The morning assessment of the A-shares market shows that the Shanghai Composite Index has risen by 0.29%. Stocks related to the energy storage concept are leading the gains, with all four major banks reaching new highs.
As of the midday break, the Shanghai Composite Index is up 0.29% at 3365.51 points, while the Shenzhen Component Index has gained 0.13%, and the ChiNext Index has decreased by 0.09%. Across the market, total trading volume for the morning session reached 10.683 billion yuan, down by 2.283 billion yuan compared to the previous day, with over 3400 stocks experiencing declines.
The energy storage sector showed considerable strength, with stocks like Xingyun Co., Ltd. and Huazi Technology hitting their daily upper limit of 20%. This surge follows the announcement of the “High-Quality Development Action Plan for New Energy Storage Manufacturing” by the Ministry of Industry and Information Technology and seven other departments.
Photovoltaic equipment stocks also saw widespread increases, with Ainengju and Haitai New Energy surging by over 7%. Institutional investors believe that the current valuation levels in this sector are attractive. Banking stocks also rallied during the session, with the Industrial and Commercial Bank of China, Construction Bank, Bank of China, and Agricultural Bank of China all setting new highs.
On the other hand, the film and media sector continued its adjustment, with “star stock” Light Media falling by over 7% after a sharp drop of 14.6% following a previous limit-up. Other media stocks such as Hengdian Film and Huayi Brothers also experienced declines.
In the DeepSeek concept stocks, several high-profile stocks like Mengwang Technology, Hangang Co., Ltd., and Rihai Intelligent reached their lower limits.
The Shanghai Composite Index ended the morning session up by 0.29%, closing at 3365.51 points. The Shenzhen Component Index rose by 0.13%, while the ChiNext Index fell by 0.09%. The overall trading volume for the market was 10.683 billion yuan, indicating a decrease in activity from the previous day, with more than 3400 stocks declining.
In summary, the market showed mixed performance, with the energy storage sector and major banks driving gains, while the media sector faced continued challenges.
This information is intended for educational purposes and does not constitute a recommendation for any individual stocks or investment strategies. Please consider your personal circumstances when making investment decisions. Past performance is not indicative of future results, and all investments carry risks, including the potential loss of principal.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/shanghai-composite-index-rises-0-29-as-energy-storage-stocks-lead-gains-and-major-banks-hit-new-highs/
