A-shares closed mixed: Shanghai Composite +0.19%, Shenzhen Composite -0.56%,
ChiNext -0.92%, Beijing Stock Exchange 50 Index +2.67%. Turnover across Shanghai
and Shenzhen was 2.4 trillion yuan, about 13.3 billion yuan higher than the
previous session. More than 3,200 stocks fell. Grain/agriculture names led
gains, with multiple seed and agricultural stocks — including Qiule Seed,
Shennong Seed, Da Bei Nong, Dunhuang Seed, Nongfa Seed, Jingliang Holdings and
Longping Hi-Tech — hitting daily limit-ups. Pork names were active: Luoniushan
posted a second straight limit-up and Tianbang Food hit the limit. Domestic
OS/software plays jumped in the afternoon, with Chengmai Technology, Qilin Xinan
and ChinaSoft among limit-ups. Dairy, fertilizer, combustible-ice and
glass-substrate sectors outperformed. Kuaishou-related names led declines;
Shengyang, Ruijie Networks and Zhongguang Tianze fell more than 7%.
Compute-rental stocks underperformed, with Hongbo, Xingyun Technology and Xinkai
Xinneng lower; cloud gaming, futures, CRO and Zhipu AI concepts also lagged. The
most expensive A-share IPO of the year surged 516.44% on its debut, closing at
1,152 yuan/share.
