GEM Index rises 0.83% in the first half of the day; many stocks in the innovative medicine sector hit the daily limit

China Economic Net March 27 (Zhongxin Jingwei) report: On Friday’s early trading session, all three major A-share indexes opened lower and then moved higher. By the midday close, the Shanghai Composite Index was up 0.26% to 3,899.12 points; the Shenzhen Component Index was up 0.93% to 13,732.34 points; and the ChiNext Index was up 0.83% to 3,299.57 points.

In the first half of the day, the combined trading value on the Shanghai and Shenzhen markets was 1.14 trillion yuan, down by 84.3 billion yuan from the previous trading day. Individual stocks were mostly up rather than down, with more than 3,700 stocks rising across the whole market.

Source: iFinD (Tonghuashun)

On the market front, among sector themes, sectors such as energy metals, minor metals, chemical pharmaceuticals, and agrochemical products led the gains, while sectors such as power, coal mining and processing, highway and railway transportation, banks, and insurance were among the top decliners.

Among concept sectors, themes such as heavy equipment reorganization for military equipment, innovative drugs, cell immunotherapy, and weight-loss drugs led the gains, while sectors such as biomass power generation, the ice-and-snow industry, and green power lagged.

The innovative drugs concept collectively surged; stocks including Keyto Bio, Wanbangde, Lianhuan Pharmaceutical, Zhaoyan New Drug, Kanghong Pharmaceutical, and Shuanglu Pharmaceutical hit their daily limit.

Guangfa Securities believes that in the short term, the market may continue to oscillate repeatedly at the current level, digesting floating supply and waiting for more clear fundamental signals. Investors should maintain patience, shift from a broad “market-wide rally” mindset to deeper cultivation of sub-sectors, and actively seize structural opportunities while keeping overall risk under control.

Jufeng Investment Advisor stated that, judging from the current trend, the market has already shown clear differentiation. Resource stocks such as oil and gas and technology stocks are exhibiting a noticeable seesaw pattern. As external “black swan” events have not yet fully subsided, the A-share market will likely continue to fluctuate; investors may focus on the low-entry opportunities after pullbacks in previously popular industry leaders. From a long-term perspective, with policy stimulus, the A-share market and the economy are expected to see a synchronized upward turning point. (China Economic Net APP)

]article_adlist–>

A massive amount of information and precise analysis—right on Sina Finance APP