenzhen, and Beijing had a half-day trading volume of 1.396 trillion yuan, down 222.7 billion yuan from the previous day. Over 3,900 stocks rose across the board. Among the sectors, solid-state batteries, photovoltaic equipment, CPO, lithography equipment, and PEEK materials led the gains, while tourism, dairy, banking, retail, and liquor sectors saw the largest declines. Solid-state battery stocks surged, with Paitel hitting its 30% limit, and Golden Galaxy and Huasheng Lithium Battery hitting their 20% limit. The photovoltaic equipment sector also strengthened, with Tongrun Equipment hitting its limit, and Canadian Solar and Sungrow leading the gains. Computing hardware stocks, such as CPO, PCB, and semiconductors, rebounded intraday, with Tengjing Technology hitting its 20% limit, and Shenghong Technology, Xinyisheng, and Zhongji Xuchuan all surging. Innovative pharmaceuticals, PEEK materials, and power stocks all saw gains during the session. Consumer stocks saw a collective pullback in early trading, led by the dairy, tourism, and retail sectors. The banking sector also saw some corrections, with Agricultural Bank of China falling as much as 2%.