Market Overview
China's A-share market maintained its strong momentum today, with all three major indices closing higher at midday. The Shanghai Composite Index briefly broke above the 4100-point level for the first time since late July 2015, ending the morning session up 0.30% at 4095.33 points. The Shenzhen Component Index rose 0.57%, and the ChiNext Index gained 0.10%. Trading was exceptionally active, with the combined half-day turnover for the Shanghai, Shenzhen, and Beijing markets reaching 2,081.9 billion yuan, a significant increase of over 300 billion yuan from the previous session. This marks the ninth consecutive trading day with turnover exceeding 2 trillion yuan. More than 2,300 stocks advanced across the board, indicating positive market sentiment.
Analysis of Hot Sectors
- Commercial Aerospace & Military Equipment: The sector erupted again, with nearly 20 stocks hitting their daily limit-up, becoming the market's strongest theme. Aerospace ETF Tianhong and Satellite ETF Penghua both rose over 3%.
- Minor Metals & Rare Earths: Driven by upward revisions in global commodity price forecasts and revaluation of strategic resources, the sector continued its upward trend. Stocks like Yunnan Chihong Zinc & Germanium Co., Ltd. (002428.SZ), Ningxia Orient Tantalum Industry Co., Ltd. (000962.SZ), and Xiamen Tungsten Co., Ltd. (600549.SH) reached new highs, boosting ETFs like Rare Earth ETF E Fund.
- Gold & Non-ferrous Metals: Barclays' significant upward revision of price forecasts for gold, silver, and copper boosted related sectors. A-share gold concept stocks strengthened, while Hong Kong's Zhaojin Mining hit a record high intraday. A Citigroup report also expressed optimism about Laopu Gold, noting its gross margin has recovered to above 40%.
- Retail Stocks: The sector gained strength during the session, with multiple stocks like Maoye Commercial Co., Ltd. (600828.SH), Guangzhou Baiyun International Airport Co., Ltd. (Note: Correction - This is an airport stock. The correct retail stock is Grandbuy Co., Ltd. (002187.SZ)), and Yinzuo Co., Ltd. (600858.SH) hitting the daily limit-up.
- Robotics Concept: Capital continued to chase this theme. Fenglong股份 (002931.SZ) achieved its 11th consecutive limit-up (the company has repeatedly issued risk warnings), while Runze Technology (300442.SZ) and Lens Technology (300433.SZ) were among the top gainers.
Other Key Points
- Hong Kong Market: The Hang Seng Index edged up 0.03% at midday, with tech stocks showing mixed performance, while gold and non-ferrous metal stocks were active.
- Macro & Industry: Large-denomination certificate of deposit (CD) rates continue to decline, with some bank products falling into the "0% range," highlighting the scarcity of attractive asset allocation options. China's Ministry of Commerce stated it will conduct an assessment and investigation into Meta's acquisition of the AI app Manus, serving as a compliance warning for AI startups going global.
- Individual Stock News: Deppon Logistics Co., Ltd. (603056.SH) was suspended from trading starting this afternoon due to its indirect controlling shareholder planning a significant matter.
Outlook
Supported by persistently high turnover, the market broke through a key psychological level. Sector rotation was orderly, with high-growth themes like commercial aerospace and rare earths, alongside inflation-hedge assets like gold, driving gains together. This suggests a coexistence of risk appetite and safe-haven demand. In the short term, attention should be paid to potential technical corrections after continuous gains and whether high trading volumes can be sustained.
This article does not constitute any investment advice. The stock market involves risks, and investing requires caution!