--- title: "Brokerage firms' rebound in the liquor sector failed! A-shares witnessed extreme bloodletting again: \"Yi Zhongtian\" recorded a massive volume of 116.2 billion, Zhongji Innolight 49.7 billion, ranking 6th in A-share history, equivalent to 19 Industrial and Commercial Banks, 29 PetroChina, and the top 10 trading volumes are all technology stocks" type: "News" locale: "en" url: "https://longbridge.com/en/news/290814535.md" description: "A-shares show extreme differentiation again, with a transaction volume of 3.62 trillion yuan. Technology stocks dominate the market, with individual stocks in the AI industry chain such as Zhongji Innolight experiencing explosive trading, and the top ten are all technology stocks; meanwhile, traditional sectors like liquor and brokerage firms failed to rebound, with significant capital outflow. Despite the index rising, nearly 4,300 stocks fell, indicating a clear structural imbalance in the market" datetime: "2026-06-25T10:25:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290814535.md) - [en](https://longbridge.com/en/news/290814535.md) - [zh-HK](https://longbridge.com/zh-HK/news/290814535.md) --- # Brokerage firms' rebound in the liquor sector failed! A-shares witnessed extreme bloodletting again: "Yi Zhongtian" recorded a massive volume of 116.2 billion, Zhongji Innolight 49.7 billion, ranking 6th in A-share history, equivalent to 19 Industrial and Commercial Banks, 29 PetroChina, and the top 10 trading volumes are all technology stocks On Thursday, the A-share market showed a differentiated trend again, with the Shanghai Composite Index slightly rising by 0.23% to 4,120 points, the Shenzhen Component Index soaring by 1.82%, the ChiNext Index increasing by 2.84% to reach a new historical high, and the STAR Market 50 rising by 3.87%, also hitting a new high. In the entire market, 4,228 stocks fell, while 1,231 stocks rose, with a total trading volume of 3.62 trillion yuan, an increase of about 310 billion yuan compared to the previous trading day, and the net outflow of main funds in the market exceeded 21 billion yuan. In terms of individual stocks, Zhongji Innolight had a transaction volume of 49.7 billion yuan, ranking first, and is ranked 6th in A-share history, but its stock price only slightly rose by 0.86%, experiencing wide fluctuations throughout the day. NewEase Technology and Zhaoyi Innovation ranked 2nd and 3rd with 40.6 billion and 38.4 billion yuan, both companies surged by 10%. Other stocks with transaction volumes exceeding 20 billion yuan included BOE Technology Group, Tianfu Communication, Lanke Technology, Cambricon Technologies, Baiwei Storage, Haiguang Information, Dongshan Precision, and Zhongtian Technology, all of which saw significant increases, with Baiwei Storage rising over 15%. It is worth noting that the top ten trading volumes today were all AI industry chain technology stocks, with "Yi Zhongtian" included, and the three companies had a total transaction volume of 116.2 billion yuan. It was another bleak day for the "Old Deng" stocks, with liquor (core stocks) and securities making a brief comeback in the morning but quickly collapsing, with only Dongfang Fortune entering the top 20 in trading volume. Kweichow Moutai had a transaction volume of 5.86 billion yuan today, and Industrial and Commercial Bank of China (core stock) continued to shrink to 2.57 billion yuan, while the record low China Petroleum only reached 1.72 billion yuan. Zhongji Innolight's transaction volume was approximately 8.5 times, 19.3 times, and 28.9 times that of Moutai, the Universe Bank, and China Petroleum, respectively. Market participants pointed out that all six major indices rose today, but nearly 4,000 stocks fell, indicating extreme differentiation in the market. From a balanced perspective, this kind of unbalanced differentiation will not last long. The longer it continues, the closer it is to the end of this differentiation. As we enter another phase of differentiation where indices are weak but individual stocks are strong, the difficulty of operations will significantly decrease. This is not a bull market; it is a volatile market, and operating in a moderate, stable, and safe manner during the volatility period is the best approach. 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