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This morning, the stock market continued its strong momentum, with the Shanghai Composite Index rising 0.29% to approach 4100 points, hitting a ten-year high again. The Shenzhen Component Index and the ChiNext Index increased by 0.35% and 0.41%, respectively. However, individual stock performance was quite mixed, with over 2,700 stocks declining, and the median of gains and losses being negative.
Half-day trading volume reached 1.84 trillion yuan, an increase of 53.8 billion yuan compared to the previous day. Interestingly, domestic institutional funds were net sellers, offloading 34.15 billion yuan in half a day. This indicates that there are still significant disagreements within the market.
In terms of sector structure, the domestic technology replacement theme has fully exploded—stocks related to photoresist, lithography machines, semiconductors, and national big funds all surged, with multiple stocks like Core Micro and Nanda Optoelectronics hitting the daily limit. Storage chips and HBM concepts also performed well, with Puran Shares rising over 10%. Non-ferrous metals followed the trend upward, with GreenMeadow and China First Heavy Industries hitting the daily limit, and rare earth concepts also saw a rally.
The power sector has also gained momentum, with solid-state transformers, AI-powered electricity, optical modules, PCB, and other computing hardware all rising sharply. The pharmaceutical sector, including tourism and commercial aerospace, is also showing strength.
On the downside, lithium battery materials and financial payment concepts experienced a full correction, with lithium hexafluorophosphate, electrolytes, lithium iron phosphate, and others all declining collectively. Hengbao Shares fell more than 5%.
The main players are unloading stocks, yet the index is still rising. This doesn't look right.
This round of chips is truly amazing; semiconductors are soaring directly.
Lithium batteries are falling so sharply, is there still hope for new energy?
2700 stocks hit the limit down, only a small handful are making money. It's too competitive.
Lithography machines and HBM are all exploding; this is what hard technology looks like.
Domestic capital net sold over 30 billion, it feels like someone is dumping stocks.
The index hits a new high, but individual stocks are falling. This is a "false rally."
Rare earths and non-ferrous metals are all rising; have raw materials also bottomed out?
Lithium batteries are experiencing a fierce correction; is the new energy sector about to change?
Main domestic capital outflow of 34.15 billion yuan indicates smart money is harvesting, while retail investors are still chasing the tech replacement trend.
The chip and lithography sectors are indeed the eye of the storm, but a backtest of historical highs shows that such a full-scale breakout usually signals distribution... But who can resist FOMO? I'm also jumping in.
Lithium battery materials are all retracing; this risk factor needs to be reassessed. Is there arbitrage space, everyone?
With such a large divergence, it feels like a shakeout. The detail that the median is negative is a bit strange... Looking at it from another angle, could this be a sign of a shift?
The Shanghai Composite approaches 4100, but only 2700 individual stocks are falling. This divergence... has a certain flavor, everyone.
The index hits a new high but 2,700 stocks are falling, definitely a structural market. Don’t be fooled by the surface prosperity.
Domestic substitution is really aggressive this time, but the problem is most of the people chasing in are probably just the bagholders.
Domestic capital has offloaded 34.15 billion, smart investors have already started selling, and we’re still studying the limit-up boards...
The chip sector is indeed hot, but the question is—have you thought about the consequences of catching the falling knife at high levels?
A full correction in lithium batteries is the key. The new energy sector is a bit cool now, it seems funds are switching tracks.
Looking at the index rise alone is useless in this market; the truly real stocks are the 2,700 that are falling. The structural differentiation this time is intense.
The lithium battery sector has completely collapsed, from being a darling of new energy to being abandoned. It's a bit ironic. The money is limited; today chips are eating the meat, lithium batteries are drinking the soup.
What are the main players thinking as the Shanghai Composite approaches 4100 and they start selling? Are they afraid of high prices, or are they laying the groundwork for the next opportunity?
The trading volume of over 14 trillion yuan looks lively, but the net sell of 341 billion yuan reveals the true intentions. The market still isn't firm enough.