On September 5th, A-share's three major indices opened mixed. As of press time, all indices turned positive collectively, with the ChiNext Index rising over 3%. The new energy industry chain strengthened across the board, with CATL rising over 5% at one point.
On the market surface, sports concepts, semiconductors, securities and other sectors led gains, while gold concepts, defense and military industry, petroleum and other sectors led declines.
New stock N Huaxin opened over 300% higher. The company's main products are various precision stamped iron cores and precision stamping molds related to iron core production.
In Hong Kong stocks, both the Hang Seng Index and Hang Seng Tech Index rose. Pharmaceutical stocks generally warmed up, with 3SBio rising over 5%, while Innovent Biologics and Hansoh Pharma rose nearly 1%. SMIC rose over 2%, while Alibaba, Xiaomi Group and others declined slightly.
Sports Industry Sector Opens Higher
At market open, LSEG Sports and SHUA Sports hit limit up in pre-market trading, while Jinling Sports rose over 10%. China Sports Industry, Co-Grass and other stocks opened higher.
On the news front, on September 4th, the "Opinions of the General Office of the State Council on Unleashing Sports Consumption Potential and Further Promoting High-Quality Development of the Sports Industry" (hereinafter referred to as the "Opinions") was released. The Opinions clearly state that by 2030, a group of sports enterprises and sporting events with global influence will be cultivated, the development level of the sports industry will leap significantly, with total scale exceeding 7 trillion yuan, playing an important role in building a new development pattern.
The Opinions propose 20 measures from aspects of expanding sports product supply, stimulating sports consumption demand, strengthening sports business entities, cultivating growth points for the sports industry, strengthening industrial factor support, and improving service guarantee levels to further promote high-quality development of the sports industry.
The photovoltaic and energy storage sectors rose at market open, with Tonrun Equipment hitting its third consecutive limit up, followed by gains in Nenghui Technology, Sungrow Power Supply, Jingrunyang, Trina Solar, and Daqo New Energy.
On the evening of September 4th, Tonrun Equipment issued an abnormal stock trading fluctuation announcement stating that the company's production and operation activities are currently normal, with no major changes in internal and external operating environments. The company, controlling shareholders and actual controllers have no major matters concerning the company that should be disclosed but have not been disclosed, or are in the planning stage. During the period of abnormal stock trading fluctuations, controlling shareholders and actual controllers did not buy or sell company shares.
New Energy Industry Chain Strengthens
The new energy industry chain strengthened across the board, with Manz hitting 20cm limit up, Sungrow Power Supply surging nearly 9% to hit a historical high, and heavyweights including EVE Energy and Gotion High-tech collectively strengthening, while CATL rose over 5% at one point.
The solid-state battery sector remained active, with Tianjie Stock hitting its second consecutive limit up, Foshan Golden Milky Way Intelligent Equipment Co.,Ltd. hitting straight limit up, followed by gains in Manz, Hymson Laser, Xinyu Person, and Canrd.
Securities research indicates that from interim report data, signals of accelerated clearance and improved supply-demand patterns in the new energy industry chain are further strengthening, with fundamentals gradually emerging from the bottom. New technologies can drive the industry chain to break free from involutionary competition and achieve quality and efficiency improvements, providing powerful technical paths. Under the empowerment of new technologies, the industry is expected to usher in a second growth pole.
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