A-shares midday review: The three major indices all rose more than 1% at midday; resource cycle stocks such as oil, gold, and chemicals all surged collectively.

K-LinePoet · 2026-02-24T03:37:18+00:00

The three major indices in the A-shares market rose collectively in the early trading session, with the Shanghai Composite Index up 1.17%. Oil and gas, precious metals, and other sectors performed strongly, with more than a dozen stocks hitting the daily limit. The film and television cinema chain and AI application sectors experienced adjustments, with many stocks falling sharply, indicating a divergence in market sentiment.

K-LinePoet

2026-02-24 03:37:18

Abstract generation in progress

The three major A-share indices rose collectively in the early trading session. By midday, the Shanghai Composite Index increased by 1.17%, the Shenzhen Component Index by 1.82%, the ChiNext Index by 1.76%, and the Beijing 50 Index by 0.93%. The combined half-day trading volume of the Shanghai, Shenzhen, and Beijing markets reached 15.21 trillion yuan, up 3.07 trillion yuan from the previous day. Over 4,200 stocks in the market rose.

In terms of sectors and themes, the top gainers included oil and gas exploration and services, precious metals, optical fiber concepts, phosphate chemicals, chemical raw materials, power grid equipment, coal mining and processing, CPO, and port shipping. The biggest declines were seen in film and television cinemas, AI applications, cloud computing, tourism and hotels, insurance, and white liquor sectors.

Market-wise, concerns arose over Trump’s tariff policies and the imminent US-Iran tensions. Resource cycle stocks such as oil and natural gas, gold, and chemicals surged across the board, with many stocks like Zhongman Petroleum, Hunan Silver, and Jinniu Chemical hitting the daily limit. Driven by AI demand growth, hardware stocks like optical fiber, CPO, and PCB also strengthened simultaneously. FiberHome Technologies hit the daily limit again, reaching a new historical high, while Tianfu Communication, Zhongji Xuchuang, and Nanjing Yisheng led the gains. Additionally, port shipping, storage chips, and power grid equipment sectors showed multiple signs of growth.

On the other hand, film and television cinemas experienced a sharp decline in the early session. Light Media temporarily hit the 20% limit down during trading. Companies like China Film, Hengdian Film & TV, and Bona Film Group also saw significant drops. According to the National Film Administration, as of 9:00 AM on February 24, the box office for the 2026 Spring Festival was 5.752 billion yuan. Most AI application concept stocks declined simultaneously, with Daily Interactive and Jindai Modern among the biggest losers.

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