A-Shares Midday Review: Shanghai Index Rises Nearly 1% in Half Day, Green Energy, Port Shipping and Other Sectors Rally Collectively

The three major A-share indices showed mixed performance in the morning session. By midday, the Shanghai Composite Index rose 0.95%, the Shenzhen Component Index increased 0.26%, the ChiNext Index fell 0.79%, and the Beijing 50 Index gained 1.02%. The combined half-day trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 13,245 billion yuan, down 1,445 billion yuan from the previous day. Over 4,500 stocks in the market rose.

In terms of sectors and themes, the leading gainers included military industry, port shipping, environmental protection equipment, electricity, CRO concepts, sports industry, non-ferrous metals, and childcare services. Oil and gas exploration and services, as well as photovoltaic equipment, lagged behind. On the market, the National Data Bureau emphasized the supporting role of green electricity, leading to active performance in the green electricity sector, with Shao Neng Shares, Tuori New Energy, Jin Kai New Energy, and more than ten other stocks hitting the daily limit-up. CRO leader WuXi AppTec rose after releasing its earnings, driving the sector higher, with its stock up over 5%. Minoan and Bai Ao Sai Tu also hit the daily limit-up.

The port shipping sector surged during the session, with China Merchants South Oil hitting the daily limit, and COSCO Shipping Energy and China Merchants Shipping leading gains. Additionally, sectors such as military industry, non-ferrous metals, and sports industry also rebounded.

On the other hand, the fluctuating US-Iran situation continued to stir the market, causing the oil and natural gas sector to decline following international oil prices. Intercontinental Oil & Gas, Tongyuan Petroleum, and Zhunyou Shares saw some pullbacks. The photovoltaic equipment sector was mostly adjusted due to profit-taking, with Maiwei Shares, Junda Shares, and Outview experiencing declines.