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Midday Review: Shanghai Composite Index fluctuates with shrinking volume; Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank all hit record highs

2024-07-15

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July 15th, the market fluctuated narrowly in the early trading, with the three major indexes rising and falling differently.

On the market, bank stocks maintained their strength, while Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and Construction Bank of ChinaBig Four BanksAll of them hit historical highs, with Bank of Communications and Bank of Beijing hitting new highs for the year.

Intelligent DrivingConcept stocksContinue to be active, including Railway, Haoen Automotive, StarNet Yuda, Jinjiang Online, etc.Daily LimitFilm and television stocks rebounded collectively, with Xingfu Blue Ocean and Jinyi Film and Television hitting their daily limit. Gold and nonferrous metal concept stocks fluctuated and strengthened, with Yulong Shares and Luoping Zinc and Electricity hitting their daily limit.

On the downside, power grid concept stocks adjusted collectively, with many stocks such as China XD Power falling by more than 5%.

on the wholeIndividual StocksMore stocks fell than rose, with more than 4,200 stocks falling in the entire market. The half-day turnover of the Shanghai and Shenzhen stock markets was 396.8 billion, down 41.5 billion from the previous trading day.

In terms of sectors, film and television, precious metals, semiconductors, and banks led the gains, while CRO, power grid equipment, batteries, and real estate led the losses.

As of closing,Shanghai Stock IndexUp 0.11%, Shenzhen Component Index down 0.4%,gemThe index fell 0.56%.