A-shares midday review: The ChiNext Index rebounded after hitting a bottom, rising 0.65% at midday; chemical and traditional Chinese medicine sectors collectively surged

K-LinePoet · 2026-02-06T03:36:49+00:00

The three major indices in the A-shares market generally rose in the early trading session, with the Shanghai Composite up 0.11%, and the Shenzhen Component and ChiNext Index both up 0.65%. The chemical raw materials, traditional Chinese medicine, and other sectors performed well, while consumer stocks like Baijiu pulled back. Market trading volume was 13,950 billion yuan, with most stocks rising. Policy favorable news and international giants boosted related sectors.

K-LinePoet

2026-02-06 03:36:49

Abstract generation in progress

The three major A-share indices all rose collectively in the morning session. By midday, the Shanghai Composite Index was up 0.11%, the Shenzhen Component Index increased by 0.65%, the ChiNext Index rose by 0.65%, and the Beijing 50 Index gained 1.05%. The combined half-day trading volume of the Shanghai, Shenzhen, and Beijing markets was 13,950 billion yuan, a decrease of 642 billion yuan compared to the previous day. Over 3,800 stocks in the entire market rose.

In terms of sectors and themes, chemical raw materials, traditional Chinese medicine, batteries, oil and gas exploration and services, optical fiber, power grid equipment, and PCB concepts led the gains; while liquor, tourism and hotels, retail, cultural media, coal mining and processing, and military equipment sectors underperformed.

On the market, influenced by favorable policies, the traditional Chinese medicine sector opened high in the morning, with Teyi Pharmaceutical and Hansen Pharmaceutical both hitting the daily limit-up. The price increase of global chemical giant BASF boosted the chemical sector, with stocks like Jinniu Chemical hitting the daily limit-up. PCB concept stocks showed unusual activity during the session, with Shennan Circuit hitting the limit-up and Shenghong Technology following suit, amid several US tech giants’ capital expenditures exceeding expectations.

Additionally, non-ferrous metals and oil and gas resource stocks recovered after a low open. On the other hand, consumer stocks such as liquor, retail, and tourism failed to sustain yesterday’s gains and pulled back, with Huangtai Liquor hitting the limit-down, and Baida Group and Guoguang Chain experiencing significant declines.

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