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Midday Review: Shanghai Composite Index fluctuated slightly and fell in a narrow range, while solid-state battery concept stocks rose collectively

2024-08-26

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Phoenix Finance reported that on August 26, the market fluctuated and diverged in the morning, with the three major indexes rising and falling. As of midday close, the Shanghai Composite Index fell 0.07%, the Shenzhen Component Index rose 0.34%, and the ChiNext Index rose 0.13%.

Overall, more stocks rose than fell, with more than 3,900 stocks rising in the market. The half-day turnover of the Shanghai and Shenzhen stock markets was 346 billion, an increase of 8.6 billion from the previous trading day.

The yellow and white time-sharing lines of the index are obviously differentiated, and theme stocks are relatively active. On the market, solid-state battery concept stocks strengthened again, and 10 stocks such as Oriental Zirconium, Sanxiang New Materials, Chuanyi Technology, and Lushan New Materials hit the daily limit. Folding screen concept stocks rose during the session, and Golden Sun, Jingyan Technology, Daoming Optics, and Kesen Technology hit the daily limit. Western development concept stocks continued to be active, and Western Construction, Xinjiang Communications Construction, and Guotong Shares hit the daily limit. Housing inspection concept stocks opened sharply higher, and Jianke Shares, Jianyan Institute, Guojian Group, and Shanghai Jianke hit the daily limit. On the decline, highway concept stocks collectively adjusted, and Shenzhen Expressway hit the daily limit. In terms of sectors, solid-state batteries, flexible screens, Xinjiang, and building energy conservation sectors led the gains, while education, highways, liquor, monkeypox and other sectors led the declines. As of midday close, the Shanghai Composite Index fell 0.07%, the Shenzhen Component Index rose 0.34%, and the ChiNext Index rose 0.13%.