Midday Review: The ChiNext Index fell over 1% in the first half of the day, with several Shenzhen local stocks rising against the trend

The three major indices collectively fell in the morning session. As of the lunch break, the Shanghai Composite Index dropped by 0.66%, the Shenzhen Component Index fell by 0.87%, the ChiNext Index decreased by 1.1%, and the Beijing Stock Exchange 50 declined by 1.75%. The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 1,058 billion yuan, a decrease of 29 billion yuan compared to the previous day. Over 3,800 stocks in the entire market declined. In terms of sectors, the Shenzhen state-owned enterprise reform, coal mining and processing, film and television cinema, port shipping, energy metals, tourism, and hotel sectors saw the largest gains; while the engineering machinery, cultivated diamonds, CPO, precious metals, and semiconductor sectors experienced the largest declines. On the market, local stocks in Shenzhen surged collectively, with IBR hitting the 20% limit up, and stocks like GRANDLAND GROUP, Shenzhen Saiseg, and Shenzhen Properties A also hitting the limit up. The coal sector continued its upward trend, with stocks like Shaanxi Black Cat, Shanxi Coking Coal, and Yunmei Energy hitting the limit up during the session. The port shipping sector also saw a rise, with Qin Port shares hitting the limit up. In addition, the film and television cinema, energy metals, and banking sectors showed some fluctuations during the session. On the other hand, the engineering machinery, cultivated diamonds, and oil and gas extraction sectors in the deep earth economic industrial chain collectively adjusted, with stocks like Shanhe Intelligent, Construction Machinery, Power Diamond, Sifangda, and Zhun Oil shares experiencing significant declines. CPO concept stocks also saw fluctuations and adjustments, with Weirgao and Dongtianwei dropping over 10%, while Tianfu Communication, Changfei Optical Fiber, and New Yi Sheng followed suit