Home » The three major A-share indexes collectively rose. PEEK material concept surged and the automotive industry chain exploded_Oriental Fortune Network

The three major A-share indexes collectively rose. PEEK material concept surged and the automotive industry chain exploded_Oriental Fortune Network

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The three major A-share indexes collectively rose. PEEK material concept surged and the automotive industry chain exploded_Oriental Fortune Network

Stock Market Sees Collective Rise with Concept of PEEK Materials Soaring

The A-share indexes experienced a collective rise, with over 4,000 stocks in the two cities turning green. Northbound funds made net purchases exceeding 6.5 billion yuan. The market saw a sharp rise in the concept of PEEK materials, with companies like Watt Co., Ltd. and Zhongxin Fluorine Materials hitting their daily limits. Xinhan New Materials also saw a surge of more than 15%. Other top gainers included the CPO concept, IPV6, auto parts, complete automobiles, high-bandwidth memory, unified market, lidar, computing power, and F5G concept. However, the insurance and coal sectors bucked the trend and fell.

By midday closing, the Shanghai Stock Exchange Index rose 0.51% to 2992.30 points, the Shenzhen Component Index rose 0.98% to 9155.30 points, and the GEM Index rose 0.86% to 1766.74 points. The North Securities 50 Index rose by 3.80% to 908.21 points. The total half-day turnover in the two cities was 527.7 billion yuan, with northbound funds buying a net of 6.519 billion yuan.

At the noon closing, a total of 71 stocks had reached their daily limit, with a closing rate of 70.30%. Notable increases were seen in robot concept stocks, AI stocks, computing power concept stocks, and stocks in the automotive industry chain.

Furthermore, it was reported that there was a net inflow of northbound funds, with Shanghai Stock Connect recording a net inflow of 3.172 billion yuan and Shenzhen Stock Connect recording a net inflow of 3.347 billion yuan, totaling 6.519 billion yuan. In terms of industry funds, communication equipment and complete automobiles saw high net inflows, while general equipment had a significant net outflow.

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In company news, CITIC Securities issued a statement banning illegal securities lending transactions, and Huawei announced plans for 5G-A commercialization in 2024.

Overall, the market showed positive trends with certain sectors leading the charge in gains while others faced challenges. Investors are advised to monitor emerging technology fields closely for potential investment opportunities.

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