By midday, the Shanghai Composite Index rose by 0.52% to 3276.58 points, the Shenzhen Component Index rose by 0.96%, and the chinext price index rose by 1.37%.
The three major A-share indices explored the bottom and rebounded in the early session. As of the midday break, the Shanghai Composite Index rose 0.52% to 3,276.58 points, the Shenzhen Component Index rose 0.96%, and the Chinext Price Index rose 1.37%. The all market turnover for half a day reached 908 billion yuan, an increase of 47.7 billion yuan from the previous day, with more than 2,100 individual stocks rising.
On the market, home appliances stocks rebounded, with the kitchen and bathroom appliances sector leading the gains. Zhejiang Meida Industrial and Solareast Holdings hit the daily limit, with institutions indicating that the industry is continuing to receive positive feedback. The millet economy concept became active again, with Hengxin Shambala Culture, Guangbo Group Stock, and Hongxing Stock hitting the daily limit. Gas stocks fluctuated higher, with Nanjing Public Utilities Development and Xinjiang East Universe Gas hitting the daily limit. The military industry electronics sector rose, with Huaru Technology hitting the daily limit and Cisco and Zhimianda rising over 10%. Baijiu, education, and MR concept sectors saw significant gains. High-position stocks continued to retreat, with Grinm Advanced Materials, Shandong Sunway Chemical Group, and Aishida Co., Ltd. all hitting the limit down. The planting industry sector had the largest drop, with Anhui Huilong Agricultural Means of Production down over 9% and Qiule Seed Industry down over 4%.
Home appliances stocks rebounded with Zhejiang Meida Industrial hitting the daily limit.
The kitchen and bathroom appliances sector led the gains, with Zhejiang Meida Industrial and Solareast Holdings hitting the daily limit, and Zhejiang Entive Smart Kitchen Appliance, Marssenger Kitchenware, and Guangdong Vanward New Electric rising over 5%. In terms of news, the research reports from Galaxy Securities indicate that the replacement policy has significantly improved domestic sales of home appliances, with home appliance companies actively promoting expansion into emerging markets, steadily increasing global market share, and the industry continuously receiving positive feedback.
The concept of the millet economy is once again active, with hengxin shambala culture and others reaching their daily limit.
Hengxin shambala culture, guangbo group stock, hongxing stock, and shifeng cultural development hit the daily limit, beijing baination pictures and jinyun laser increased by over 10%, while cre8 direct(ningbo)co.,ltd. and dalian sunasia tourism holding followed suit. On the news front, the 'millet economy' of Generation Z has recently become a new trend in the investment market. According to iResearch data, China's two-dimensional and its derivative market reached 221.9 billion in 2023, and it is expected that by 2029, the scale of the two-dimensional industry will grow to 590 billion yuan, with a compound growth rate of 18%. In terms of user base, as of 2023, China's general two-dimensional user base has surpassed 0.5 billion.
Gas stocks fluctuated and rose, with nanjing public utilities development hitting the daily limit.
Nanjing public utilities development and xinjiang east universe gas both hit the daily limit, while guizhou gas group corporation, jiufeng energy, meineng energy, changchun gas, and shenzhen gas corporation also saw gains. On the news front, as the winter heating model begins, the demand for natural gas enters the peak season. Shandong, jiangsu, jilin, peking, shanghai, and other places have issued related notifications successively, initiating the gas price linkage mechanism.
The military industry electronics sector surged, with hua ru technology reaching the daily limit.
Hua ru technology reached the daily limit, while cisco, zhimingda increased by over 10%, and chengdu m&s electronics technology, zhonghang electronic measuring instruments, and glarun technology also followed suit. On the news front, china securities co.,ltd. pointed out that the military industry is currently at a turning point from performance expectations to performance fulfillment, with the first quarter of 2025 approaching the performance fulfillment stage. The sector's structural and differentiated characteristics may become more evident. The military industry has gradually entered a new growth cycle, transitioning from 'simultaneous increase in quantity and price' to 'increased quantity and stable price', from 'platform volume expansion' to 'building systems and addressing shortcomings', and from 'comprehensive growth' to 'structural growth'.
High-level stocks continue to retreat, with grinm advanced materials and other stocks hitting the limit down.
Grinm advanced materials, shandong sunway chemical group, tian jin bohai chemical, ningbo techmation, anhui zhongyuan new materials, aishida co.,ltd. and other stocks hit the limit down.
