As of the noon break, the Shanghai Composite Index rose 0.29% to 3407.89 points, the Shenzhen Component Index rose 0.68%, the Chinext Price Index rose 0.73%, and the Microcap Stock Index rose 2.46%.
The major A-share indexes collectively rebounded in the morning session. By the lunch break, the Shanghai index rose by 0.29% to 3407.89 points, the Shenzhen component index increased by 0.68%, the Chinext Price Index was up by 0.73%, and the Micro Stock Index surged by 2.46%. The total transaction volume of the All Market for half a day was 898.3 billion yuan, an increase of 127.7 billion yuan compared to the previous day, with over 4,400 individual stocks rising.
On the market, the Big Plane and Military Industry Concepts have the highest gains. Henan Tong-Da Cable, Aecc Aero Science And Technology, and Sichuan Chengfei Integration Technology Corp.Ltd. have reached their maximum price limits. The domestically produced Big Plane C919 will start operating regular flights between Shanghai and Hong Kong from the New Year; the food concept stocks continue to rise, with Shen Nong Seed, Kang Nong Seed, and others increasing by over 10%. The Power Grid Equipment concept is gaining strength, with Guangdong Shunna Electric and Shanghai Guangdian Electric Group also reaching their price limits; retail stocks are repeatedly active, with Fujian Dongbai, Zhongbai Holdings Group, and Gansu Guofang Industry & Trade hitting their price limits. Some bank stocks have retreated again, with Bank Of Jiangsu and China Construction Bank Corporation falling by over 1%.
The Big Plane concept led the gains with multiple stocks including Henan Tong-Da Cable hitting the ceiling.
Multiple stocks including Henan Tong-Da Cable, Aecc Aero Science And Technology, Sichuan Chengfei Integration Technology Corp.Ltd., Lihang Technology, and Lian Shi Aviation hit the ceiling. In news, China Eastern Airlines plans to start using the domestically produced Big Plane C919 from January 1, 2025, to operate round-trip flights between "Shanghai Hongqiao and Hong Kong," officially starting the commercial operation of domestically produced Big Planes on regional routes. China Eastern will also become the first airline to operate regular commercial flights to Hong Kong using the C919.
Grain concept stocks continued to rise, with Shennong Seed and others rising over 10%.
Shennong Seed Industry, Winall Hi-tech Seed, and Kangnong Seed Industry jumped over 10%, while Qiule Seed Industry, Hefei Fengle Seed, and Yuan Longping High-Tech Agriculture saw notable increases. From the National Food and Strategic Reserves Administration, it is learned that China is coordinating market-oriented purchases and policy reserve storage, continuously optimizing services for agricultural and business enterprises, and facilitating farmers' grain sales channels. The total grain purchase volume for the year is expected to remain at a high level, with an estimated grain purchase volume of around 840 billion jin in 2024, stabilizing above 800 billion jin for two consecutive years.
The Spring Festival holiday travel peak is approaching, leading to a general rise in the retail and tourism sectors.
Dongbai Group, Zhongbai Holdings Group, Gansu Guofang Industry & Trade, and Wushang Group hit the limit up, while Hunan Friendship & Apollo Commercial and Dalian Sunasia Tourism Holding rose over 5%, and Changbai Mountain Tourism, Yunnan Tourism, and Guangzhou Lingnan Group Holdings increased over 4%. It is reported that the Spring Festival in 2025 is approaching, with the holiday period from January 28 to February 4, totaling 8 days. As one of the longer holidays of the year, it is also a peak travel period for residents, significantly increasing consumer travel demand. Recently, the State Council issued opinions on promoting the high-quality development of service consumption. The opinions propose to advance the integrated development of commerce, tourism, culture, sports, and health, introduce various types of characteristic tourism products, encourage the development of new business forms such as cruise yachts, RV camping, and low-altitude flying, and support the integrated development of "music + tourism," "performance + tourism," and "event + tourism." (Gelonghui)
Bank stocks have once again retreated, with China Construction Bank Corporation falling over 2%.
Bank Of Jiangsu, Bank Of Beijing, Postal Savings Bank Of China, Bank of Shanghai, Chongqing Rural Commercial Bank, China Construction Bank Corporation, Bank Of China, and Qilu Bank all fell by over 1%.
