The market surged higher in the morning session before pulling back, with the three major indices collectively turning negative. The ChiNext Index had previously gained over 1%. By the morning close, the Shanghai Composite Index was down 0.15%, the Shenzhen Component Index fell 0.17%, and the ChiNext Index declined by 0.4%.
Market hotspots rotated rapidly, with over 3,200 stocks across the board recording gains.
Sector-wise, the commercial aerospace concept continued to recover, with more than ten constituent stocks hitting the daily limit-up. Julig索具 (Julig Rigging) secured its second consecutive limit-up, while Zhongchao控股 (Zhongchao Holdings) and Western Materials also surged to the limit. The oil and gas concept extended its strong performance, with Zhouji Oil & Gas touching the limit-up. The coal sector experienced a rapid upswing, with Dayou Energy skyrocketing straight to a limit-up. The robotics concept saw repeated strength, with Fulaixin材 (Fulaixin Materials) and Yichang科技 (Yichang Technology) both rising by the daily limit.
On the downside, the precious metals concept, after an initial surge, retreated. Western Gold and Xiaocheng科技 (Xiaocheng Technology) both fell more than 5%. The combined half-day turnover for the Shanghai and Shenzhen stock exchanges reached 1.77 trillion yuan, an increase of 142.6 billion yuan compared to the previous trading session.
In terms of individual stocks, Lanqi科技 (Lanqi Technology) led with a turnover exceeding 15.2 billion yuan. Hangtian Dianzi (Aerospace Electronics), Tongfu微电 (Tongfu Microelectronics), and Haiguang信息 (Haiguang Information) were also among the top stocks by trading volume.
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