A-share midday review: Shanghai Composite Index fluctuated narrowly and closed down 0.19%, while the pharmaceutical sector strengthened across the board
The three major A-share indices closed lower. As of market close, the Shanghai Composite Index fell 0.19%, the Shenzhen Component Index fell 0.15%, the ChiNext Index fell 0.16%, and the Beijing Stock Exchange 50 Index rose 0.11%. The total trading volume of the three stock markets in Shanghai, Shenzhen, and Beijing reached 1,008.1 billion yuan, a decrease of 149.7 billion yuan from the previous day. Over 2,100 stocks in both markets fell. In terms of sector themes, traditional Chinese medicine and photovoltaic equipment rose, while the military industry and film and television chain sectors adjusted. The traditional Chinese medicine sector continued to strengthen, with Biovalley rising over 25%, Weican Pharmaceutical hitting its 20cm limit, and Guizhou Bailing and Xintian Pharmaceutical hitting their limit up. The photovoltaic equipment sector strengthened, with Jiejia Weichuan hitting its 20cm limit up and Shuangliang Energy Saving hitting its limit up. The military industry sector adjusted, with ST Emergency hitting its 20cm limit down. The film and television chain sector adjusted, with Jinyi Film and Television falling over 7%.