Over 3,700 stocks rose, with lithium batteries and innovative drugs collectively gaining strength. Experts: A-shares may hit new highs this year.

For stock trading, look at the Jin Qilin analyst reports; authoritative, professional, timely, and comprehensive, helping you uncover potential thematic opportunities!

Reporter丨Zhang Jiayu Lin Jianmin

Editor丨Zeng Jingjiao

On March 27, the A-share market opened lower but rose throughout the morning session. By lunchtime, all four major indices were in the green, with the Shanghai Composite Index up 0.26%, the Shenzhen Component Index up 0.93%, the ChiNext Index up 0.83%, and the STAR Market Composite Index up 1.08%. The trading volume in the Shanghai and Shenzhen markets reached 1.14 trillion yuan, with over 3,700 individual stocks rising.

From a sector perspective, the innovative drug concept surged collectively, with the A-share innovative drug sector rising 3%. Meheco (rights protection) hit the daily limit within five minutes of opening, achieving five limits in six days. Kintor Pharmaceuticals hit the 20% daily limit, Wanbangde achieved three limits in four days, and Lianhuan Pharmaceutical and Shuanglu Pharmaceutical also hit the daily limit. The Hong Kong innovative drug sector also strengthened, with Innovent Biologics achieving its first full profitability and rising more than 7% at one point; AoStar Life Science surged 27%, and CStone Pharmaceuticals rose over 19%. According to reports from Securities China, Novo Nordisk’s “global drug king” semaglutide’s core compound patent expired in China, triggering a market rush towards Chinese weight-loss drug concept stocks.

Lithium battery concept stocks saw a wave of daily limits, with Jiangte Electric, Rongjie Co., Shengxin Lithium Energy, Yongxing Materials, and Jinyuan Co. (rights protection) all hitting the daily limit, while Haike Xinyuan rose over 12%. At the same time, Hong Kong lithium stocks strengthened, with Ganfeng Lithium rising 7.43% and Tianqi Lithium rising 5.02%. On the news front, the main contract for lithium carbonate on the DCE expanded its gains, rising over 4.5%, surpassing 160,000 yuan/ton during the day, now reported at 165,800 yuan/ton.

The CPO concept saw a partial rebound, with optical chips leading the way. Yunnan Geology Industries hit the daily limit, and Tengjing Technology rose over 8%, both reaching historical highs. Guangku Technology, Jieput, Zhishang Technology, Dekeli, and Shijia Photonics also followed suit. On the news front, at the 2026 Fiber Optic Communication Conference and Exhibition, various optical communication manufacturers emphasized their expansion plans for core devices and materials in optical modules.

On the downside, multiple stocks in the green energy sector fell, with Liaoning Energy hitting the limit down, and Energo Wind and Haoli Wind dropping significantly.

The major indices in Hong Kong collectively turned red, with the Hang Seng Index rising 0.3% and the Hang Seng Tech Index rising over 0.7%. Automotive stocks led the way strongly, with Leap Motor and BYD both rising over 4%, while Li Auto increased over 2%. Most tech stocks rose, with JD Health and Meituan increasing over 2%, NetEase and Xiaomi rising over 1%, while Baidu fell nearly 2% and Tencent Holdings dropped about 0.5%.

Zhang Yidong says the real TACO has yet to arrive

A-shares may hit new highs this year

According to 21st Century Business Herald, Zhang Yidong, a member of the Executive Committee and Chief Economist at Haitong International, pointed out that the U.S. has recently been trying to cool the situation by easing capital markets with rhetoric, but the “marginal effect is diminishing,” and the real TACO has not yet arrived.

If the real TACO arrives, it will drive a rebound in the gold and capital markets. Zhang Yidong believes that “gold at over $4,000 per ounce presents opportunities both tactically and strategically,” and because A-shares and Hong Kong stocks are affected by overseas issues, “this does not hinder the medium- to long-term trend in China,” and he is also optimistic about A-shares and Hong Kong stocks reaching new highs in the second half of the year.

In terms of allocation priorities, Zhang Yidong believes that before a ceasefire, gold, energy, and resources should be the top choices; after a ceasefire, among safe assets, he suggests only retaining gold, while considering high-tech, hard tech, and advanced manufacturing for the rest.

Sina’s statement: This news is reproduced from Sina’s cooperative media. Sina.com publishes this article to convey more information and does not imply endorsement of its views or confirmation of its description. The content of the article is for reference only and does not constitute investment advice. Investors act on this at their own risk.

Vast information, precise interpretation, all in the Sina Finance APP

Editor: Gao Jia