A-share midday trading | The three major indices collectively closed, Pharmaceuticals and Biotech exploded, and the gold grid strengthened
The Zhitong Finance App learned that on August 20, the three major A-share indices collectively opened higher. The market declined slightly and narrowed after rushing higher in early trading, showing a pattern of “indices collectively closing up, individual stocks generally rising, and pharmaceutical gold leading the way”. By the midday close, the Shanghai Index had risen 0.28% to 3905.23 points, the Shenzhen Index had risen 0.97% to 14024.41 points, and the GEM index had risen 1.03% to 3509.44 points.
More than 4,300 stocks rose in the entire market, about 1,000 stocks fell, and more than 80 stocks rose or stopped. The Shanghai and Shenzhen markets traded about 1.37 trillion yuan in half a day, down about 246.9 billion yuan from the previous trading day.
Overview of the plate
On the upward side, sectors such as pharmaceutics, precious metals, power grid equipment, and digital currency registered the highest gains. On the downside, sectors such as agriculture, banking, coal, oil and gas declined. Overall, driven by news such as an overnight rebound in US stocks, a sharp rise in spot gold, and the MSD and Modena mRNA cancer vaccine phase III clinical positives, sectors such as pharmaceuticals and biology, precious metals, and power grid equipment received financial attention. The agriculture, coal and other sectors bucked the trend yesterday.
Popular sections
1. A collective outbreak in the pharmaceutical-biological sector
The pharmaceutical biotechnology sector grew high, with gains in vaccines, cellular immunity, recombinant proteins, gene editing, etc., with ternary genes rising and stopping 30CM; Shijiao Innovation, Boteng shares, Heyuan Biotech, Cansino, Jiankai Technology, Huada Intelligent Manufacturing, etc. rising and stopping 20CM; Watson Biotech and Zhifei Biotech rising and stopping at 20CM; Kangtai Biotech and others rising and stopping by more than 10%.
Comment: According to the news, MSD and Modena announced on August 19 that the first phase III clinical trial (Interpath-001) of the personalized mRNA cancer vaccine IntiSmeran Autogene (Interpath-001) of the two partners obtained initial positive results. The joint plan significantly extended the time that high-risk melanoma patients did not recur after surgery and reduced the risk of distal metastasis. This is the first time that an mRNA cancer vaccine has been successful in large-scale phase III clinical trials. Driven by this, US stocks of Modena surged nearly 177% to $174.38 overnight, while MSD rose more than 12%.
2. The power grid equipment sector showed active performance
The power grid equipment sector fluctuated and strengthened. Fengfan Co., Ltd. rose and stopped at the 8-board level in 14 days, and Zhengtai Electric went up and down.
Comment: According to news, on August 18, the State Grid and China Southern Power Grid held talks in Guangzhou and signed the “Strategic Cooperation Framework Agreement to Implement the “15th Five-Year Plan” to accelerate the construction of new power grids. The two sides will jointly promote the construction of new power systems, major power projects, and the construction of a unified national electricity market. The expected warming of power grid investment will drive the sector to be active.
3. The precious metals sector opens high and moves high
The precious metals sector had the highest gains. Societe Generale Silver and Tin rose and stopped, Shandong Gold and Shengda Resources rose more than 8%, Chifeng Gold rose more than 6%, and China Gold and Western Gold followed suit.
Comment: According to the news, spot gold rose more than 4% and returned above 4,500 US dollars; overnight, the three major US stock indices collectively closed higher. The yield on 30-year US bonds fell from a high of 5.31%, the US dollar index weakened, and the rise in gold prices led the precious metals sector to rise.