A-share midday trading | The Shanghai Index rose slightly, hit a sharp decline, and precious metals and digital currencies bucked the trend
Market Overview
The Zhitong Finance App learned that on August 6, the three major A-share indices rebounded for a while after opening low. The GEM index rose more than 1% in the intraday period, then fluctuated and fell again. The market showed a divergent pattern of “mixed index ups and downs, and individual stocks fell more and less”. By the midday close, the Shanghai index rose 0.01% to 3878.92 points; the Shenzhen Index fell 0.52% to 14070.78 points; and the GEM index fell 0.67% to 3511.47 points. Science Innovation 50 fell 0.16%, while Beijing Stock Exchange 50 fell 0.38%. More than 3,700 stocks fell in the entire market, and individual stocks rose by about 1,700. The half-day turnover of the entire market was about 1.77 trillion yuan, an increase of about 62.6 billion yuan compared to the previous trading day. The net half-day net outflow of the main capital of the entire market was about 32.2 billion yuan.
Overview of the plate
On the upward side, the precious metals sector showed strong performance, with Jinyi Culture and Shengda Resources going up and down; the digital currency concept fluctuated; Feitian Chengxin rose and stopped by 20cm; Hengbao shares, Chutianlong, and Cuiwei shares rose and stopped; the 6G concept strengthened, Tongyu Communications rose and stopped 20%; the coal mining and processing sector fluctuated, and Haohua Energy rose and stopped; the PCB concept fluctuated and rebounded. Baoding Technology went up and down in 5 days, and Jingwang Electronics and Fangzheng Technology rose and stopped. On the downside, the automotive sector fluctuated and fell, with BAIC Blue Valley leading the decline; Xinneng shares fell by more than 4% due to collective adjustments in the power grid sector, and Long Cable Technology fell; and the education and securities sectors weakened. Overall, capital is biased towards safe-haven and resource sectors such as precious metals and coal, while electricity, automobiles, etc. which were active in the early stages experienced a return in profits.
Popular sections
1. Strong performance in the precious metals sector
The precious metals sector showed strong performance. Jinyi Culture and Shengda Resources had two consecutive gains, and Zhaojin Gold, China Gold, and Chifeng Gold had higher gains.
Comment: According to the news, spot gold once reached the 4,300 US dollars/ounce mark in the intraday market, the first time since June 18 this year. The price of domestic gold jewelry then rose. Lao Fengxiang's price was 1,293 yuan/gram, an increase of 56 yuan in a single day; Laomiao's price of gold was 1,299 yuan/gram, an increase of 63 yuan in a single day; and Zhou Shengsheng's price was 1,295 yuan/gram, an increase of 58 yuan in a single day. According to statistics from the China Gold Association, domestic gold ETF holdings reached 276.529 tons in the first half of 2026; as of the end of June, China's gold reserves were 2346.45 tons, which had increased its gold holdings for 20 consecutive months.
2. The 6G concept strengthened in the intraday market
The 6G concept strengthened intraday. Tongyu Communications rose and stopped in a straight line 2 minutes after opening, Guangha Communications rose and stopped 20%, and Wuhan Fangu and Vogue Optoelectronics sealed.
Comment: According to the news, Nvidia is speeding up its entry into the telecom operator market and is looking for base station manufacturer partners in China to develop 6G base stations that meet the requirements of overseas markets. Nvidia believes that next, computing power will need to be transmitted from the data center to a large number of AI terminals and users, and eventually it will need to rely on wireless transmission from base stations. The Shenzhen Jiaxian Communications mentioned in the report is a company recently acquired by Tongyu Communications.