A-Share Market Continues to Surge with Kimi Concept Stocks Leading the Way
The A-share market has been on a continuous upward trend, with the transaction volume exceeding one trillion yuan for five consecutive days. The surge in market activity has been driven by the popularity of Kimi concept stocks, which are experiencing significant gains and hitting daily limits.
The three major A-share indexes saw fluctuations and adjustments on March 22, with the Shanghai Stock Exchange Index falling 0.95%, the Shenzhen Component Index falling 1.21%, and the ChiNext Index falling 1.47%. Despite the overall market decline, Kimi concept stocks have been performing exceptionally well, with many stocks such as Dingtong Technology, Shenglan Co., Ltd., and Wall Nuclear Materials closing at their daily limits.
Bohai Securities has noted that the strong economic data at the beginning of the year has led to a revaluation of A-share fundamentals, opening up room for further growth. The hydrogen energy industry has also received favorable policies, with the National Energy Administration issuing guiding opinions to accelerate the development of the industry.
In response to the positive news, hydrogen energy concept stocks surged, with companies like Yunnei Power, Sichuan Jinding, and Power Source experiencing notable gains. The “Opinions” also provided guidance on the development of other industries such as coal, natural gas, and wind power.
The highlight of the A-share market has been the rise of Kimi concept stocks, with the leading stock price doubling within the month. Kimi, a large-scale model application, has been gaining popularity, leading to a surge in related concept stocks’ prices. Developers of the Kimi smart assistant, Dark Side of the Moon Technology Co., have announced the opening of the large model interface, allowing developers to integrate the Kimi smart assistant into their products or services.
Galaxy Securities and CITIC Construction Investment have both expressed optimism about Kimi’s potential as a popular C-end AI application in China, marking a significant milestone for breaking latest news development. As the market continues to respond positively to the Kimi concept, concept stocks have collectively risen sharply.
Overall, the A-share market is experiencing a period of growth and volatility, with strong economic data and policy support driving the market forward. Investors are advised to stay informed and cautious when making investment decisions in this dynamic market environment.