As of midday, the Shanghai Composite Index rose by 0.2% to 3370.74 points, the Shenzhen Component Index fell by 0.33%, and the chinext price index dropped by 0.35%.
The major A-share indices showed mixed results in early trading. By the lunch break, the Shanghai Composite Index rose 0.2% to 3370.74 points, the Shenzhen Component Index fell 0.33%, the Chinext Price Index declined 0.35%, and the Beijing Stock Exchange 50 Index increased by 1.57%. The total trading volume in all markets was 1,063.9 billion yuan, a decrease of 86.7 billion yuan from the previous day, with over 2,400 individual stocks rising.
In the market, cultivated diamond concept stocks surged during the session. Huifeng Diamond rose to the daily limit of 30cm, Huanghe Whirlwind and A-Zenith Home Furnishings also hit the daily limit, with reports saying that the world's largest diamond producer, De Beers, reduced prices by 10% to 15%. Stocks related to robot concepts remained active, with Shandong Mining Machinery Group achieving five consecutive limits, Taier Heavy Industry meeting four consecutive limits, and Huawei cooperating with China Mobile and Leju Robot to develop robot applications in a 5.5G network scenario. Chicken-related stocks rose, with Fujian Sunner Development hitting the daily limit and Luoniushan Co., Ltd. rising over 8%, as New Zealand reported a case of highly pathogenic H7N6 avian influenza. The sectors of software development, Hainan free trade zone, and lithography saw significant gains. The internet e-commerce concept experienced notable declines, with Guangdong Saca Precision Manufacturing falling over 8% and Qingmu Technology down over 6%. Food and beverage stocks adjusted, with Zhu Laoliu and Jiangxi Huangshanghuang Group Food dropping over 6%. Brokerage stocks weakened as Guangdong Golden Dragon Development Inc. dropped over 6% and Guosheng Financial Holding Inc. fell over 3%.
Cultivated diamond concept stocks surged during the session, with Huanghe Whirlwind hitting the daily limit.
Huifeng Diamond rose to the daily limit of 30cm, Huanghe Whirlwind and A-Zenith Home Furnishings also hit the daily limit, SF Diamond Co., Ltd. increased by over 10%, while Beijing Worldia Diamond Tools, Power Diamond, Mankalong, and Sinomach Precision Industry Group followed suit. In terms of news, some media outlets quoted informed sources stating that De Beers, the world's largest diamond producer, had lowered the prices of most of its sold goods by 10% to 15%. This marks the first significant price reduction since the beginning of this year, with the scale being historically rare.
Chicken concept stocks rise, Fujian Sunner Development hits the limit up.
Fujian Sunner Development hits the limit up, Luoniushan Co., Ltd. rises over 8%, Shandong Yisheng Livestock & Poultry Breeding, Shandong Minhe Animal Husbandry, Jiangsu Lihua Animal Husbandry, Xiaoming Co., Ltd., and Shandong Xiantan are among the biggest gainers. According to the World Organisation for Animal Health (WOAH), on December 2, 2024, New Zealand's Ministry for Primary Industries reported to WOAH about a case of highly pathogenic H7N6 bird flu in New Zealand.
Robot concept stocks remain active, Shandong Mining Machinery Group hits five consecutive limit ups.
Shandong Mining Machinery Group hits five consecutive limit ups, Taier Heavy Industry hits four consecutive limit ups, Greatoo Intelligent Equipment Inc., China High Speed Railway Technology, Aishida Co., Ltd., Zhejiang Rifa Precision Machinery, and over a dozen others hit limit up. On the news front, Huawei is collaborating with China Mobile and Leju Robotics to develop robot applications in 5.5G network scenarios for various B-end and C-end applications.
Food and beverage stocks adjust, Zhu Laoliu drops over 6%.
Food and beverage stocks adjust, Zhu Laoliu and Jiangxi Huangshanghuang Group Food drop over 6%, and Gaishi Food, Kangbiter, Qingdao Richen Food, and Shandong Huifa Foodstuff all drop over 5%.
