A-shares Midday | Three Major Indices All Closed Higher, Brokerages, Non-ferrous Metals, and Nuclear Fusion Lead the Surge

Market Overview On August 26, the three major A-share indices opened mixed. The morning session saw a volatile rebound, with a pattern of indices collectively rising, widespread gains in individual stocks, and large financial sectors and non-ferrous metals leading the way. The Shanghai Composite Index opened down 0.20%, the Shenzhen Component Index opened up 0.11%, and the ChiNext Index opened up 0.35%. By the midday close, the Shanghai Composite Index rose 0.70% to 3916.83 points, the Shenzhen Component Index rose 1.20% to 13911.29 points, and the ChiNext Index rose 1.37% to 3444.05 points; the STAR 50 Index rose 2.18%. A total of 3574 stocks rose in the market, while 1809 stocks fell, with 56 hitting the daily (upper limit), and none hitting the (lower limit). The half-day trading volume in the Shanghai and Shenzhen markets was approximately 1.23 trillion yuan, an increase of about 83.7 billion yuan compared to the previous trading day. According to data from CaiLianPress and Xinxin Mining, net inflows of major funds were seen in sectors such as non-ferrous metals, non-bank financials, and industrial metals, while net outflows occurred in the electronics, communications, and semiconductor sectors, with non-ferrous metals seeing over 7.4 billion yuan in net inflows, and CMOC Group Limited seeing the largest net purchases by main funds. Market Summary In terms of increases, the large financial sector (brokerages, internet finance, insurance), non-ferrous metals (copper, gold), controllable nuclear fusion, and computing power hardware (CPO) sectors performed outstandingly. Conversely, the CRO/CMO, pharmaceutical biology, oil & gas, and agriculture sectors were sluggish. Overall, trading volume in the Shanghai and Shenzhen markets increased by about 83.7 billion yuan, with funds shifting from previously high-performing sectors to brokerages, non-ferrous metals, and controllable nuclear fusion. Hot Sectors 1. Large Financial Sector Strongly Leading Securities, internet finance, insurance, and other sectors collectively surged, with Guangdong Golden Dragon Development Inc., Xiangcai Co., Ltd, and Nanhua Futures hitting the. Comment: As of August 25, 21 listed brokerages have disclosed their mid-year reports for 2026, collectively achieving operating revenues of approximately 207.1 billion yuan and net profits attributable to shareholders of about 88.8 billion yuan, both showing a year-on-year growth of about 53%, with all achieving increases in both revenue and profit; the average daily transaction volume of stock and fund trades reached 3.24 trillion yuan, a year-on-year increase of 100.97%, supporting brokerage businesses. 2. Non-Ferrous Metals Sector Fully Rebounding Copper and gold sectors led the gains, with Jiangxi Copper, Baiyin Nonferrous Group, Jchx Mining Management, Shenzhen China Bicycle, and Beijing Kingee Culture Development hitting, and DR Corporation seeing a 20cm. Comment: News-wise, Comex gold futures returned above $4700 within the day, continuing the strength of the precious metals sector; Jiangxi Copper's mid-year report for 2026 showed a net profit of 8.632 billion yuan in the first half of the year, a year-on-year increase of 106.77%. 3. Controllable Nuclear Fusion Concept Active The controllable nuclear fusion concept gained momentum, with RongFa Nuclear Equipment hitting at market open, Tianjin Benefo Tejing Electric also hitting, and companies like HIT Welding Industry, Jiusheng Electric, and China Nuclear Engineering Corporation following suit. Comment: On August 25, at the 2026 Nuclear Fusion Energy Conference, a Yangtze River Delta innovation consortium, led by China Fusion Energy Co., Ltd. and joined by Shanghai Superconductor and other companies, will focus on the needs of Chinas Circular 4 fusion device, establishing capabilities for developing high-temperature superconducting strong-field tokamak magnets and engineering technology systems. The goal is to complete the first high-temperature superconducting strong-field magnet development and testing line with a capacity of 25T by 2028, and to finish the prototype magnet development by 2030. 4. CPO Concept Oscillating Back Up Computing power hardware stocks rebounded, with CPO concept stocks fluctuating upward during the day, as Cig Shanghai and Shenzhen Gongjin Electronics hit, and Robotechnik Intelligent Technology, Jiangsu Etern, Zhongji Innolight, and Accelink Technologies saw gains. Comment: News-wise, Cig Shanghai's mid-year report for 2026 showed a net profit attributable to shareholders of 328 million yuan in the first half of the year, a year-on-year increase of 171.08%; moreover, Nvidia is set to announce its second-quarter financial report for fiscal 2027 after the close of trading on August 26, with the market focusing on shipments of the Blackwell chip and guidance for data center revenues.