More than 4,700 shares rose and the total transaction volume for the day was 654.2 billion yuan, a decrease of 136.3 billion yuan from the previous day.
Today, the three major indexes of A shares opened high and fell, and the Shanghai and Shenzhen Component Index rebounded and rose at the end of the day.
As of the close, the Shanghai Composite Index rose 0.23% to 2867 points, the Shenzhen Component Index rose 0.82%, and the Chinext Price Index rose 1.25%. More than 4700 stocks rise, the total daily turnover is 654.2 billion yuan, a decrease of 136.3 billion yuan from the previous day.
On the stock market, the education sector continued to be active, with many stocks such as Kingswood Education and Technology rising; the photovoltaic equipment sector rose, with Cybrid Technologies up; the game sector rose across the board, with Shenzhen Bingchuan Network up more than 9%; the chemical pharmaceutical sector was strong, with Duori Medicine up 20%; SPD concept, AI pharmaceuticals and real estate services sectors were among the top gainers.
In addition, the railway and highway sector fell, with many stocks such as Dazhong Transportation and Jiangxi Changyun falling by the limit; the insurance sector weakened, with China Life Insurance falling more than 6%; the automobile whole vehicle, precious metals, and brokerage sectors fell the most.
Specifically:
Education stocks continued to rise, with Kingswood Education and Technology hitting a 20% limit, and Qtone Education Group up more than 11%. Shanghai Xinnanyang Only Education & Technology, Offcn Education Technology, Action Education, Beijing Kaiwen Education Technology and other stocks rose by the limit, and China Reform Culture Holdings and Doushen Education rose more than 5%. Chuanzhi Education and China Hi-Tech Group rose more than 5%, and Tong Shares rose more than 4%.
Photovoltaic stocks rebounded, with Leascend Technology, Cybrid Technologies, Hainan Drinda New Energy Technology, Hangzhou First Applied Material, Beijing Qianjing Landscape, and Euroasiatic Jinhua Energy Investment all hitting the limit. Ubiquitous Energy New Materials rose more than 10%, Ailu Energy and Hemai Stock rose more than 9%, Goodwe Power Supply Technology rose more than 8%, JA Solar Technology, Flat Glass Group, and DeYe Stocks rose more than 7%, Ginlong Technologies and Risen Energy rose more than 6%, Trina Solar Co., Ltd, Sineng Electric and Sungrow Power Supply rose more than 5%, and Jolywood rose more than 4%.
Gaming stocks rose, with Mingchen Health hitting the limit and Shenzhen Bingchuan Network up more than 9%. 37 Interactive Entertainment Network Technology Group rose more than 6%, Hubei Century Network Technology Inc. and G-Bits Network Technology rose more than 5%, and Hangzhou Electronic Soul Network Technology, Dasheng Times Cultural Investment, and Kingnet Network rose more than 4%. Shenzhen Zqgame and Shanghai Yaoji Technology rose more than 3%.
Medical stock prices rose strongly, with Staidson up more than 13%, Fujian Cosunter Pharmaceutical up more than 12%, and Xiangxue Pharmaceutical hitting a 20% limit. Fo prescribing, Qingdao Vland Biotech Inc., and Guangxi Hechi Chemical all hit the limit, and Hongbo Pharmaceutical rose more than 5%.
Wind power stocks soared, and Feiwo Technology hit the limit, with Luoyang Xinqianglian Slewing Bearing up more than 8%, Jinlei Technology and Shanghai Taisheng Wind Power Equipment up more than 4%, and Haili Wind Power up more than 3%.
Big financials weakened, with Guangdong Golden Dragon Development Inc. down by the limit, China Life Insurance down more than 6%, China Pacific Insurance down more than 5%, Guosheng Financial Holding Inc. down more than 4%, Xiangcai Co., Ltd. down more than 3%, and New China Life Insurance and Ping An Insurance down more than 2%.
Gold stocks continued to fall, with Beijing Xiaocheng Technology down more than 3%, and Chifeng Jilong Gold Mining and SD Gold down more than 2%.
Online car-hailing sector plunged, with jiangxi changyun, shanghai jin jiang online network service, dazhong transportation(group)co.,ltd., shenzhen jiakang medicine, heilongjiang transport development limit down, sichuan fulin transportation group dropped more than 7%, nanjing public utilities development dropped more than 5%.
Auto stocks tumbled, with xiamen king long motor group, zotye automobile limit down, anhui ankai automobile dropped more than 4%, haima automobile dropped more than 3%.
At the individual stock level, ttd technology opened at the limit near noon, fell to the limit again in the afternoon, and staged a ground-sky-ground performance during the day, with a turnover rate of nearly 85%.
Looking forward, CICC believes that asset prices may have already reflected overly pessimistic expectations, and A-share valuations have regained strong attractiveness; at the same time, recent policy thinking has shown positive adjustments, so there is no need to be overly pessimistic about the future market performance, and it is expected to gradually improve after positive changes in policies and fundamentals.
In terms of allocation, focus on the technology innovation sector, especially sectors with independent industry logic; the long-term logic of dividend assets remains unchanged, but in the future, more attention needs to be paid to the basic fundamentals and dividend sustainability of individual stocks; the export chain industry and globally priced resource products may have configuration opportunities after experiencing a significant adjustment.