On December 29, the three major A-share indices showed mixed performance in the morning session. The ChiNext Index turned positive before falling back again. By the midday close, the Shanghai Composite Index had risen by 0.31%, the Shenzhen Component Index edged up 0.03%, while the ChiNext Index declined by 0.32%. The combined half-day turnover for the Shanghai and Shenzhen markets was 1.4 trillion yuan, shrinking by 57.8 billion yuan compared to the previous trading day, with over 3,400 stocks declining across the market.
Looking at specific sectors, the commercial space concept continued its strong momentum, with more than ten constituent stocks hitting the daily limit-up. Among them, Shenjian Co., Ltd. achieved its 8th consecutive limit-up, while Goldwind Science & Technology Co., Ltd. and Raccoon Defense Group Co., Ltd. also surged to the limit. The positive sentiment was fueled by the Shanghai Stock Exchange's announcement on December 26 of the "Guidelines for the Application of the Shanghai Stock Exchange's Listing Review Rules No. 9 - Application of the Fifth Set of Listing Standards for Commercial Rocket Enterprises on the Sci-Tech Innovation Board," which supports commercial rocket companies in a critical period of large-scale commercialization to list on the STAR Market using the fifth set of standards.
Zhongtai Securities believes that the global commercial space industry is poised to enter an explosive growth phase over the next two years, with accelerating technological iterations and rapidly releasing demand for launch services and satellite constellation deployments. China's commercial space sector is crossing a pivotal inflection point, transitioning from "exploration and verification" to "growth and explosion." Looking ahead, as policies and the industrial system gradually improve, China's capabilities for high-frequency rocket launches and large-scale satellite batch production are expected to be significantly enhanced.
The precious metals sector experienced volatile intraday strength, led by silver-related stocks. Baiyin Nonferrous Group Co., Ltd. and Hunan Silver Co., Ltd. hit the daily limit-up, while Xingye Silver & Tin Co., Ltd., Shengda Resources Co., Ltd., and Hengbang Co., Ltd. followed with gains. This movement was driven by the Shanghai silver futures main contract surging over 8% intraday, and spot silver prices rising more than 5% at one point, both refreshing historical highs during the session.
The humanoid robot concept surged, with Zhejiang Fenglong Electric Co.,Ltd. securing its 4th consecutive limit-up. Moso Co., Ltd., Wuzhou Xinchun Group Co., Ltd., Daye Co., Ltd., and Kinwong Electronic Co., Ltd. all rose to the daily limit. Swancor Advanced Materials Co.,Ltd. jumped over 18%, while Haozhi Machinery Co., Ltd. and Chaojie Co., Ltd. gained more than 15%.
Catalyzing this rally, the Ministry of Industry and Information Technology announced that the inaugural meeting of the Humanoid Robots and Embodied Intelligence Standardization Technical Committee was held in Beijing on December 26. This committee is primarily responsible for developing and revising industry standards across foundational commonalities, key technologies, components, complete machines and systems, applications, and safety in the humanoid robot and embodied intelligence fields, with its secretariat established at the Chinese Institute of Electronics.
Huajin Securities argues that with a substantial increase in new humanoid robot product releases and growing order volumes, the commercialization of humanoid robots is set to accelerate.
On the downside, the major consumer sector retreated, with retail and dairy concepts leading the declines. Baida Group Co., Ltd. fell by the daily limit, and Royal Group Co., Ltd. experienced a significant drop.
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