A-shares midday review: The three major indices opened high and then declined, the ChiNext Index dropped 1.83% with increased volume, over 4,300 stocks in the entire market declined

As of midday trading, the Shanghai Composite Index fell 0.79%, the Shenzhen Component Index dropped 1.53%, the ChiNext Index declined 1.83%, and the Beijing Stock Exchange 50 fell 2.52%. The total market turnover was 1.959 trillion yuan, an increase of 364.9 billion yuan compared to the previous day’s trading volume.
In terms of sectors and themes, the liquor, oil and gas, and coal sectors led the gains; precious metals, CPO, and rare earth permanent magnets sectors saw the largest declines.
The liquor sector was strong at the opening, with Zhaojiaguo Liquor hitting the daily limit, and Laobaigan Liquor rising over 6%. The oil and gas sector fluctuated and strengthened, with Shandong Moluo hitting the daily limit, and Keli Co., Ltd. rising over 8%. The coal sector fluctuated and rebounded, with Huaneng Energy and Haohua Energy hitting the daily limit and Coking Coal Energy rising over 5%. The precious metals sector continued to decline, with Hunan Silver and Hengbang Co., Ltd. falling over 7%, Zhaojin Gold, Shanjin International, and Xiaocheng Technology dropping over 6%, with the entire sector in the red. The CPO sector opened high and then declined, with Sawei Electronics, Tengjing Technology, Dongtian Micro, and Guangku Technology among others falling over 10%. The rare earth permanent magnets sector fluctuated and weakened, with Instech dropping over 10%, China Rare Earth hitting the daily limit, and Shenghe Resources, China Rare Earth falling over 7%.