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A-shares opened high and then declined, with approximately 4,300 stocks falling! Optical fiber stocks surged, many hitting the daily limit, CPO concept strengthened, Zhongji Xuchuang broke through 1,000 yuan intraday, becoming the second stock on the ChiNext Board to reach 1,000 yuan | A-shares morning session
Reporter | Du Hengfeng
Editor | Duan Lian, Du Bo Proofreader | Chen Keming
On May 12th, A-shares opened high and then declined, oscillating downward. By the close, the Shanghai Composite Index fell 0.4%, the Shenzhen Component Index dropped 0.89%, and the ChiNext Index declined 0.37%. The yellow and white lines showed clear divergence, with small and mid-cap stocks performing weaker. The combined half-day trading volume of Shanghai and Shenzhen markets was 2.17 trillion yuan, shrinking by 135.4 billion yuan compared to the previous trading day.
Market sentiment saw rapid rotation of hot spots, with over 4,300 stocks declining across the entire market.
In terms of sectors, the optical fiber concept performed strongly against the trend, with Tongding Interconnection hitting four consecutive limit-ups, and Hangdian Co., Ltd. hitting four limit-ups in five days. The CPO concept was active, with leading optical module company Zhongji Xuchuang’s stock price breaking through 1,000 yuan during trading, becoming the second stock on the ChiNext to reach 1,000 yuan. The power grid equipment sector experienced oscillating gains, with Sun Cable, Hanlan Co., Ltd., and Dalian Electric Porcelain hitting the daily limit. The securities sector saw a sudden surge, with Great Wall Securities reaching the daily limit.
On the decline side, the innovative drug concept weakened, with Xinlitao hitting the limit down, and Jian Kai Technology and Zhongsheng Pharmaceutical experiencing the largest declines.
(Disclaimer: The content and data of this article are for reference only and do not constitute investment advice. Investors operate at their own risk.)
Cover image: AI-generated
Daily Economic News