A-Share Review: Shanghai Composite Index Reaches a New High, PEEK Material Concept Leads the Gains! Over 4,100 Stocks Rise, Trading Volume Reaches 1.85 Billion; Institutional Analysis

August 11 message, the Shanghai Composite Index created a new high in the intraday, and the ChiNext Index rose nearly 2%. Sector-wise, the PEEK material concept led the gains on both markets. The dual-circuit stocks such as Technology and Fangfeng Lithium Industry (002460) rose to the daily limit; lithium mining concept stocks such as Tianqi Lithium Industry (002466) and Ningde Times (300750) rose sharply. The battery sector followed the gains, with Chengdu Battery Co., Ltd. (002345) and Redstone Gold Co., Ltd. (600988) rising to the daily limit. The banking stocks weakened, with Guangda Bank Co., Ltd. (601818) and China Shipping Co., Ltd. (600150) falling sharply. The concept stocks of shipbuilding and real estate weakened, with Jiuzhou Ocean Co., Ltd. (300516) and China Shipping Co., Ltd. (600151) falling sharply. Overall, the individual stocks rose by over 4,100 shares. As of the close, the Shanghai Composite Index reported a price of 3,647.55 points, up 0.34%; the Shenzhen Component Index reported a price of 11,291.43 points, up 1.46%; and the ChiNext Index reported a price of 2,379.82 points, up 1.96%. On the market front, the PEEK material, energy metals, and battery sectors led the gains, while the precious metal, shipbuilding, and banking sectors weakened.