As of the midday closing, the Shanghai Composite Index fell 0.04% to 2855.56 points, the Shenzhen Component Index fell 0.48%, and the chinext price index fell 0.48%.
The main indexes of the A-share market have adjusted. As of the midday close, the Shanghai Composite Index fell 0.04% to 2855.56 points, the Shenzhen Component Index fell 0.48%, and the ChiNext Price Index fell 0.48%. Over 3600 stocks have declined, with a total trading volume of 336.8 billion yuan in the morning session, an increase of 18.6 billion yuan compared to the previous day.
On the market, bank stocks continue to rise, with bank of shanghai, postal savings bank of china, and bank of communications among many stocks reaching new highs for the year. The solid state battery concept continues to be strong, with guangzhou great power energy and technology, and meifu battery up 20 cm. There is some change in the commercial aerospace concept, with shaanxi fenghuo electronics and toread holdings group both up. Home textiles, power grid, and home appliance sectors are leading the gains. The consumer csi 360 index has performed poorly, with baijiu(chinese liquor) and daily chemicals leading the decline in high-end consumer direction, imeik technology development falling more than 10% to a near 4-year low. The black mythology concept stocks continue to adjust, with zhejiang version of the media industry falling more than 7%. The company announced that it is only the publisher of "Black Mythology: Wu Kong" and does not participate in the game revenue sharing. Consumer electronics concept stocks are trending lower, with edifier technology and shenzhen longood intelligent electric both down more than 7%. The education, agriculture, and semiconductor sectors are leading the declines.
Bank stocks continue to rise, with Bank of Shanghai and other stocks hitting new highs this year.
Bank stocks maintained their strength in the morning, with Bank of Shanghai, bank of jiangsu, postal savings bank of china, bank of communications hitting new highs for the year, and bank of china, china construction bank corporation hitting historical highs again.
The solid state battery concept continues to be strong, with guangzhou great power energy and technology up the 10% daily limit.
Penghui Energy and Mengguli both closed up by 20cm, Liyuanheng, Liwang Stock, and Changhong Energy Sanxiang Advanced Materials and others rose more than 5%. On the news front, Penghui Energy official WeChat account announced that a major breakthrough has been made in solid-state batteries and the physical debut is coming soon. The 2024 Penghui Energy product technology release conference will be held on August 28th, and a series of blockbuster new products will be released.
Black Myth Wukong concept stocks continue to adjust, Huayi Brothers fell more than 11%.
Huayi Brothers fell more than 11%, Hangzhou Gaoxin fell more than 8%, Zhejiang Edition Media fell more than 7%, China Tourism and Culture, Zhishang Technology, Hisense Visual Technology, CITIC Publishing all fell. On the news front, Zhejiang Edition Media released an announcement on abnormal stock trading fluctuations and risk warnings last night. The company's stock has had cumulative deviation from the increase for three consecutive trading days from August 19th to 21st, exceeding 20%, which is considered abnormal volatility. Recently, investors and media have inquired whether the company can obtain sales revenue from the game "Black Myth Wukong". The company is only the publisher of the game "Black Myth Wukong", providing game content review, publishing application, and publication number application services, and does not participate in game revenue sharing.
The consumption sector performed poorly, IMEIK Technology fell more than 10%, hitting a new low in nearly four years. Medical aesthetics, baijiu (Chinese liquor), and daily chemicals led the decline. Shanghai Jahwa United fell more than 8%, Hainan Yedao, Shanghai Gujiju, and Jiangsu King's Luck Brewery Joint-Stock were among the top decliners. On the news front, Shanghai Jahwa United and Shede Spirits both experienced a year-on-year net income decline of over 20% in the first half of the year, while IMEIK Technology's net income growth rate for the second quarter dropped to single digits.
The high-end consumption sectors such as medical aesthetics, baijiu (Chinese liquor), and daily chemicals led the decline. IMEIK Technology fell more than 10%, reaching a new low since October 2020. Shanghai Jahwa United and Shede Spirits fell more than 8%, while Hainan Yedao, Shanghai Gujiju, and Jiangsu King's Luck Brewery Joint-Stock were among the top decliners. On the news front, Shanghai Jahwa United and Shede Spirits both saw a year-on-year decline of over 20% in net income for the first half of the year, and IMEIK Technology's net income growth rate for the second quarter dropped to single digits.
