Afternoon review: The Shenzhen Component Index and the ChiNext Index surged more than 1% in half a day, with the green energy and computing hardware sectors performing collectively well.
The three major A-share indexes collectively rose in the morning session. By the midday break, the Shanghai Composite Index rose by 0.88%, the Shenzhen Component Index rose by 1.37%, the ChiNext Index rose by 1.26%, and the BeiZ50 Index rose by 1.04%. The total trading volume of the Shanghai and Shenzhen stock markets, as well as the Beijing stock market, reached 1.4752 trillion yuan by midday, an increase of 150.7 billion yuan from the previous day. More than 4500 stocks in the entire market rose.
In terms of sector themes, the electricity, fiber optics, tourism and hotel, precious metals, computing power leasing, high-speed copper cables, CPO, education, airport and shipping, and sports industries sectors saw the largest gains. The oil and gas exploration and services, photovoltaic equipment, and liquor sectors performed relatively poorly. In the market, stocks related to the "algorithm-electricity synergy" concept continued to surge, with Huadian Liaoning Energy recording an eighth consecutive daily limit-up, while stocks like Jinkong Electric Power, Shaoneng Share, and Huadian Energy also hit their limit-up prices. The soaring bidding prices triggered a reversal in fiber optics, leading to simultaneous significant increases in related stocks, with Changfei Fiber Optics hitting its daily limit-up at one point, while Changguang Huaxin and Fihl Fire Communication had the largest gains.
The daily Token usage volume in China has exceeded 14 trillion, benefiting the computing power leasing sector, with companies like Auroride and Litung Electronics hitting their daily limit-up prices, while companies like Guanhua New Network, Eastern Grand Trust, and Wangsu Technology led the gains. Additionally, sectors like CPO, precious metals, and education also saw increases. On the other hand, the petroleum and natural gas sector followed the international oil price decline, with Tongyuan Petroleum, Intercontinental Oil and Gas, and CNOOC all falling.
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