---
title: "A-share midday review: Stock indices rebounded from the bottom and turned positive collectively, with the ChiNext rising 0.65% in half a day. The chemical concept surged, while non-ferrous metals and optical communication concept stocks rebounded, and the consumer sector declined"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275069033.md"
description: "The A-share market performed well on February 6, with the three major indices quickly rebounding after a low opening. The Shanghai Composite Index rose by 0.11%, while the Shenzhen Component Index and ChiNext both increased by 0.65%. Chemical, metal, and optical communication concept stocks showed strong performance, with several individual stocks hitting the daily limit. The consumer sector, on the other hand, generally declined. Traditional Chinese medicine concept stocks rose due to policy support, and the demand for traditional Chinese medicine continues to grow. Disperse dye concept stocks also rose against the trend"
datetime: "2026-02-06T03:57:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275069033.md)
  - [en](https://longbridge.com/en/news/275069033.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275069033.md)
---

# A-share midday review: Stock indices rebounded from the bottom and turned positive collectively, with the ChiNext rising 0.65% in half a day. The chemical concept surged, while non-ferrous metals and optical communication concept stocks rebounded, and the consumer sector declined

On February 6, the three major A-share indices were unafraid of the external market's sharp decline, quickly rebounding after a low opening to collectively turn positive. By midday, the Shanghai Composite Index rose by 4.40 points, an increase of 0.11%, reporting at 4080.31 points; the Shenzhen Component Index rose by 90.46 points, an increase of 0.65%, reporting at 14043.17 points; and the ChiNext Index rose by 21.17 points, an increase of 0.65%, reporting at 3281.45 points. The total trading volume in the Shanghai and Shenzhen markets reached 1.38 trillion yuan, with over 3,800 stocks in the market rising.

Market hotspots rotated quickly, with the chemical (core stocks) sector collectively strengthening, including stocks like Cangzhou Dahua, Jinniu Chemical, Baichuan Co., and Baihehua hitting the daily limit. The humanoid robot (core stocks) concept performed actively, with Wuzhou Xinchun, Liancheng Precision, and Tianqi Co. hitting the daily limit. The non-ferrous metals (core stocks) sector warmed up, with Hunan Gold and Xianglu Tungsten hitting the daily limit. The optical communication concept rebounded, with Hangdian Co. achieving 5 limits in 6 days. The traditional Chinese medicine concept opened actively, with Te Yi Pharmaceutical hitting the daily limit. On the downside, the consumer sector collectively fell, with liquor and tourism hotel stocks leading the decline; Huangtai Wine Industry hit the daily limit down, and Dalian Shengya reached the daily limit down.

**Multiple sectors rising against the trend become market highlights**

The traditional Chinese medicine (core stocks) concept opened high and rose, with Panlong Pharmaceutical and Te Yi Pharmaceutical both hitting the daily limit, and Longshen Rongfa, Biological Valley, and Yue Wannianqing opening over 12% higher, with Foci Pharmaceutical and Xintian Pharmaceutical following suit.

In terms of news, the Ministry of Industry and Information Technology and eight other departments issued the "Implementation Plan for the High-Quality Development of the Traditional Chinese Medicine (core stocks) Industry (2026-2030)," which proposes that by 2030, a collaborative development system for the entire industrial chain of traditional Chinese medicine will be initially formed, with a focus on enhancing the stable supply capacity of key traditional Chinese medicine raw materials. This provides strong support for the rise of the traditional Chinese medicine sector. As people's emphasis on health continues to increase, the unique advantages of traditional Chinese medicine in prevention, treatment, and rehabilitation are gradually being recognized, and the market demand for traditional Chinese medicine is expected to continue to grow. Additionally, policy support will also drive traditional Chinese medicine companies to increase R&D investment, improve product quality and innovation capabilities, further enhancing the overall competitiveness of the traditional Chinese medicine industry.

The disperse dye (core stocks) concept rose against the trend, with Runtu Co. hitting the daily limit, and stocks like Jinjis Co., Zhejiang Longsheng, Baihehua, Jianxin Co., and Cuhua Co. following suit.

Zhongyou Securities pointed out that the core driving force behind the recent price increase of disperse dyes (core stocks) comes from the soaring prices of upstream key intermediates, which are important raw materials for disperse dyes. Their prices have surged from 25,000 yuan/ton last year to 38,000 yuan/ton, an increase of over 50%. The rising costs have directly driven up the prices of disperse dyes, and the downstream textile printing and dyeing industry is gradually entering the production peak season after the Spring Festival, which is expected to increase the demand for dyes, providing a market foundation for the rise of the disperse dye concept. Furthermore, with the continuous improvement of environmental protection requirements, some small dye enterprises may exit the market due to non-compliance with environmental standards, leading to an expected increase in industry concentration, benefiting leading enterprises from the expansion of market share and pricing power.

The power grid equipment concept was active, with Sanbian Technology hitting the daily limit, and stocks like Shuangjie Electric, Baobian Electric, Ankao Zhidian, Huijin Tong, Xinte Electric, Wangbian Electric, and China Xidian following suit According to CCTV Finance, research in Guangdong, Jiangsu, and other regions has found that many transformer factories are operating at full capacity. This phenomenon is driven by the accelerated advancement of power grid construction. With the large-scale integration of renewable energy and the development of distributed energy, the demand for transformers in the power grid continues to increase. At the same time, the renovation and upgrading of aging power grids have brought new opportunities to the transformer market. Power grid equipment companies are continuously improving product performance and quality through technological innovation and product upgrades to meet the market demand for efficient, energy-saving, and environmentally friendly power grid equipment, thereby gaining a competitive advantage in the market.

However, the market is not entirely on the rise, and some sectors are experiencing adjustments.

The liquor (core stock) sector weakened at the beginning of the trading session, with Huangtai Liquor Industry hitting the daily limit down.

The liquor (core stock) industry is currently facing certain pressures. On one hand, the consumption peak around the Spring Festival has passed, leading to a decline in market demand; on the other hand, competition in the industry has intensified, with some small and medium-sized liquor companies adopting price reduction promotions to seize market share, which has impacted the overall price system of the industry. Additionally, the uncertainty of the macroeconomic environment has also affected liquor consumption.

The AI application sector has experienced a sharp decline, with Yaowang Technology and Zhewen Internet hitting the daily limit down.

Although the application prospects of AI technology are broad across various fields, the current development of the AI application sector still faces challenges, such as insufficient technological maturity and unclear business models. Investors have concerns about the profit expectations of AI application companies, leading to capital outflows and falling stock prices.

The optical module and CPO concept (core stocks) continue to adjust, with Yuanjie Technology and Xinyi Sheng falling over 6%.

Optical module and CPO technologies are key technologies in data centers and communications. However, as the market gradually digests expectations for related technologies and competition in the industry intensifies, the stock prices of some companies have experienced corrections.

**Institutional Views**

CICC believes that the "Wosh Impact" affects Chinese and American stocks and commodities, but in terms of Chinese stocks, there are currently no typical bull market top signals. Positive factors such as ample liquidity and marginal improvement in performance have not undergone substantial changes. From a medium to long-term perspective, the reconstruction of monetary order and the trend of the AI industry remain the core driving forces of the market. They continue to be optimistic about the revaluation process of Chinese assets, maintaining an overweight recommendation on Chinese stocks and suggesting to accumulate positions during market fluctuations.

Tianfeng Securities analyzes that market sentiment has reached a fragile state due to the rapid rise in gold prices earlier. Any change in news could trigger concentrated selling by short-term speculators. The "hawkish" expectations brought by the Wosh nomination may be the fuse for a significant drop in gold prices. However, market sentiment is weak, and short-term investors "taking profits" may be the main reason for the drop in gold prices. In the short term, gold may enter a period of wide fluctuations, with the potential to return to an upward trend within the year.

Huachuang Securities states that by reviewing the Spring Festival consumption promotion activities across the country, it has observed that this round of activities presents a distinct characteristic of "government-led, multi-party linkage, and full coverage." With strong policy support and a rich variety of activity offerings, the Spring Festival consumption market in 2026 is expected to see a strong recovery. Consumption data may exceed market expectations, laying a solid foundation for the continuous warming of the annual consumption market. They recommend actively focusing on leading enterprises in the catering, hotel, tourism, duty-free, and commercial retail sectors that benefit from innovative consumption scenarios and the rebound of residents' consumption enthusiasm More exclusive planning and expert columns in the stock channel, free to access \>\>

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