As of the midday closing, the Shanghai Composite Index fell 0.42% to 2889.62, the Shenzhen Component Index rose 0.13%, and the Chinext Price Index rose 0.1%. Over 4300 individual stocks increased.
The main A-share indexes are mixed. As of midday closing, the Shanghai Composite Index fell 0.42% to 2,889.62, the Shenzhen Component Index rose 0.13%, and the ChiNext Price Index rose 0.1%. Over 4300 stocks rose, and the turnover of both markets in the morning was 385.7 billion yuan, a decrease of 16.6 billion yuan over the previous day.
On the market, photovoltaic stocks continued to rise, with auxiliary materials such as film and glass leading the way. More than ten stocks, including Flat Glass Group, Jolywood, and Clenergy Technology, rose by the limit; brokerage stocks shook and rose, with Guangdong Golden Dragon Development Inc. and Guosheng Financial Holding Inc. both up by the limit; the concept of smart online car-hailing became active again, and Dazhong Transportation(Group) Co., Ltd. and Sichuan Fulin Transportation Group rose by the limit, while Shanghai's self-driving taxis are expected to be open to the public in August; the energy metals sector rose, with Tianqi Lithium Corporation up nearly 5% and Ganfeng Lithium rising by more than 3%; wind power, electric machine, and gaming sectors rose ahead.
Banking stocks fell across the board, with Minsheng Bank down more than 4% and Bank of Beijing down more than 3%; international gold prices fell, and the precious metals sector fell. Beijing Xiaocheng Technology Stock fell more than 7%, while Zhongjin Gold Corp.,Ltd. fell more than 6%; the China Shipbuilding Industry Group Power Companies' stocks fell, with CSSC Offshore & Marine Engineering falling nearly 5% and China Shipbuilding Industry Group Power down by more than 3%. Leading declining sectors include Copper Cable High Speed Connection, Components, and Coal.
Photovoltaic stocks continued to rise, and more than ten stocks, including Flat Glass Group, rose by the limit.
Auxiliary materials such as film and glass led the rise, and over ten stocks, including Flat Glass Group, Jolywood, Clenergy Technology, Zhongqi New Material, and Hangzhou First Applied Material, rose by the limit. On the news front, on July 24, at the 2024 Photovoltaic Industry Supply Chain Development (Wenzhou) Forum, the China Photovoltaic Industry Association issued six proposals, including strengthening the authoritative traceability capability of standard batteries and strengthening battery comparison testing and technical exchanges between different companies. So far, more than 10 photovoltaic companies, including Longi Green Energy Technology, Trina Solar Co., Ltd., and Zhejiang Chint Electrics, have signed contracts.
Brokerage stocks shook and rose, with Guangdong Golden Dragon Development Inc. and Guosheng Financial Holding Inc. both up by the limit.
Guangdong Golden Dragon Development Inc. and Guosheng Financial Holding Inc. were both limit up, with Tianfeng Securities, Xiangcai Co.,Ltd, Shouchuang Securities, and Chinalin Securities following. In the first half of this year, many small and medium-sized brokerage firms achieved net income growth, with Redtower Securities, Dongxing Securities, and Shouchuang Securities all expecting net income to rise by more than 50% year-on-year, except for Huaan Securities and Guoyuan Securities.
The concept of smart online car-hailing became active again, with Sichuan Fulin Transportation Group rising by the limit.
Dazhong Transportation(Group) Co., Ltd. and Sichuan Fulin Transportation Group rose by the limit, while Guangdong Brandmax Marketing rose nearly 14%, Guangdong Golden Dragon Development Inc. and Shanghai Jin Jiang Online Network Service rose more than 9%, Hainan Haiqi Transportation Group, Youon Technology, and Heilongjiang Transport Development all rose more than 5%. On the news front, according to intelligent driving enterprise Saizhi Intelligent, the company previously obtained the license to apply for demonstration application of unmanned driving taxis in Shanghai without drivers at the World Artificial Intelligence Conference, which is expected to be open to the public in August.
Banking stocks fell across the board, with Minsheng Bank down more than 4%.
Minsheng Bank fell more than 4%, Bank of Beijing fell more than 3%, Qilu Bank, China CITIC Bank, China Merchants Bank, Jiangsu Suzhou Rural Commercial Bank, Shanghai Pudong Development Bank followed suit.
As international gold prices fell, the precious metals sector declined.
Beijing Xiaocheng Technology fell more than 7%, Zhongjin Gold Corp., Ltd. fell more than 6%, Shandong Yulong Gold, Hunan Gold Corporation fell more than 5%, Hunan Silver, Shandong Gold, Chifeng Jilong Gold Mining, Sichuan Gold followed the decline.
