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A-share "millet economy" stocks rise, Shenzhen state-owned enterprises surge.

A-share "millet economy" stocks rise, Shenzhen state-owned enterprises surge.

TraderKnowsTraderKnows
11-28
Summary"Millet Economy" stocks remain hot, with companies urging caution; trading halts in Shenzhen state-owned enterprise reform stocks boost market activity.

11.28 Stock

On November 28, the A-share market showed a trend of oscillation and adjustment, with the three major indices opening lower and moving in different directions. As of the time of writing, the Shanghai Composite Index has rebounded into the green, while the Shenzhen Component Index and the ChiNext Index saw slight declines. Meanwhile, the Beijing Stock Exchange saw increased investor interest, with the Beijing 50 Index up by 1.46%. On the market, sectors like the "millet economy," blind box economy, and digital watermark were leading the gains, while precious metals, oil & gas, and cinema sectors underwent a pullback.

"Millet Economy" Leads Concept Boom

Recently, the "millet economy" concept has become a spotlight in the A-share market, with related stocks showing strong performance. As of the time of writing, Alpha Animation's share price rose by 5.26%, having previously hit the daily limit during the session. Huali Technology recorded a 14.67% increase, indicating the market's strong interest in this sector.

However, several listed companies have issued warnings about the hype surrounding the "millet economy" concept. On the evening of November 26, Alpha Animation announced that its involvement in the "millet economy" and "AI application" businesses is still at an early development stage and carries significant uncertainty. Huali Technology also emphasized in its announcement that it will explore directions for cooperation in the "millet economy," reminding investors to invest rationally and be mindful of market risks.

In addition, companies like China Online and Mango TV have responded to investor inquiries, stating they have already laid out plans in IP peripherals and derivative product development and are actively pursuing new projects. For instance, China Online has established an IP product matrix including domestic, Japanese, and American anime, covering trendy toys and plush dolls. Mango TV's Xiaomang APP has launched a subculture channel, further expanding its IP derivative business.

Shenzhen State-Owned Enterprise Reform Stocks on the Rise

Aside from the "millet economy" concept, the Shenzhen state-owned enterprise reform sector performed strongly today. Jianke Institute hit the daily limit with a 20 cm increase, Lianhua Tech rose nearly 8.5% in early trading before also reaching the limit, and local stocks like Shenzhenye A, Shenzhen Textile A, and Tel A all increased by more than 5%. Market analysis suggests that the ongoing progress of Shenzhen's state-owned enterprise reform is a significant driver attracting investors' attention.

Market Frenzy and Risks Coexist

Although market hotspots have been emerging continuously, related companies have repeatedly reminded investors to remain rational. Market commentators point out that in the short term, concept speculation might cause stock price fluctuations, but investors should focus on the company's fundamentals and long-term value to avoid blindly following trends.

Overall, the A-share market's thematic sectors have shown remarkable performance, but volatility remains present. Future trends need to watch the flow of market funds, policy dynamics, and the actual performance of enterprises.

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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