On the morning of December 4, major market indices opened higher but later declined. In sector performance, non-ferrous metals gained strength, with stocks like Gongyi Alloy, Jincheng Mining, and Alloy Investment leading the gains.
The reducer concept saw notable movement, with Huawu Automation surging 20% to hit the daily limit, while Rifeng Precision Machinery also reached the limit-up, and Sankyo Electric rose over 10%.
The Moore Threads concept saw an uptick, with Lianmei Holdings hitting the limit-up, followed by increases in H&T Tech, Intretech, and Donghua Software.
The commercial aerospace sector remained active, with Aerospace Hi-Tech and Bidding Consulting rising over 10%, while Dahua Intelligent, Sichuan Jinding, and Longxi Bearing also hit the limit-up.
**IPO Update**: Metax Integrated Circuits (Shanghai) Co., Ltd. (688802) set its IPO price at ¥104.66 per share, issuing 40.1 million shares, including 6.416 million shares available for online subscription starting December 5.
Moore Threads announced its listing on the STAR Market on December 5. As of the announcement date, the company remains unprofitable and will be included in the STAR Market Growth Tier upon listing.
**16 Stocks See Over ¥100M in Margin Buying**: As of December 3, total market margin balance stood at ¥2.47 trillion, down ¥3.713 billion from the previous session.
Among individual stocks, 331 saw net margin purchases exceeding ¥10 million, with 16 stocks recording over ¥100 million in net buying.
Foxconn Industrial Internet led with ¥817 million in net margin purchases, followed by Tianfu Communication (¥309 million) and ZTE (¥306 million). Other top gainers included Shanghai Hanxun, Tongyu Communication, and Huaying Technology.
By sector, electronics, communications, and defense industries dominated, with 5, 4, and 2 stocks respectively among the top margin-bought names.
**16 Companies Announce Share Reduction Plans**: On December 4, 16 companies disclosed plans for shareholder reductions, with Red Star Macalline, Weisbrod, and Delfingen among those proposing the highest reduction ratios.
**Friday Outlook**: Strategies to Gain an Edge in a Saturated Market
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