A-share review | The three major indices surged higher and fell, and Pharmaceutical CRO bucked the trend and surged
The Zhitong Finance App learned that on August 13, the three major A-share indices surged higher and fell collectively. At the close, the Shanghai Composite Index reported 3926.96 points, down 0.50%; the Shenzhen Securities Index reported 14289.44 points, down 0.87%; the GEM Index reported 3586.04 points, down 0.45%; the Science and Technology Innovation 50 Index reported 1717.75 points, down 1.11%; and the Beijing Securities 50 Index reported 1097.80 points, down 1.62%. The turnover of the Shanghai and Shenzhen markets is about 2.55 trillion yuan, which is about 398.5 billion yuan compared to the previous day. The entire market rose 1,143 companies, fell 4,317 companies, rose and stopped 62 companies, and dropped 4 companies. The profit effect was about 20%. Sectors such as medical services, CRO, innovative pharmaceuticals, traditional Chinese medicine, electricity, and major state-owned banks registered the highest gains, while sectors such as precious metals, industrial metals, small metals, glass and glass fiber, education, and real estate registered the highest declines.
driving factors
On the same day, the index opened high and fell. The three major indices collectively turned green at the end of the session. The Shanghai Stock Exchange had the smallest decline and the Beijing Stock Exchange 50 had the highest decline; weighted sectors such as major state-owned banks and liquor fought against the decline. Only about 20% of the entire market rose and more than 4,300 individual stocks fell, showing a divergent pattern of relative weight resistance to decline and subject individual stocks generally falling. Pharmaceutical biology bucked the trend. Sectors such as medical services, CRO, innovative drugs, and traditional Chinese medicine registered the highest gains. According to news, BD transactions continued to be popular in the field of innovative drugs, and a single three-pound deal hit on August 10. Pharma Ming Kant announced that the US District Court for the District of Columbia approved its preliminary injunction motion on August 7 and was exempted from the immediate adverse effects of the 1260H list determination during the lawsuit against the US Department of Defense. The non-ferrous metals sector collectively declined, with precious metals, industrial metals, and small metals leading the decline. The turnover of the two markets reached about 2.55 trillion yuan, an increase of about 398.5 billion yuan over the previous day.
Popular sector aspects
1. [Pharmaceutical/CRO/Innovative Drugs] The medical service, CRO, and innovative drug sectors registered the highest growth, and pharmaceuticals became the strongest main line of the day. Boji Pharmaceutical, Longshen Rongfa, and Wanbang Pharmaceutical went up and down 20CM, Yuheng Pharmaceutical had 4 boards in 5 days, and Yatai Group had 3 consecutive boards. In terms of catalysis, the popularity of BD transactions in the field of innovative pharmaceuticals continued unabated. On August 10, a single three-pound deal occurred; Pharmaceutical Kangde announced that the US District Court for the District of Columbia approved the preliminary injunction motion, suspending the impact of the 1260H list determination.
2. [Electricity] The electricity sector fluctuated higher in the afternoon. Datang Power Generation, Jingneng Electric Power, and Jianghe Group went up and down, Meiyan Jixiang rose 9.47%, and Huadian Lioneng rose 9.02%.
3. [Computing Power/Supernode] Computing power leasing and supernode concepts are active. Gongjin Shares and Starnet Ruijie went up and down, Ruijie Network rose 13.52%, and Chengdi Xiangjiang was on the 3rd consecutive market. The performance of overseas AI computing power companies exceeded expectations. Nebius' second-quarter revenue increased 454% year on year, overnight stock prices rose more than 34%, and CoreWeave's revenue doubled and rose more than 19% overnight.
Adjust the section
Sectors such as precious metals, industrial metals, small metals, glass and glass fiber had the highest declines on the same day. Xiaocheng Technology fell nearly 9%, Zhaojin Gold fell nearly 8%, Hunan Baiyin fell more than 7%, and Chuanzhi Education fell to a halt. The above directions all showed a certain increase in the previous period. The decline on the same day was the highest, and the market showed clear sector rotation.