On July 21, A-shares staged a miracle day, with major indices reversing in a V-shape. The STAR 50 surged over 10% and the ChiNext Index rallied more than 7%. More than ten stocks, including Bomin Electronics, Grinm Advanced Materials, and Accelink Technologies, swung from limit-down to limit-up during the session, with highly synchronized moves, mostly in the tech sector. Xue Hongyan, a special researcher at Suning Bank, analyzed that the main drivers were policy support and a concentrated resonance of oversold rebound sentiment. After a prolonged correction in the tech sector, panic sentiment was nearly exhausted. Over the weekend, the national team announced large-scale increases in holdings of central state-owned enterprise and tech stocks, regulators made intensive statements on maintaining stable market operations, and listed companies disclosed buyback and shareholding increase plans in a concentrated manner. In early trading, massive buy orders poured into hard-tech areas such as chips and optical communications, forcefully lifting stock prices from the limit-down board. In the afternoon, overall market sentiment warmed up, leading to a collective reversal. Dragon and tiger list data for some stocks showed fierce battles among institutional funds. For example, in Yoke Technology, institutional seats accounted for seven spots, with net institutional selling of 133 million yuan and net northbound buying via Shenzhen-Hong Kong Stock Connect of 85.5318 million yuan. In Accelink Technologies, institutional seats also took seven spots, with institutional buying of 1.573 billion yuan and selling of 896 million yuan, resulting in a net institutional purchase of 677 million yuan.
Accelink Technologies Co Ltd
Jiangsu Yoke Technology Co Ltd
Grinm Advanced Materials Co Ltd
Bomin Electronics Co Ltd