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The market exhibited a volatile yet rebound-filled performance during the morning session, with the GEM Index taking the lead in terms of growth. The combined trading volume on the Shanghai and Shenzhen stock exchanges hit 1.37 trillion yuan in the morning, marking a slight downturn from the previous trading day. The spotlight was firmly on the new energy sector, with solid-state batteries, photovoltaics, wind power, and related areas posting robust gains. Several stocks, including Tianji Co., Ltd., soared to their daily limit. CPO concept stocks also demonstrated a volatile rebound trend. On the flip side, consumer stocks faced corrections, with tourism, insurance, and similar sectors leading the downward trend. By midday, the Shanghai Composite Index had climbed 0.35%, the Shenzhen Component Index had jumped 2.01%, and the GEM Index had skyrocketed by 3.48%.
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