A-share midday trading | GEM index fell nearly 6%, big consumption bucked the trend and technology stocks fell sharply

The Zhitong Finance App learned that on July 30, the three major A-share indices collectively opened lower and opened lower in early trading. By the midday close, the Shanghai Index was down 1.15%, the Shenzhen Index was down 3.79%, and the GEM Index was down 5.89%; Science and Innovation 50 was down 6.34%, and the Beijing Stock Exchange 50 was down 0.46%. The entire market rose 1901 stocks, fell by 3,458 individual stocks, and rose and stopped by 51. The half-day turnover of the Shanghai, Beijing, and Shenzhen markets was about 1.46 trillion yuan, down about 26.4 billion yuan from the previous trading day. In terms of main capital, the electronics sector had a net outflow of more than 25.2 billion yuan in half a day, and Zhongji Xuchuang received net sales of more than 3.8 billion yuan from the main capital; the food and beverage, automobile and vehicle sectors received a net inflow of main capital.

Overview of the plate

On the market, the big consumer sector continued to be strong. Sectors such as liquor, food and beverage, and medical beauty showed the highest gains. Shede Liquor and Jinhui Liquor rose or stopped; Liquor, Gujing Gongjiu, and Kouzichijiao rose more than 5%; Wuliangye and Shanxi Fenjiu rose more than 4%; and Kweichow Moutai rose more than 2%. The automotive and power grid equipment sectors are active in the intraday, and JAC has risen and stopped. The banking sector bucked the trend and strengthened, with ICBC and CCB all reaching record highs. On the downside, the CPO concept fell collectively; Dongshan Precision, Guangxun Technology, and Cambridge Technology fell to a standstill; Xinyisheng, Zhongji Xuchuang, and Tianfu Communications fell more than 10%; the semiconductor industry chain fell collectively, Tongfu Microelectronics and Rockchip fell slightly to a standstill; Huahong Hongli and Cambrian fell more than 10%; and the end-side AI concept fluctuated and adjusted.

Overall, capital has flowed out on a large scale from technology sectors such as semiconductors and CPO, and into sectors such as food, beverage, banking, etc., and the market showed clear structural differentiation.

Popular sections

1. The liquor/food and beverage sector registered the highest increase

Many stocks in the sector rose and stopped. They were willing to rise and stop for Liquor and Jinhui Liquor. Yiming Foods went up and down for 3 consecutive markets, Haixin Food, Junyao Health, and Xi'an Food went up and down. Liquor, Gujing Gongjiao, and Kouzijiao rose more than 5%, Wuliangye and Shanxi Fenjiu rose more than 4%, and Kweichow Moutai rose more than 2%.

Comment: According to the news, according to the public fund's heavy holdings data for the second quarter of 2026, the ratio of heavy holdings in the liquor and food and beverage sector has dropped to an all-time low. As the technology sector continues to recover, capital flows into the undervalued consumer sector.

2. The AI application concept rebounds

The sector has repeatedly risen in the intraday period. Communication Education has 4 consecutive boards, Universal Software and Hengfeng Information have risen and stopped 20CM, Zhongke Finance and Nantian Information have risen and stopped, Caesar Culture has risen and stopped, and Kelan Software has risen and stopped by nearly 7%.

Comment: According to the news, nine departments including the central bank recently jointly issued the “Notice on Strengthening the Development and Utilization of Data in the Field of Technology Finance”, which proposes to guide financial institutions to rely on databases in the field of technology finance to build digital credit profiles for technology-based enterprises and develop technology finance products. In addition, OpenRouter officially revealed that as of July 26, the Chinese model had a global market share of about 63.5% in the past 28 days. The top five models were all Chinese models, and the Xiaomi MiMO-v2.5 ranked first in the global monthly list of large-scale model calls.

3. The power grid equipment sector bucked the trend

The sector bucked the trend and strengthened. Haochuang Ruitong rose and stopped at 20cm, Radio, Television and Electric rose and stopped, and Jinzhi Technology, Kai Electric, Haixing Electric, and Samsung Electric followed suit.

Comment: According to the news, according to statistics, the State Grid investment will exceed 800 billion yuan in 2026, an increase of more than 15% over the previous year. China Southern Power Grid's investment is nearly 200 billion yuan. The combined annual investment of the two major power grids is sprinting to the trillion yuan mark for the first time.

4. The automotive sector continues to rebound

The sector continued to be strong, with JAC rising and stopping, as did BAIC Blue Valley, Qianli Technology, Cyrus, Jinlong, and Changan.

Comment: According to the news, according to customs data, in the first half of 2026, China's automobile exports amounted to 635.82 billion yuan, an increase of 48.3% over the previous year, to more than 210 countries and regions around the world. Among them, exports of new energy vehicles amounted to 360,68 billion yuan, an increase of 68.7% over the previous year.