The main A-share indices were adjusted in early trading. As of the midday close, the Shanghai Index fell 0.26% to 3047.85 points, the Shenzhen Stock Exchange Index fell 0.15%, and the GEM Index fell 0.42%.
The main A-share indices were adjusted in early trading. As of the midday close, the Shanghai Index fell 0.26% to 3047.85 points, the Shenzhen Stock Exchange Index fell 0.15%, and the GEM Index fell 0.42%. Nearly 2,200 shares rose. The two markets traded 638.1 billion yuan in half a day, and the net sale of Northbound Capital sold 62 million yuan.
On the plateGaming and media stocks rebounded, and many stocks such as Ciwen Media rose and stopped; automotive stocks fluctuated and rose, with BAIC Blue Valley rising more than 9%, and preferential policies for automobile consumption were introduced in many places; CPO concept stocks continued to be active, with Mingpu OptoMagnetics 4 connected; and the education, defense, military, and auto parts sectors registered the highest gains. Pork stocks weakened, and Shennong Group fell more than 5%; the Chinese medicine sector pulled back, and Xiangxue Pharmaceutical fell more than 5%; and the real estate services, insurance, and securities sectors had the highest declines.
Gaming and media stocks rebounded, and many other stocks such as Ciwen Media rose and stopped
Zhongguang Tianze, Dasheng Culture, and Zhangyue Technology went up and down. As Sai Group rose nearly 15%, Changqu Technology rose nearly 13%, Ciwen Media, Guomai Culture, etc. followed suit. According to news, the Global Game Developers Conference will be held in San Francisco from March 18 to March 22. The conference will host hundreds of conferences covering various topics such as AI, VR, AR, audio, vision, and programming. Participating manufacturers include Microsoft, Google, Nvidia, Meta, Adobe, EPIC, Unity, Roblox, Tencent, and NetEase.
Auto stocks fluctuated, and BAIC Blue Valley rose more than 9%
BAIC Blue Valley rose more than 9%, Changan Automobile rose more than 4%, and Dongfeng Motor, JAC, Foton Motor, and Great Wall Motor had the highest gains. According to the news, the chief economist of CITIC Securities clearly stated that many cities have recently introduced preferential policies for automobile consumption, which strongly echoes the latest proposal in the “Report on the Work of the Government” to “boost mass consumption of intelligent connected new energy vehicles, electronic products, etc.”
CPO concept stocks continue to be active Mingpu Optoelectronics 4-Link
Mingpu Optoelectronics has 4 connected boards, Zhenyou Technology Zhang Chao 9%, Dongtian Micro, Juguang Technology, and Hongxin Electronics all rose by more than 6%, while Huiyuan Communications, Zhongtian Technology, and Tianfu Communications followed suit. According to the news, overnight, Nvidia rose more than 7%, increasing its market value by more than 150 billion US dollars in a single day, and the total market value reached 2.3 trillion US dollars.
Pork stocks weakened, Shennong Group fell more than 5%
Shennong Group fell more than 5%, and Superstar Agriculture and Animal Husbandry, Dongrui Group, Huatong Co., Ltd., and Aonong Biotech's Wen's Co., Ltd. followed suit.
The Chinese medicine sector pulled back, and Xiangxue Pharmaceutical fell more than 5%
Xiangxue Pharmaceutical fell more than 5%, Zoli Pharmaceutical fell nearly 4%, and BioValley, Weikang Pharmaceutical, Datang Pharmaceutical, and Jinhua Co., Ltd. fell more than 3%.
