The main A-share index fell sharply. As of the midday close, the Shanghai Index fell 0.08% to 3151.94 points, the Shenzhen Stock Exchange Index fell 0.37%, and the GEM index fell 0.67%. More than 3,900 shares fell, and the two markets traded 569.4 billion yuan in half a day.

On the plateThe home appliance sector rebounded, TCL Smart Home rose and stopped, Beiding shares rose more than 8%, and trade-in policies were introduced in many places; shipping stocks rallied; Phoenix Shipping and Air China Ocean rose more than 6%, and the main contract for shipping Europe increased to 10% during the day; the gas and water sector rose, Hongtong gas rose and stopped, and Greentong Water rose more than 8%; power stocks continued to rise. Gansu Energy rose and stopped; Xichang Electric Power once broke out of the 4th board for 6 days; the automobile sector stopped. Jinlong Motors rose more than 5%. Sectors such as non-automobile transportation and copper cable high-speed connection concepts registered the highest gains. The quantum communication concept went low, with HKUST Guochuang falling by nearly 12%, and Haofeng Technology falling by nearly 11%; national defense and military concepts generally falling, Starnet Yuda falling to a standstill, and Panorama Technology falling by more than 8%; media, medical equipment, hotels and restaurants were among the highest declines.

Electricity stocks continue to rise, energy rises and falls in Gansu

Energy in Gansu rose and stopped. Xichang Electric Power once broke out of the 4th board in 6 days. Star Electric Power and Leshan Electric Power rose more than 7%, while Shenneng Co., Ltd., Ganneng Co., Ltd., Huayin Electric Power, and Hunan Development followed suit. According to the news, US power stocks VST, CEG, and NRG have all doubled in recent months.

The home appliance sector rebounded, and TCL Smart Home stopped rising

TCL Smart Home and Megmeet went up and down, Beiding shares, Ousheng Electric, and Hongzhi Technology rose more than 8%, while Changhong Meiling, Guoguang Electric, Martians, and Haier scaffolds followed suit. Cinda Securities pointed out that with the arrival of various major promotion points in the second quarter and in line with the trade-in policies jointly introduced by various provinces, cities, enterprises, and platforms, domestic demand for home appliance renewal is expected to be further released.

The gas and water sectors are rising and Hongtong gas is rising and stopping

Hongtong gas rose and stopped, Kaitian Gas rose nearly 10%, Greentown Water Services rose more than 8%, and Shenshui Haina, Nanjing Public Utilities, and United Water had advanced increases. According to the news, on May 9, a hearing on the tap water price reform plan in central Guangzhou was held. A total of 17 participants in the hearing all expressed their understanding and support for the water price adjustment. Furthermore, after the “Guiding Opinions on Establishing and Improving the Upstream and Downstream Price Linkage Mechanism for Natural Gas” was issued in 2023, according to incomplete statistics, more than 130 cities and counties have issued linkage mechanism documents or notices to drive up gas prices for residents. For example, prices for the first, second and third tiers in Shenzhen were raised by 10%, 9%, and 6% respectively.

The concept of national defense and military industry generally fell to a halt, Star Network, and Yuda fell to a standstill

Starnet Yuda fell to a standstill; Guanxiang Technology fell more than 8%; Jieqiang Equipment, Tianhe Defense, and Gudian Defense fell by more than 7%; and Rayco Defense, Sichuang Electronics, Lihang Technology, and Aerospace Huanyu fell and fell.