Surge in volume! Two major sectors, a wave of limit-up hits!

A-shares surge on heavy volume.

The A-share market saw a broad-based rally this morning (April 8), with major indices posting solid gains. In particular, the ChiNext Index jumped nearly 5%, becoming one of the best-performing indices in the A-share market in the morning; the STAR Market Composite Index also performed remarkably, rising 4.53% by the morning close.

Hong Kong stocks moved strongly higher this morning. The Hang Seng Index’s intraday gain at one point exceeded 3%, and at another point it rose by more than 700 points.

A-shares: Multiple sectors sparked a limit-up frenzy

The A-share market rallied overall this morning, with major indices recording noticeable gains.

By the morning close, the Shanghai Composite Index rose 1.92%, gaining more than 70 points; the Shenzhen Component Index rose 3.87%; the ChiNext Index rose 4.81%; and the STAR Market Composite Index rose 4.53%.

In terms of major industry sectors and tracks, multiple sectors sparked a limit-up frenzy.

If categorized by Shenwan Level-1 industries, the media sector led the gains, with intraday gains exceeding 5%. BlueFocus Communication Group hit the daily limit in the “20cm” board intraday; Yidian Tianxia, Tianlong Group, Worth Buying and others saw intraday gains exceeding 10%; while Huanrui Century, Ebroading Media, Zhejiang Web-Links, Tiandi Online, Jili Media, Guangdong Media and others hit the daily limit in intraday trading.

The electronics sector also saw a limit-up frenzy. Xunxixing hit the daily limit in the “20cm” board intraday; Shanong Chuangxin, Kiwitech, and Lianlian Technology saw intraday gains exceeding 10%; in addition, more than 10 other stocks, including AOC Technology, Yidun Electronics, and CETC Port, touched the daily limit intraday.

The nonferrous metals sector also saw “a chorus of rallies.” Xiaocheng Technology and Yonyuan Fencai saw intraday gains exceeding 10%; while West Gold, Xingshi Yinx i, and Zhaojin Gold hit the daily limit intraday.

In addition, sectors such as communications, computers, mechanical equipment, and national defense and military industry ranked among the top gainers.

Under the impact of sharp changes in geopolitical conditions, international oil prices began to fall significantly. As a result, in the morning, two major A-share sectors—coal and oil & petroleum refining and petrochemicals—declined.

Two new stocks surged in intraday trading

Today, two new stocks were listed on the A-share market, and both jumped sharply.

Red Board Technology rose more than 220% intraday in the morning.

According to the prospectus, Red Board Technology focuses on R&D, production, and sales of printed circuit boards. Its product positioning targets mid-to-high-end application markets and features characteristics such as high precision, high density, and high reliability. It is one of the companies in the industry with a high share of HDI board revenue, and is capable of mass-producing any interconnect HDI boards and IC carrier boards. The company has formed a complete product structure, with products including HDI boards, rigid boards, flexible boards, rigid-flex boards, quasi-carrier boards, IC carrier boards, and others, and it also has comprehensive capabilities in technical R&D and production. The company can provide customers with diversified product options and one-stop services. The company’s products are widely used in fields such as consumer electronics, automotive electronics, high-end displays, and communications electronics, where it has clear competitive advantages and market standing in consumer electronics and automotive electronics.

The prospectus states that the company is a major supplier of main phone HDI motherboards to 8 of the world’s top ten smartphone brands. Its products cover well-known consumer electronics terminal brands globally, including OPPO, vivo, Honor, Xiaomi, Samsung, Tecno, Huawei, and Motorola.

The other new stock, ChenGuang Electric Motor, saw its intraday gain reach as high as 100% in the morning.

According to the prospectus, ChenGuang Electric Motor specializes in the R&D, production, and sales of micromotors. Its products are mainly used in the cleaning-appliance sector led by vacuum cleaners. With rich production experience and deep technical know-how, the company can provide customers with AC commutator motors, DC brushless motors, and DC brushed motors suitable for a variety of application scenarios. In the micromotor segment for cleaning appliances, the company has strong competitiveness. In addition to the cleaning-appliance sector, the company’s products are also used in power tools and other fields.

Hong Kong: Hang Seng Tech Index surges more than 4% intraday

Hong Kong stocks moved strongly higher this morning. The Hang Seng Index’s intraday gain at one point exceeded 3%, and at one point it rose by more than 700 points.

Among Hang Seng Index constituent stocks, multiple stocks including Luoyang Molybdenum, Meituan-W, SMIC, Pop Mart and others saw intraday gains exceeding 8%.

The Hang Seng Tech Index gap-up opened higher and its intraday gain exceeded 4%. Among Hang Seng Tech Index constituent stocks, Hua Hong Semiconductor surged, with its intraday gain exceeding 14%.

Proofread by: Ran Yanqing