As of the midday close, the Shanghai Composite Index fell by 0.52%, the Shenzhen Component Index fell by 0.02%, and the chinext price index fell by 0.15%.
In the morning session, the three major A-share indices fell together. As of the midday close, the Shanghai Composite Index fell by 0.52%, the Shenzhen Component Index fell by 0.02%, and the Chinext Price Index fell by 0.15%. The total turnover of the entire market in the morning was 1044.6 billion yuan, which was 76.5 billion yuan higher than the previous day, with over 2800 stocks rising.
On the market front, the internet e-commerce sector led the gains. Global top e-commerce and Kaichun Co., Ltd. hit the limit up. Last night, Taobao and JD.com launched the 'Singles' Day' promotion; Cross-border payment concept stocks rose in the morning, with Huafon Microfibre, Yusys Technologies, Zhejiang China Commodities City Group hitting the limit up. UnionPay International and Vietnam National Payment Corporation (NAPAS) signed a cooperation memorandum; Game stocks fluctuated and rose, Shenzhen ZQGame hit the 20cm limit up, Sichuan Xunyou Network Technology rose by over 10%, and institutions pointed out that China's mobile games performed well in overseas markets in September; Satellite navigation concept stocks rose across the board, with Thunderpower Micro-power, Hytera Communications Corporation, and others hitting the limit up. The Chinese Academy of Sciences, China National Space Administration, and the Office of China Manned Space Engineering jointly released the 'National Medium- and Long-term Development Plan for Space Science (2024-2050)'; Copper cable high-speed connection, Sora concept, software development and other sectors led the gains. Nonferrous metals, oil & gas, coal and other resource stocks generally fell, with Zhongjin Gold Corp., Ltd., Xinjiang Zhundong Petroleum Technology, Yunnan Coal & Energy all falling by over 3%.
The internet e-commerce sector led the gains with Kaichun Co., Ltd. and Global top e-commerce hitting the limit up.
Kaichun Co., Ltd., and Global top e-commerce hit the limit up, QEMU Technology rose by over 13%, Guangdong Saca Precision Manufacturing, Siveco China, and Sanatron Co., Ltd. all rose by over 5%. On the news front, 'Singles' Day' kicked off early, with Taobao and JD.com, the two major e-commerce giants, synchronously starting 'Singles' Day' for the first time, about 10 days earlier than in 2023.
Cross-border payment concept stocks rose in the morning with Huafon Microfibre and others hitting the limit up.
Huafon Microfibre, Yusys Technologies, Zhejiang China Commodities City Group, Hyunion Holding, Qingdao Kingking Applied Chemistry all hit the limit up. Shenzhen Forms Syntron Information, Lakala Payment, XGD Inc. rose by over 10%. On the news front, on October 13, UnionPay International and the National Payment Corporation of Vietnam (NAPAS) signed a memorandum of cooperation in Hanoi, agreeing to deepen cooperation in QR code cross-border interconnection. After this cooperation is implemented, the local VietQR wallet in Vietnam will be able to directly scan UnionPay QR codes for payment in 47 countries and regions, including China, further enhancing the cross-border payment experience for people in China and Vietnam.
In addition, Zhejiang China Commodities City Group announced after trading hours yesterday that the net profit attributable to shareholders of the listed company in the third quarter was 0.881 billion yuan, a year-on-year increase of 176.73%. "Yiwu Pay" added a cross-border payment transaction amount exceeding 20 billion yuan from January to September 2024, an increase of over 770% year-on-year.
Gaming stocks fluctuated and rose, Shenzhen ZQGame rose by 20cm limit up.
Shenzhen ZQGame rose by 20cm limit up, Sichuan Xunyou Network Technology rose by over 10%, Zhejiang Jinke Tom Culture Industry, Yoozoo Interactive, Beijing Ultrapower Software, Fuchun Technology all rose by over 5%. On the news front, according to the latest data from Sensor Tower, a leading global mobile market intelligence platform, Chinese mobile games performed well in overseas markets in September 2024, with "Honkai: Star Rail Iron Road" and "Whiteout Survival" leading in revenue growth and total revenue, respectively.
Satellite navigation concept stocks generally rose, including Xiamen Changelight, Hytera Communications Corporation, among others, hit the limit up.
Hwa Create Corporation, Xiamen Changelight rose by 20cm limit up, Hytera Communications Corporation, Streamax Technology, Sichuan Huati Lighting Technology hit the limit up, with many stocks like Northern Long Dragon, Xinjiang Zhundong Petroleum Technology, Guangzhou Hi-Target Navigation Tech rising by over 5%. On the news front, the Chinese Academy of Sciences, China National Space Administration, and China Manned Space Engineering Office jointly issued the "National Space Science Medium and Long-term Development Plan (2024-2050)". Focusing on five major scientific themes, prioritizing development directions, proposing science task planning to be implemented in three stages by 2027, 2028-2035, and 2036-2050, forming a roadmap for the development of China's space science until 2050.
