April 7 Midday Market Wrap: ChiNext Index Surges and Recedes to Drop 0.46%, Chemical Sector Collectively Rallies

The Shanghai Composite Index fluctuated in positive territory during the morning session, while the ChiNext Index surged and then retreated. The chemical sector saw a collective rally, with over ten stocks including QIXIANG TENGDA, SMIC, and JINNIU CHEMICAL hitting the daily limit. The organosilicon sector surged, with Dongyue Silicone, Wynca, and Hoshine Silicon hitting the daily limit. Computing power hardware stocks rose, with Huiyuan Communications recording its third consecutive daily limit, and Tongyu New Materials, Huamai Technology, and others hitting the daily limit. Pork stocks advanced, with Leshan Giantstar Farming & Husbandry, China Animal Husbandry, and Zhejiang Huatong Meat Products hitting the daily limit. Advancing stocks outnumbered decliners, with over 3,800 stocks across the Shanghai, Shenzhen, and Beijing markets trading in positive territory. Morning turnover reached 1.08 trillion yuan. At the midday close, the Shanghai Composite Index rose 0.03%, the Shenzhen Component Index fell 0.2%, and the ChiNext Index fell 0.46%.