Midday Review: The three major indices have all fallen over 1% in the first half of the day, with nearly 5,000 stocks in the entire market declining
The three major indices collectively fell in early trading. By the lunch break, the Shanghai Composite Index was down 1.23%, the Shenzhen Component Index was down 1.84%, the ChiNext Index was down 1.75%, and the Beijing Stock Exchange 50 was down 3.05%. The total transaction volume in the Shanghai, Shenzhen, and Beijing markets reached 171.35 billion yuan, an increase of 35.79 billion yuan compared to the previous day. Nearly 5,000 stocks in the entire market declined. In terms of sectors, banking, port shipping, and insurance sectors saw the largest gains; while tourism and hotels, Huawei concept, real estate, CRO, and internet finance sectors experienced the largest declines. On the market, the tourism and hotel sector plummeted, with Yunnan Tourism hitting the daily limit down, and Huazhang Hotel, Tibet Tourism, and Caesar Travel all experiencing significant drops. The film and television cinema sector weakened during the session, with Jinyi Film hitting the daily limit down for three consecutive days, and China Film and Huayi Brothers following suit. CRO concept stocks also underperformed, with Medicy, Zhaoyan New Drug, and Dezhan Health leading the declines. On the other hand, the banking sector rose against the trend, with Nanjing Bank rising over 5% during the session, and Agricultural Bank, China Construction Bank, and Xiamen Bank all climbing. The port shipping sector was active, with Nanjing Port and Ningbo Shipping hitting the daily limit up. Humanoid robot concept stocks showed strength in parts, with Dayang Electric hitting two consecutive limits up, and Hengshuai Co., Hongchang Technology, and Heertai reaching new highs during the session. In addition, the semiconductor, solid-state battery, and consumer electronics sectors saw a temporary surge
