Midday Report: The three major indices are slightly down, while media and entertainment stocks are surging with limit up.

The morning market traded sideways, with the three major indexes falling slightly. The film and media stocks sparked a surge in limit-up, with more than 20 stocks including Enlight Media, Chinese Online, and China Film hitting the limit-up board. The dispersed dye concept continued to rise, with Haixiang Pharmaceutical rising for the third consecutive day and Jihua Group rising for the second consecutive day. On the downside, retail and consumer stocks adjusted, with New Hua Department Store falling more than 8%. Overall, more stocks fell than rose, with over 2800 stocks in Shanghai, Shenzhen, and Beijing trading in the red. In the first half of the morning, trading volume reached 1.41 trillion yuan. The Shanghai Composite Index closed down 0.02%, the Shenzhen Component Index down 0.02%, and the Growth Enterprise Index down 0.14% at midday.