As of the noon close, the Shanghai Composite Index rose 0.36% to 3026.61 points, the Shenzhen Component Index rose 0.48%, and the chinext price index rose 0.62%.
Major A-share indexes opened low and rose, with the Shanghai Composite Index rising 0.36% to 3,026.61 at noon, the Shenzhen Component Index rising 0.48%, and the ChiNext Price Index rising 0.62%. Over 4,000 stocks rose, with a total turnover of 452.3 billion yuan in the morning, up 37.8 billion yuan from the previous day's volume.
On the stock market, the CarNetworking concept continues to rise, Soling Shenzhen Industrial Co., Ltd. increased for two consecutive days, Huaming Intelligent Terminal Equipment, Hongquan IoT, Tongda Auto-Electric and other stocks rose by the limit, and numerous regions released CarNetworking and integration projects. The copper high-speed connector concept rose, Mentech Optical & Magnetic rose by the limit, Kaiwang Technology rose more than 9%; the low-altitude economy concept rose, Guangzhou Hi-Target Navigation Tech and Beijing Beetech Inc. both hit the daily limit of 20%, the Xiaopeng Heitech Flight Auto Traveler X2 completed its maiden flight in the airspace economy zone of Beijing Daxing International Airport; the auto stocks rose, Lifan Technology rose more than 6%, and Haima Automobile rose nearly 5%; communications equipment, auto parts, precious metals and other sectors led the gains. Some electric power stocks fell, with Dalian Thermal Power falling nearly 5%, and Huitian Thermal Power falling 4%; baijiu stocks fell across the board, with Gujing Gongjiu falling nearly 3% and Yingjia Gongjiu falling more than 1.6%.
The CarNetworking concept continues to rise, Soling Shenzhen Industrial Co., Ltd. increased for two consecutive days.
Soling Shenzhen Industrial Co., Ltd. increased for two consecutive days, and many other stocks, such as Huaming Intelligent Terminal Equipment, Hongquan IoT, Tongda Auto-Electric, and Shenzhen Genvict Technologies, hit the limit, with GOSUNCN Technology Group, Hamaton Automotive Technology, Kangxi Communication, Zhengzhou Tiamaes Technology, and other companies leading the gains. In recent news, Wuhan's CarNetworking and integration major demonstration project was approved by the municipal development and reform commission with a record amount of up to 17 billion yuan, following Beijing's release of nearly 10 billion yuan worth of CarNetworking and integration projects. Fuzhou, Inner Mongolia Erdos Resources, Chongqing, and other cities have also launched CarNetworking and integration construction and planning work.
The copper high-speed connector concept rose, with Mentech Optical & Magnetic hitting the limit.
Mentech Optical & Magnetic hit the limit, Kaiwang Technology rose more than 9%, Huafeng Technology rose more than 6%, and Nanjing Huamai Technology, Broadex Technologies, Shenyu Communication Technology Inc. and other companies led the gains. In recent news, Guangzhou-based electronic manufacturer Foxconn announced that servers featuring Nvidia's GB200 GPU will begin mass production in September 2024. It is reported that GB200 is the first to adopt a high-speed copper cable solution, with a single NVL72 copper cable valued at about 500,000 yuan. LightCounting noted that the high-speed copper cable market will continue to expand at a compound annual growth rate of 25% from 2023 to 2027, with high-speed copper cable shipments expected to reach 20 million in 2027.
Auto stocks rose, with Lifan Technology rising more than 6%.
Lifan Technology rose more than 6%, Haima Automobile rose nearly 5%, Sokon Industry Group Stock rose more than 4%, and Zotye Automobile, Xiamen King Long Motor Group, Chongqing Changan Automobile and other stocks followed suit. In recent news, the National Development and Reform Commission held a press conference in June, stating that it will work with relevant parties in the future to promote the transformation and upgrading of the auto industry and the optimization and reorganization of enterprises, enhance technological innovation and the supporting capabilities of the industry chain, strengthen international cooperation, and continue to promote the high-quality development of the new energy auto industry.
The low-altitude economy concept rose, with Guangzhou Hi-Target Navigation Tech hitting the limit.
Guangzhou Hi-target Navigation Tech and Beijing Beetech Inc. hit the limit up, Hebei Jianxin Chemical rose more than 15%, Superjet Co., Ltd., Zhejiang Jindun Fans, and CHTC Helon Co., Ltd. rose more than 9%, and Nanjing Julong Science & Technology, Shenzhen Sunwin Intelligent, Huami New Materials, etc. followed the trend. On the news front, on June 16th, Xiaopeng Huitian's Flyer X2 officially completed its first flight in the Lekong Economic Zone of Beijing Daxing International Airport. Xiaopeng Huitian previously stated that it is expected to begin pre-selling Xiaopeng Huitian's split-type flying car exploring split-type flying cars for intercity commuting in the fourth quarter of 2024.
