Home » The three major A-share indexes collectively rose by more than 3,800 stocks in the two cities, and the AI ​​concept set off a price limit trend_Oriental Fortune Network

The three major A-share indexes collectively rose by more than 3,800 stocks in the two cities, and the AI ​​concept set off a price limit trend_Oriental Fortune Network

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The three major A-share indexes collectively rose by more than 3,800 stocks in the two cities, and the AI ​​concept set off a price limit trend_Oriental Fortune Network

Major A-share Indexes Rise Collectively
By Financial News Correspondent

The three major A-share indexes rose collectively, with more than 3,800 stocks in the two cities going red. Tech concepts, education and computing power stocks head the growth, as pork and securities stocks lead the market down.

As of midday closing, the Shanghai Stock Exchange Index rose 0.90% to 2891.80 points; the Shenzhen Component Index rose 0.14% to 8832.97 points; the GEM Index rose 0.11% to 1728.70 points; the Science and Technology Innovation 50 Index rose 0.42% to 754.67 points. The total half-day turnover in the two cities was 636 billion, and the net sales of northbound funds were 3.149 billion.

In terms of daily limit stocks, as of midday close, a total of 169 stocks had reached their daily limit, and another 77 stocks had hit their daily limit at one time, with a closing rate of 68.7%. Education concept stocks performed actively, AI technology saw a surge, however, pork stocks fell into adjustment.

Meanwhile, nearly 30 listed companies announced plans for buybacks following the Spring Festival. In the previous evening, nearly 30 listed companies had issued announcements on buyback or shareholding increase plans, in an effort to boost market confidence.

Key news reports this week include OpenAI’s new release of AI video model Sora, as well as the new home and second-hand home sales market reports during the Spring Festival holiday.

Investors are advised to take caution and carefully consider investment decisions in light of this week’s market news. Source of article: Oriental Fortune Choice data.

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