Strong heights on the Chinese Stock Exchange .. What is happening in the market?

Chinese markets have witnessed strong heights during the last session, as many shares recorded great gains, especially in the technology and fine equipment sector.

This positive performance reflects increasing confidence in investors in the ability of these companies to achieve growth in the future, supported by recent developments in artificial intelligence techniques and government policies that support innovation.

In this report, we will review in detail the most prominent winning stocks, and shed light on the factors that contributed to these altitudes.

The largest of the winners

شركة Hengong Precision Equipment (301261)

Hengong Precision Equipment made noticeable gains during the last session, as its share price increased by 20.01% to 60.10.10 Chinese, after an increase of 10.02 yuan.

This company is one of the main players in the accurate equipment and advanced technology sector, as it provides advanced solutions used in industrial manufacturing and electronics.

This rise is due to the increased demand for accurate equipment in the Chinese industrial sector, especially with the increasing orientation of companies to automation and improve productive efficiency.

شركة Guangzhou Anyka Microelectronics (688620)

Guangzhou Anyka Microelectronics has seen a 20.01%increase, bringing its share price to 17.99 Chinese, an increase of 3.00 yuan.

The company works in the semiconductor sector and electronic chips design, a strategic field where China is heading to invest in strongly, especially with the increasing geopolitical pressures and restrictions imposed on importing chips from the United States.

This rise comes after reports indicating that the company has made progress in developing highly efficient electronic chips that compete with its global counterparts, and that the increasing demand for semiconductors in areas such as artificial intelligence, communications, and cloud computing contributed to enhancing the performance of the stock, which makes it one of the most prominent winners in The last session.

SBT Ultrasonic Tech (688392)

SBT Ultrasonic Tech recorded a significant increase in its share price by 20.01%, to 45.88 Chinese yuan, an increase of 7.65 yuan, and the company works in the field of ultrasound, which is one of the advanced technologies used in the fields of medicine, industry, and material research.

This rise is due to the company’s announcement of contract new deals with major companies in the field of medical devices, which strengthened the confidence of investors in its ability to expand and grow in the market.

Qingcloud Technologies (688316)

Qingcloud Technologies increased by 20.01% to 49.06 Chinese yuan, after an increase of 8.18 yuan, and the company operates in the cloud computing sector and digital technologies, which is one of the most developed sectors in China, where companies and government institutions are racing for digital transformation and promoting data security.

This height was driven by the company’s announcement of the launch of a new cloud computing platform that depends on artificial intelligence techniques, which made it receive the attention of investors.

Longhorn Auto (301488)

Longhorn Auto recorded a strong increase by 20.00%, bringing the price of its share to 64.81 Chinese yuan, after gains of 10.80 yuan, and the company operates in the automotive and advanced technology industry, as it focuses on developing electric vehicles and smart solutions for transportation systems.

This rise came after the company announced a strategic partnership with one of the major technology companies to develop advanced self -driving systems, which strengthened the confidence of investors in the company’s future, and the increasing demand for electric cars and smart driving technologies made shares of companies operating in this field attract more Interest, which contributed to paying the Longhorn Auto arrow to make these great gains.

Market performance in general

Chinese markets ended the trading session at a strong increase, as the “CII 300” index recorded 1.26% to 3843 points, and the “Shanghai Al Makhlet” index increased by 1.27% to close at 3270 points.

This positive performance reflects a state of optimism among investors, backed by a great demand for technological stocks, especially after the recent developments in the artificial intelligence and local industrial sector.

Factors affecting the heights

Technology Sector:

China has witnessed a remarkable progress in developing advanced artificial intelligence models at competitive prices, which strengthened the attractiveness of technical companies, as well as the demand for semiconductor and cloud computing, which supported shares of companies operating in these sectors.

Supporting governmental procedures:

The Chinese government supported technological innovation by providing financial incentives for companies operating in this field, while alleviating some regulatory restrictions on the companies listed on the stock exchange helped attract more investors.

Foreign and local investors movements:

The market has witnessed an increasing demand from local and foreign investors on technology shares, which strengthened high prices.