The consumer electronics, communication equipment, non-metallic materials, and specialized and sophisticated "Little Giant" enterprise sectors led the gains. Among individual stocks, Foxconn Industrial Internet Co.,Ltd. saw a late-session surge, touching the daily price limit.
On April 22, the A-share market advanced steadily. The Shanghai Composite Index reclaimed the 4100-point level, while the Shenzhen Component Index settled above 15000 points. The ChiNext Index closed above 3700 points for the first time in nearly 11 years. The Beijing Stock Exchange 50 Index and the STAR Market Composite Index both rose over 1%. Market turnover expanded moderately to 2.58 trillion yuan.
Sector performance showed consumer electronics, communication equipment, non-metallic materials, and specialized and sophisticated SMEs leading the gains. In contrast, film and cinema, condiments, aerospace equipment, and general retail sectors were among the decliners.
Real-time Wind data indicated significant net inflows of main funds. The electronics sector attracted over 46.7 billion yuan in net inflows, communications saw over 21.6 billion yuan, and computers received over 13.7 billion yuan. Non-ferrous metals had net inflows exceeding 7.4 billion yuan. Power equipment, non-bank financials, automobiles, and pharmaceuticals & biologics each attracted over 3 billion yuan in net inflows. Conversely, the banking sector experienced net outflows of over 2.4 billion yuan. Construction and decoration, media, transportation, and food & beverage sectors also saw net outflows exceeding 1 billion yuan.
Regarding individual stocks, Foxconn Industrial Internet Co.,Ltd. attracted over 4 billion yuan in net main fund inflows. Hengtong Optic-Electric Co.,Ltd., Dongshan Precision Manufacturing Co.,Ltd., and Unisplendour Corporation Limited each received over 3 billion yuan in net inflows. Five other stocks, including TFC Optical Communication and New Essex Communications, also saw net inflows surpassing 2 billion yuan each. Foxconn Industrial Internet Co.,Ltd. experienced a notable late-session rally, touching the daily limit.
In market highlights, consumer electronics concept stocks remained strong throughout the session, with a noticeable surge in volume-driven buying near the close, pushing the sector index up by 5.62%. Jingsai Technology hit the 30% daily limit in the afternoon, while Xiechuang Data reached the 20% limit near the close. Dongshan Precision Manufacturing Co.,Ltd. and Avary Holding (Shenzhen) Co., Limited also surged to the daily limit in the afternoon session.
The rapid development of AI technology is fueling explosive growth in the smart electronics market. According to a CCTV report, transaction volume for smart glasses in the first quarter of 2026 surged over 220% year-on-year. AI sleep headphones saw transaction volume grow over 50% year-on-year, while smart plush toy sales increased 394% month-on-month.
Additionally, the foldable smartphone market is expanding rapidly. Counterpoint data shows that foldable phone sales in China reached 2.8 million units in the first quarter of 2026, a significant 65% increase year-on-year, capturing over 8% market share.
China Galaxy Securities noted that the consumer electronics industry currently shows a structural divergence, with traditional product categories experiencing sluggish growth while new AI applications are rapidly emerging. AI-driven innovation at the device level is a long-term trend, where ecosystem synergy and intelligent user experience have become core competitive factors. The firm recommends companies with technological barriers and supply chain advantages.
In Hong Kong markets, China Mobile Multimedia Broadcasting Corporation saw its shares plummet over 71% today, hitting a nearly one-and-a-half-year low. In the afternoon, the company announced a temporary suspension of trading on the Hong Kong Stock Exchange effective from 13:48 on April 22, 2026, pending the release of inside information.
Yesterday, the company announced that on April 20, 2026, it signed a framework strategic cooperation memorandum with Hong Kong Satellite Television International Media Group in Hong Kong. Both parties aim to jointly explore the satellite media market by integrating the company's satellite communication transmission technology with the media content resources of Hong Kong Satellite Television.
Looking ahead, Yingda Securities believes that the potential easing of geopolitical tensions and the quality of first-quarter earnings reports will be key factors influencing capital flows in the second quarter. The "earnings-driven" thematic logic is expected to regain prominence. Investors should prioritize safety and profitability in their allocations, adopting a balanced "steady growth + offensive" strategy: a base of high-dividend stocks, supplemented by growth sectors with strong momentum, select consumer segments, and energy security themes, while avoiding purely speculative stocks with weak fundamentals.
Guotai Haitong pointed out that while US-Iran negotiations and Middle East geopolitical situations remain volatile, the probability of extreme risks has decreased significantly. Investors' sensitivity to risk factors may gradually diminish, while their reaction to marginal improvements and positive variables could become sharper. The expansion of AI computing power and updates to military facilities are generating new demand for industrial metals. Metals like copper might experience temporary supply-demand imbalances, enhancing the attractiveness of allocating to the industrial metals sector.
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