As of the midday close, the Shanghai Composite Index fell by 0.04% to 2855.56 points, the Shenzhen Component Index fell by 0.48%, and the chinext price index fell by 0.48%.
By midday, the main A-share indexes have adjusted. The Shanghai Composite Index fell 0.04% to 2855.56 points, the Shenzhen Component Index fell 0.48%, and the Chinext Price Index fell 0.48%. Over 3600 stocks have declined, with a total turnover of 33.68 billion yuan in the morning session, an increase of 18.6 billion yuan compared to the previous day.
On the market, bank stocks continue to rise, with Bank of Shanghai, Postal Savings Bank of China, Bank of Communications, and other stocks hitting new highs for the year. The solid-state battery concept continues to be strong, with Guangzhou Great Power Energy and Technology and Mengguli up 20cm. The commercial aerospace concept has some localized fluctuations, with Shaanxi Fenghuo Electronics and Toread Holdings Group hitting the limit. Textile, power grid, and household appliance sectors are leading the gains. The consumer sector is performing poorly, with baijiu (Chinese liquor), daily chemical products, and other high-end consumer companies leading the decline. imeik technology development has dropped more than 10%, reaching a new low in nearly four years. Stocks related to the "Black Myth" concept continue to adjust, with Zhejiang Edition Media falling more than 7%. The company announced that it is only the publisher of "Black Myth: Wukong" and does not participate in the game's profit sharing. Stocks in the consumer electronics sector are declining, with Edifier Technology and Shenzhen Longood Intelligent Electric both falling more than 7%. Education, agriculture, semiconductors, and other sectors are leading the declines.
Bank stocks continue to rise, with Bank of Shanghai and other stocks hitting new highs for the year.
Bank stocks maintain their strength in early trading, with Bank of Shanghai, Bank of Jiangsu, Postal Savings Bank of China, and Bank of Communications hitting new highs for the year. Bank of China and China Construction Bank have set new historical highs.
The solid-state battery concept continues to be strong, with Guangzhou Great Power Energy and Technology hitting the limit.
Guangzhou Great Power Energy and Technology, Mengguli, rose by the limit of 20cm, Liyuan Heng, Liwang Shares, Changhong Energy, Sanxiang Advanced Materials, and other stocks rose more than 5%. On the news side, Guangzhou Great Power Energy's official WeChat account announced that a major breakthrough in all-solid-state batteries is coming soon. The 2024 Guangzhou Great Power Energy Product Technology Release Conference will be held on August 28th, and a series of heavyweight new products will be released.
Huayi Brothers Media Corporation fell more than 11% amid the adjustment of the Black Myth: Wukong concept stocks.
Huayi Brothers Media Corporation fell more than 11%, Hangzhou Gaoxin Rubber & Plastic Materials fell more than 8%, Zhejiang Publishing & Media fell more than 7%, China Tourism and Culture Investment Group, Zhishang Technology, Hisense Visual Technology, CITIC Press Corporation and others followed the decline. On the news side, last night Zhejiang Publishing & Media issued an announcement about abnormal volatility and risk warning in stock trading. The company's stock has accumulated a deviation value of more than 20% for three consecutive trading days from August 19th to 21st, which is considered as abnormal volatility. Recently, investors and media have inquired whether the company can obtain sales revenue of the game "Black Myth: Wukong". The company is only the publisher of the game "Black Myth: Wukong", providing game content audit, publishing declaration and publication number application services, and does not participate in game revenue sharing.
The consumer sector performed poorly, with Imeik Technology Development falling more than 10% to a nearly four-year low.
The medical beauty, baijiu (Chinese liquor), and daily chemical sectors led the decline in high-end consumer direction, with Imeik Technology Development falling more than 10%, its stock price hitting a new low since October 2020. Shanghai Jahwa United, Shede Spirits fell more than 8%, Hainan Yedao, Shanghai Guijiu, Jiangsu King's Luck Brewery Joint-Stock and others had significant declines. On the news side, yesterday Shanghai Jahwa United and Shede Spirits both saw a year-on-year decline of more than 20% in net profit for the first half of the year, and Imeik Technology Development's net profit growth rate in the second quarter dropped to single digits.
