Summary · why it matters
On August 7, A-share medical and biotech, basic chemicals, and electronics sectors collectively erupted in a wave of limit-up moves, with the medical and biotech sector recording its largest single-day gain in the past month. The Shenwan Medical and Biotech Index closed up nearly 5%, with over 40 constituent stocks hitting limit-up or rising more than 10%. Wuzhou Medical sealed a 20% limit-up at the close, while Porton Pharma Solutions, Jinan Protein, and many others also hit the 20% limit-up. On the news front, the twelfth batch of national centralized drug procurement opened bids in Shanghai recently, successfully procuring 65 types of drugs. Century Securities views the marginal changes in procurement policy as positive. The basic chemicals sector turned higher in the afternoon, closing up over 1%, with Lianrui New Materials and Yinxi Technology rising more than 10%. The electronics sector remained strong, closing up over 3%, with a total of more than 30 stocks hitting limit-up or rising over 10%. Yibo Technology and Langte Intelligent also hit the 20% limit-up. Total turnover across the Shanghai, Shenzhen, and Beijing exchanges reached 2.68 trillion yuan on the day, with 30 stocks seeing turnover exceeding 10 billion yuan. The Shanghai Composite Index rose 1.02%, the Shenzhen Component Index gained 1.42%, and the ChiNext Index advanced 1.35%.