As of midday, the Shanghai Composite Index rose by 1.59% to 3348.2 points, the Shenzhen Component Index rose by 2.41%, and the chinext price index rose by 3.83%.
The main A-share indexes rose collectively in the morning session. By midday, the Shanghai Composite Index rose by 1.59% to 3348.2 points, the Shenzhen Component Index rose by 2.41%, the Chinext Price Index rose by 3.83%, and the CSI 50 Index rose by 2.65%. The total turnover in the whole market was 992.7 billion yuan in the first half of the day, a decrease of 11.5 billion yuan from the previous day, with over 4500 stocks rising.
On the market front, the consumer sector strengthened, with food and beverage, retail, and other sectors leading the gains. Huanlejia rose by its daily limit, Guifaxiang had six consecutive daily limit increases, Yiming Food had four consecutive daily limit increases. The National Market Operation and Consumer Promotion Work Conference highlighted a multi-pronged approach to continuously expand consumption. Internet finance and brokerage sectors rallied, with stocks like SGSG Science & Technology, Guosheng Financial Holding Inc., Guangdong Golden Dragon Development Inc. hitting their upper price limits. The robot concept stocks were active again, with Sanfeng Intelligent Equipment Group, Shanghai Moons'Electric, and Guangdong Senssun Weighing Apparatus hitting their upper limits. The semiconductor, multimodal AI, and low-altitude economy sectors led in terms of gains. Some stocks related to the concept of grain economy adjusted, with Shifeng Cultural Development hitting the lower limit, Hanvon Technology, Hengxin Shambala Culture falling by over 10%.
The consumer sector strengthened, with food and beverage, retail, and other sectors leading the gains.
Food and beverage, retail, and clothing sectors led the gains, with Huanlejia rising by its daily limit, Guifaxiang having six consecutive daily limit increases, Yiming Food with four consecutive daily limit increases, Yonghui Superstores, Gansu Guofang Industry & Trade, Jiahe Food, Juneyao Grand Healthy Drinks, Maiquer Group, Shanghai Guijiu, and Fujian Septwolves Industry all hitting their upper limits. On the news front, on November 27-28, the National Market Operation and Consumer Promotion Work Conference was held in Beijing. The conference pointed out that since the beginning of the year, various levels of commercial administrative departments have conscientiously implemented the State Council's decision-making arrangements, taking multiple measures to continuously expand consumption, providing strong support for the improving economic recovery.
Internet finance and brokerage sectors are rising, and Sgsg Science & Technology hit the limit.
Wisdom, Sinosun Technology, Sgsg Science & Technology all hit the 20cm limit, Guosheng Financial Holding Inc., Guangdong Golden Dragon Development Inc., Shanghai Dzh Limited, Zhejiang Netsun all hit the limit, Global Infotech, Shanghai Amarsoft Information & Technology, Hithink Royalflush Information Network all rose more than 10%. On the news side, recently the People's Bank of China and seven other departments jointly issued the "Action Plan for Promoting High-Quality Development of Digital Finance". The "Action Plan" proposes to systematically promote the digital transformation of financial institutions, strengthen strategic planning and organizational management, enhance digital technology support capabilities, consolidate the foundation of data governance and integrated application capabilities, build a digital financial service ecosystem, and enhance digital business management capabilities.
Robot concept stocks are active again, with Sanfeng Intelligent Equipment Group hitting the limit.
Sanfeng Intelligent Equipment Group hit the 20cm limit, Shanghai Moons' Electric, Guangdong Senssun Weighing Apparatus, Shanghai Beite Technology, Keli Sensing Technology, Zhejiang Xcc Group all hit the limit, Efftee, Jiangsu Leili Motor, Victory Giant Technology, Jiangsu Beiren Smart Manufacturing Technology all rose more than 10%. On the news side, the "Nanjing City Promotion Action Plan for High-Quality Development of the Robotics Industry (2024-2026)" was recently released. The plan proposes that by 2026, the overall development level of Nanjing's robotics industry will be at the forefront in the country, autonomous industrial robots will continue to maintain a leading position in the industry, and the "Robot +" innovative demonstration application will achieve significant results and become a domestic benchmark.
Some corn economy concept stocks adjusted, Alpha Group and others hit the limit.
Shifeng Cultural Development hit the limit, Hanvon Holdings, Hengxin Shambala Culture fell more than 10%, Alpha Group, Goldlok Holdings(Guangdong), Cre8 Direct(Ningbo)Co.,Ltd., Huali Technology, Rastar Group all fell more than 5%.
