As of the midday closing, the Shanghai Composite Index fell 0.42% to 2889.62, the Shenzhen Component Index rose 0.13%, and the Chinext Price Index rose 0.1%. Over 4300 individual stocks increased.
As of the noon close, the major A-share indexes fluctuated, with the Shanghai Composite Index falling 0.42% to 2889.62, the Shenzhen Component Index rising 0.13%, and the CHINEXT Price Index rising 0.1%. Over 4300 stocks rose, with a total turnover of 385.7 billion yuan in the two markets for the first half of the day, a decrease of 16.6 billion yuan compared to the previous day.
On the market, photovoltaic stocks continued to rise, with auxiliary material sectors such as film and glass leading the way, and over ten stocks such as Flat Glass Group, Jolywood Technology and Clenergy Technology hitting the daily trading limit; brokerage stocks fluctuated and rose, with Guangdong Golden Dragon Development Inc. and Guosheng Financial Holding both hitting the daily trading limit; the smart online car-hailing concept once again became active, with Dazhong Transportation(Group)Co.,Ltd., Sichuan Fulin Transportation Group rising sharply, Shanghai Jin Jiang Online Network Service rose more than 9%, and Shanghai's self-driving taxis are expected to be open to the public in August; the energy metal sector rose, with Tianqi Lithium Corporation up nearly 5%, Ganfeng Lithium up more than 3%; and wind power, electric motor, game and other sectors had the highest increase.
Banking stocks fell across the board, with Minsheng Bank falling more than 4% and Bank of Beijing falling more than 3%; international gold prices fell, and the precious metals sector fell, with Beijing Xiaocheng Technology Stock falling more than 7% and Zhongjin Gold Corp.,Ltd falling more than 6%; the China Shipbuilding Industry Group Power concept fell across the board, with China CSSC falling nearly 5% and China Shipbuilding Industry Group Power falling more than 3%; and copper cable high-speed connection, components, coal and other sectors had the largest decline.
Photovoltaic stocks continued to rise, with more than ten stocks, including Flat Glass Group, hitting the daily trading limit.
Auxiliary material sectors such as film and glass led the way, with more than ten stocks, including Flat Glass Group, Jolywood Technology, Clenergy Technology, Zhong Qi Xin Cai, and Hangzhou First Applied Material hitting the daily trading limit. On the news front, at the 2024 Photovoltaic Industry Supply Chain Development(Wenzhou) Forum on July 24, the China Photovoltaic Industry Association issued six proposals, including the strengthening of the authoritative traceability of standard cells and the comparison testing and technical exchanges of batteries between different enterprises. As of now, more than 10 photovoltaic companies including LONGi Green Energy Technology, Trina Solar Co., Ltd. and Zhejiang Sunflower Light Energy Science & Technology Co., Ltd. have signed contracts.
Brokerage stocks fluctuated and rose, with Guangdong Golden Dragon Development Inc. and Guosheng Financial Holding both hitting the daily trading limit. Tianfeng Securities, Xiangcai Co.,Ltd., Shouchuang Securities, Chinalin, and other related stocks followed suit. On the news front, in the first half of this year, many small and medium-sized securities firms achieved net profit growth, with Red Panda Securities, Dongxing Securities, and Shouchuang Securities all expected to see net profit increase by more than 50% year-on-year except for China Huaan, Guoyuan Securities.
Guangdong Golden Dragon Development Inc. and Guosheng Financial Holding both hit the daily trading limit, and Tianfeng Securities, Xiangcai Co.,Ltd., Shouchuang Securities, Chinalin, and other related stocks followed suit. On the news front, in the first half of this year, many small and medium-sized securities firms achieved net profit growth, with Red Panda Securities, Dongxing Securities, and Shouchuang Securities all expected to see net profit increase by more than 50% year-on-year except for China Huaan, Guoyuan Securities.
The smart online car-hailing concept once again became active, with Sichuan Fulin Transportation Group hitting the daily trading limit, and Dazhong Transportation(Group)Co.,Ltd. and Shanghai Jin Jiang Online Network Service rising more than 9%. Haiqi Transportation Group, Youon Technology and Heilongjiang Transport Development all rose more than 5%. On the news front, according to Sensible 4, an intelligent driving company, the company previously obtained a license for unmanned driving taxis(Robotaxi) with intelligent network connectivity for drivers in Shanghai at the World Artificial Intelligence Conference, which is expected to be opened to the public in August.
Banking stocks fell across the board, with Minsheng Bank falling more than 4%. Bank of Beijing fell more than 3%; international gold prices fell, and the precious metals sector fell, with Beijing Xiaocheng Technology Stock falling more than 7% and Zhongjin Gold Corp.,Ltd falling more than 6%; the China Shipbuilding Industry Group Power concept fell across the board, with China CSSC falling nearly 5% and China Shipbuilding Industry Group Power falling more than 3%; and copper cable high-speed connection, components, coal and other sectors had the largest decline.
Minsheng Bank dropped more than 4%, Bank of Beijing dropped more than 3%, Qilu Bank, China CITIC Bank, China Merchants Bank, Jiangsu Suzhou Rural Commercial Bank, and Shanghai Pudong Development Bank followed the decline.
International gold prices fell back, and the precious metals sector fell.
Beijing Xiaocheng Technology fell more than 7%, Zhongjin Gold Corp., Ltd. fell more than 6%, Shandong Yulong Gold, Hunan Gold Corporation fell more than 5%, Hunan Silver, SD Gold, Chifeng Jilong Gold Mining, and Sichuan Gold followed the decline.
