Midday Review: The Shanghai Composite Index rose 0.54% in half a day, standing above 3,400 points, with the rare earth permanent magnet sector collectively strengthening

The three major indices collectively rose in the morning session. By the lunch break, the Shanghai Composite Index was up 0.54%, surpassing 3,400 points, the Shenzhen Component Index rose 0.89%, and the ChiNext Index increased by 1.29%, while the Beijing Stock Exchange 50 Index fell by 0.12%. The total market turnover for the half-day was 809.9 billion yuan, an increase of 1.7 billion yuan compared to the previous day. Over 3,500 stocks in the market rose. In terms of sectors, rare earth permanent magnets, energy metals, and automotive parts led the gains, while the CRO concept sector saw the largest declines. On the market, the rare earth permanent magnet sector surged, with BGRIMM Tec achieving a three-day limit-up, and Zhongke Magnetic Materials, Huayang New Materials, and Ningbo Yunsheng hitting the daily limit. The automotive parts concept also saw significant gains, with QuanFeng Automotive, Dingshengli, Jin Qilin, and Xishanghai among several stocks hitting the daily limit. The large financial concept rebounded, with Nanhua Futures and Xinda Securities hitting the daily limit. The CRO concept fluctuated downward, with Lianhua Technology nearing the daily limit down