Major A-share indices fluctuated in early trading. As of the midday close, the Shanghai Index rose 0.01% to 3044.17 points, the Shenzhen Stock Exchange Index fell 0.15%, and the GEM index fell 0.23%. More than 2,100 shares rose. The two markets traded 626.5 billion yuan in half a day, and the net purchase of Northbound Capital exceeded 3.1 billion yuan.

On the platePrices of commodities such as gold, copper, and silver rose overnight; the non-ferrous metal sector collectively strengthened; the gold and northern copper industries rose and stopped; innovative pharmaceutical stocks collectively surged, and many stocks such as Zhaoyan New Pharmaceutical rose and stopped, and the Internet published a document requesting comments on the major innovative drug industry; the travel sector rose, and Lijiang shares rose by more than 4%; and the airport, environmental protection, and poster sectors rose the most. The concept of skit games declined, with Ciwen Media and Zangyue Technology falling more than 6%; the liquid-cooled server concept fluctuated and weakened, and IFF fell by more than 6%; sectors such as flying cars, defense and military, and education registered the highest declines.

Innovative drug stocks collectively surged, and many stocks such as Zhaoyan New Pharmaceutical rose and stopped

First Pharmaceutical Holdings and Tiger Pharmaceuticals rose and stopped by 20cm. Many stocks such as Zhaoyan Pharmaceutical, Sailong Pharmaceutical, and Luoxin Pharmaceutical rose and stopped. Betta Pharmaceuticals, Hisco, Hengrui Pharmaceuticals, Eddy Pharmaceuticals, Biotech, Junshi Biotech, and Colon Pharmaceuticals all strengthened collectively. According to the news, a document on the “Implementation Plan for Supporting the Development of Innovative Drugs in the Whole Chain (Draft for Comments)” was distributed online, which was interpreted by the market as a major benefit for the innovative drug industry.

The non-ferrous metals sector strengthened, and the precious silver industry and Dengyun shares rose and stopped

The gold and silver industries rose and stopped, the western mining industry rose more than 8%, Tongling Nonferrous rose more than 7%, Jiangxi Copper and Zijin Mining rose more than 5%, and Yunnan Copper and Baiyin Nonferrous followed suit. Overnight, London gold now rose 0.75% to $2,174.128. After closing 3% higher last night, LME copper continued to rise in the intraday market today, reaching a high of $89,76.5, a new high since April 2023. The price of silver also hit a new high. Regarding the subsequent trend in gold prices, Natasha Kaneva, head of global commodity research at J.P. Morgan Chase, said that the price of gold may rise to 2,500 US dollars this year.

The travel sector rose, and Lijiang shares rose more than 7%

Jiuhua Tourism rose nearly 6%, Lijiang shares rose more than 4%, and Tianmu Lake, Yunnan Tourism, Mount Emei A, and Changbai Mountain followed suit. According to the news, Meituan and Dazhong Dianping data showed that as of March 11, during the Qingming holiday (March 30 to April 6), the number of reservations related to long-term domestic tours and outbound travel increased dramatically, and the number of early reservations for overseas hotels increased threefold compared to last year. Among them, Thailand's year-on-year increase reached 7 times.

The skit game concept declined, Ciwen Media fell by more than 6%

Ciwen Media fell by more than 6%, Zhangyue Technology and Guomai Culture fell by more than 5%, while Chinese-Online, Huace Film and Television, and Shengguang Group followed suit.

The liquid-cooled server concept shook and weakened, and IFF fell more than 6%

Chuanrun Co., Ltd. fell to a halt, IFF and Sunsea Intelligence fell more than 6%, and Jingyan Technology and Qiangrui Technology followed suit. According to the news, IFF released its 2023 annual report. In 2023, it achieved operating revenue of 476.34 billion yuan, a year-on-year decrease of 6.94%; realized net profit of 21.04 billion yuan, an increase of 4.82% over the previous year.