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Express News | Insiders face heavy penalties; Hai Lan Xin shares plummet for consecutive days; company responds
Semiconductor leader plunges 11% in 9 minutes! High-volatility stocks across the market listed after another sharp swing the day following its earnings call
① Tuojing Technology experienced a sudden intraday plunge today, with its gain narrowing from 11.48% to 0.59% within nine minutes—a retracement of over 11 percentage points. ② Based on average daily price swings this week, Tuojing Technology ranked third among all listed stocks, trailing only two stocks listed on the Beijing Stock Exchange. ③ In terms of sector distribution, highly volatile stocks this week were heavily concentrated in the electronics and pharmaceuticals & biotechnology sectors.
Market Leader Hits 20% Daily Limit Up; List of A-Share Companies Disclosing M&A Progress This Week
① According to incomplete statistics, a total of 18 A-share listed companies disclosed updates on mergers and acquisitions or restructuring activities this week (see attached table); ② As of Friday’s market close, Hailanxin and Guolin Technology surged by 20% (the daily trading limit for ChiNext stocks), while Shikong Technology hit the daily trading limit.
Dragon & Tiger List | Over RMB 4.1 billion in funds heavily sold off GigaDevice! Shenzhen-HK Stock Connect bought RMB 428 million worth of Goldwind Science & Technology
Goldwind, Torrance, Hai Lan Xin
The commercial aerospace sector rose against the market trend in the afternoon session, as the commercialization of reusable rocket technology reshapes valuation across the industrial chain.
① Wang Ze, Chairman of the Board of China Xingyao, stated in an interview with Caixin that the significance of the Long March 10B’s maiden flight—during which it was recovered immediately after launch—lies not only in its technological breakthrough but also in completing the commercial aerospace industry’s transition from a model driven by policy and capital to one driven by intrinsic profitability. ② Huosheng Aerospace’s Qitian-2 is a two-stage, reusable heavy-lift launch vehicle, with its first stage employing an aerial net recovery system that does not require returning to the launch site.
A-Share Market Close: ChiNext Index down 4.37%; Semiconductor stocks decline, while innovative drug sector outperforms.
All three major A-share indices weakened collectively in the afternoon session. As of market close, the Shanghai Composite Index fell 1% to 3,996.16 points, the Shenzhen Component Index declined by 2.29%, the ChiNext Price Index dropped 4.37%, the Beijing Stock Exchange 50 Index edged down 0.02%, and the STAR 50 Index plunged 5.53%. Total market turnover amounted to RMB 3.4107 trillion, an increase of RMB 478.4 billion compared to the previous trading day, with more than 3,700 individual stocks advancing across the market. For the week, the Shanghai Composite Index lost 1.17%, the Shenzhen Component Index declined 3.53%, the ChiNext Price Index fell 4.41%, the Beijing Stock Exchange 50 Index dropped 6.11%, while the STAR 50 Index gained 4.52%. In afternoon trading, the semiconductor industry chain continued to retreat.