In early Tuesday trading, the three major A-share indexes opened low and went high, turning red as of noon closing. Stocks continued the general upward trend, and the half day turnover of the two cities reached 883.8 billion yuan.
On the disk, the strong plates in the early stage continued to differentiate, and the concepts such as lithium battery and chip retreated at a high level. Oversold sectors such as medicine, biology and securities companies increased compared with the previous ones.
100 billion chip leading limit
In early trading, northern Huachuang, a chip leader with a market value of nearly 200 billion yuan, closed at 362.35 yuan / share as of noon, with a turnover of 3.887 billion yuan.
Yesterday evening, a paper reduction announcement by the major shareholders of northern Huachuang was a direct trigger for the decline of the company’s share price.
On the evening of August 2, North Huachuang announced that the actual controller, Beijing Electronic Holding Co., Ltd., plans to reduce the cumulative number of shares of North Huachuang by means of centralized bidding transaction or block transaction within 6 months after 15 trading days from the date of disclosure, accounting for 1.00% of the total share capital of the company. According to the current stock price, the cash market value is nearly 2 billion yuan.
North Huachuang is a leading enterprise of high-end IC process equipment in China. The company has increased nearly 20 times since 2017. The share price rose from 20 yuan to 432 yuan.
Some market participants believe that the event that northern Huachuang was reduced by major shareholders may become a phased inflection point in the current round of chip market. Due to the extreme differentiation of the recent market and the increase of market vulnerability, combined with the negative concerns of subsequent incremental funds, the adjustment pressure of the current popular track may continue to rise.
Under the downward pressure of the chip sector, lithium and other new energy concepts also retreated in early trading. Jiuwu hi tech and tibet everest fell by more than 10%, greenmei fell by nearly 5%, and Ningde era fell by more than 2%.
Recovery of pharmaceutical sector
Oversold blue chip white horse stocks continued Monday’s strong performance, and the pharmaceutical sector took over the main force leading the rise today. Changshan Pharmaceutical Co., Ltd. and saisheng Pharmaceutical Co., Ltd. rose by 20%, Zhifei biological Co., Ltd. rose by 12%, and stocks such as Hengrui medicine, Aier Ophthalmology, pianzi Huang, Meirui medical treatment and Fosun medicine all rose by different ranges.