A-shares midday review: Shenzhen Composite and ChiNext indices drift into the red, oil and chemical sector surges

On the 7th, China’s A-share three major indexes opened higher, then surged and pulled back. The Shenzhen Component Index and the ChiNext Index turned negative. By the midday close, the Shanghai Composite Index was up 0.03%, the Shenzhen Securities Composite Index was down 0.20%, and the ChiNext Index was down 0.46%. In the entire market, trading value for the first half of the day was 1.08 trillion yuan, with more than 3,600 stocks rising.

In terms of sectors, chemical led the gains. Food, coal, agriculture, and oil & gas were among the top performers. Themes such as copper-clad laminates, GPUs, semiconductor equipment, and large-consumption were active. The financial sector performed poorly; CPO, gold, and wind power concept stocks weakened.

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