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China Fund News Dawn

Long time no see! A shares surged across the board!

On the morning of July 31, the A-share market collectively rose. As of midday close, the Shanghai Composite Index rose 1.79%, the Shenzhen Component Index rose 2.96%, and the ChiNext Index rose 3.32%. The market's half-day turnover was 549.561 billion yuan, a significant increase from the previous month; 4,964 stocks were in the green, 61 were flat, and 328 were in the red.

On the disk,"Bull Market Flagship" Brokerage Stocks Rise to Daily Limit, consumption, education, medical and other sectors have recovered, and cultural tourism and media sectors have strengthened. High-dividend assets have performed poorly, and state-owned banks and the three major operators are sluggish.

Hong Kong stocks also rose sharply in the morning. By midday close, the Hang Seng Index rose 1.9%, and the Hang Seng Technology Index rose 2.9%. Kingdee International and Oriental Select rose more than 8%, leading the Hang Seng Technology Index.

"Bull market flag bearers" collectively broke out

Pharmaceutical stocks surge

On the morning of July 31, non-bank financial sectors collectively surged, leading the market's counterattack. The "bull market flag bearer" securities stocks collectively exploded.Sealand Securities, Huaxin Securities, Tianfeng Securities, Pacific Securities, Jinlong Securities, Guosheng Financial HoldingsWait for multiple stocks to hit the daily limit.

The stock trading software index soared, with Fortune Trend and Compass both hitting their 20CM daily limit, Flush and Dzhihui rising by more than 10%, and Oriental Fortune soaring by 9%.

Hong Kong stocks' diversified financial sectors soared, with Hong Kong Futures surging 66% during intraday trading, CICC and China Galaxy Securities rising more than 9%, and Guolian Securities, CITIC Securities, Orient Securities and many other stocks surging.

In addition to non-bank financial sectors, the pharmaceutical and biological sector also saw a surge in daily limit prices.Xiangxue Pharmaceuticals hit the daily limit of 20CM, Baihua Pharmaceuticals, Jinyuan Medical, Tongce Medical and many other stocks hit the daily limit。

Tenda Technology presents “Heaven and Earth”

Public Diving

Although the market was hot in the morning, some of the previous high-priced stocks staged a shocking scene.

On July 31, Tengda Technology's stock price once again hit the daily limit at the opening, marking its eighth consecutive daily limit. During the trading session, Tengda Technology's stock price suddenly plunged, reaching a low of 22.25 yuan per share, approaching the daily limit; then it rose again and hit the daily limit, and within half an hour, it had a quasi-"heaven, earth, and sky" market.

Another stock that crashed in the morning was Volkswagen Utilities. After hitting the daily limit for five consecutive days in the morning, Volkswagen Utilities A shares plunged during the trading session. As of the midday close, the price of Volkswagen Utilities A shares was 4.05 yuan per share, a drop of 5.37%.

In terms of Hong Kong stocks, Volkswagen Utilities H shares rose nearly 20% at the beginning of the session, then plunged, falling more than 20% during the session, and as of the midday close, the decline was still nearly 18%.

Jiaoyun shares, which had been rising for four consecutive days, once approached the daily limit this morning, but suddenly plunged and hit the daily limit. As of the midday close, Jiaoyun shares were at 4.53 yuan per share, down 8.3%.

Last night, Jiaoyun Co., Ltd. issued an announcement stating that it has noticed that the concept of automobile dismantling has received high attention from the market recently. The business scope of Shanghai Jiaoyun Bus Dismantling Co., Ltd., a subsidiary of Shanghai Automobile Repair Co., Ltd., includes automobile dismantling business. Bus dismantling achieved operating income (consolidated) of 54.5331 million yuan in 2023, accounting for 1.05% of the company's operating income, and its business revenue accounted for a small proportion. At present, bus dismantling operations are normal and will not have a significant impact on the company's business activities in the short term.

Editor: Captain

Review: Xu Wen

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