The major A-share indices opened low and went high. As of midday, the Shanghai Composite Index rose 0.98% to 2974.64 points, the Shenzhen Component Index rose 0.86%, and the Chinext Price Index rose 0.37%. Over 4500 stocks rose, with a total turnover of 405.5 billion yuan in the morning session, an increase of 18.7 billion yuan compared with the previous day.

On the plate, the coal sector strengthened, and Jinneng Holding Shanxi Coal Industry and China Shenhua Energy reached new highs for more than a decade during the intraday; electricity stocks continued to rise, and Hunan Chendian International Development and Xinzhongtian 2 consecutively hit the limit up; cross-border e-commerce concept stocks rose sharply, Guangxi Xinxunda Technology Group (新迅达) and Kaichun shares rose by 20%, and the Executive Meeting of the State Council deliberated and passed the "Opinions on Expanding Cross-border E-commerce to Promote Overseas Warehouse Construction"; port and shipping stocks generally rose, Phoenix Shipping rose by limit up, Cosco Shipping Holdings rose by more than 6%; logistics, precious metals and other sectors rose the most. The real estate development sector fell, Xinhualand fell by limit down; black appliances were mostly down, Sichuan Jiuzhou Electric fell by nearly 7%; consumer electronics, defense industry, military industry, semiconductors and other sectors fell the most.The consumer electronics concept led the gains, with Lingyi Itech, Furong Technology and other stocks rising by the daily limit; defense stocks fluctuated and rebounded, with Beijing Yuanliu Hongyuan Electronic Technology and Northern Long Dragon both rising by the daily limit. Institutions pointed out that orders for military industry chain enterprises are gradually recovering, and auto stocks continued to strengthen, with Zhongtong Bus rising 8%, Sokon Industry Group Stock and Lifan Automobile both rising more than 5%; the electric power equipment sector was strong, with Xltech Electric and SMS Electric rising by the daily limit; copper cable high-speed connection concept, low-altitude economy and nonferrous metals and other sectors rose the most. Baijiu stocks fell, with Luzhou Laojiao and Anhui Gujing Distillery both falling more than 2%.

The consumer electronics concept led the gains, with Lingyi Itech and other stocks rising by the daily limit.

Dongguan Chitwing Technology, Lingyi Itech, Dongguan Jierong Technology, Sichuan Furong Technology, and Shenzhen Deren Electronic all rose by the daily limit, with Zhixin Electronics, Yinbang Clad Material, Shenyu Communication Technology, DBG Technology, and Zhongying Electronics among the top gainers.

Defense stocks fluctuate and rebound, with the Northern Long 20CM hitting the limit up.

Northern Long Dragon and Beijing Yuanliu Hongyuan Electronic Technology rose by the daily limit, Zhimingda rose more than 10%, Zhuzhou Hongda Electronics, Leidian Weili, and Huafeng Technology rose more than 7%, and Wuxi Hyatech, Xi'an Triangle Defense, Hangyu Technology, and Fujian Torch Electron Technology all rose more than 5%. On the news front, Zheshang Securities Research Report pointed out that with the gradual recovery of orders for military industry chain enterprises in 2024, related fields such as military electronics and military communications are expected to benefit fully. The national defense military industry is expected to usher in an accelerated period of weapon equipment modernization and digital upgrading.

Copper cable high-speed connection concept stocks soared, Shenzhen Woer Heat-Shrinkable Material was the first to hit the limit.

Shenzhen Woer Heat-shrinkable Material and Kaiwang Technology both rose by the daily limit, with Shenyu Communication Technology rising more than 11%, and Xianying Technology, Huafeng Technology, Shenglan Technology, and Dongguan Dingtong Precision Metal among the top gainers. On the news front, LightCounting pointed out that from 2023 to 2027, the high-speed copper cable market will continue to expand at an annual compound growth rate of 25%, and the high-speed copper cable shipment is expected to reach 20 million in 2027.

Xltech Electric, Desay Battery and SMS Electric all rose by the daily limit.

Xinling Electric, Shenzhen Desay Battery Technology, and SMS Electric all rose by the daily limit, with Suzhou Industrial Park Heshun Electric rising more than 15%, Jinlihua Electric, Jiangsu Tongguang Electronic Wire&Cable, Yangtze Electric Technology, Henan Pinggao Electric, Ourgame, and Shenzhen Auto Electric Power Plant among the top gainers.