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A-shares close: STAR Market 50 opens lower and recovers, rising 3.82%, with semiconductor and computing hardware stocks leading the gains

MeNews
ME News report. On June 24 (UTC+8), the market opened lower and then trended higher throughout the day. The Shenzhen Component Index and ChiNext Index rose more than 1%, while the STAR 50 rose 3.82%. The index’s yellow and white lines showed a clear divergence, with small and micro-cap stocks making a sharp pullback. The “stock king” Lianxun Instruments’ share price broke through 2,500 yuan, up more than 3,000% versus the IPO issue price. The combined trading value of the Shanghai and Shenzhen markets was 3.28 trillion yuan, down 156.4 billion yuan from the previous trading day. In terms of market focus, AI hardware was the center of attention, with more than 4,000 stocks declining across the market. By sector, computing hardware stocks such as PCB and optical communications rebounded across the board, with China Jushi, Sinomatech, Yongding Shares, and Cambridge Technology all hitting the daily limit. The semiconductor industry chain surged again, led by advanced packaging and memory-chip directions, with Zhaoyi Innovation, Changdian Technology, Yak Technology, and Taiji Industrial all hitting the daily limit. The lithium mining concept rebounded collectively, with Shengxin Lithium Energy, Yongshan Lithium Industry, and Rongjie Shares all hitting the daily limit. The innovative drug concept continued to rebound, with Kelai Ying, Qianhong Pharmaceutical, and Hainan Haiyao all hitting the daily limit. On the downside, the film and television sector remained sluggish throughout the day, with China Film hitting the daily limit down. By the close, the SSE Composite Index rose 0.11%, the Shenzhen Component Index rose 1.24%, and the ChiNext Index rose 1.41%. (Source: PANews)
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