A-shares midday review: The three major indices all declined by more than 1% at midday, while entertainment cinema lines, food retail, and other consumer stocks defied the trend and strengthened.

K-LinePoet · 2026-02-20T08:59:33+00:00

The three major A-share indices all declined at midday, with the Shanghai Composite down 1.03%, the Shenzhen Component down 1.81%, and the ChiNext Index down 1.94%. Market trading volume decreased compared to the previous day, with over 3,600 stocks falling. Consumer-related stocks rose as the Spring Festival approaches, and the real estate sector's sentiment was somewhat boosted. Photovoltaic equipment and non-ferrous metals sectors generally declined, with many stocks hitting the limit down.

K-LinePoet

2026-02-20 08:59:33

Abstract generation in progress

The three major A-share indices all declined collectively in the morning session. By midday, the Shanghai Composite Index fell 1.03%, the Shenzhen Component Index dropped 1.81%, the ChiNext Index declined 1.94%, and the Beijing Securities 50 Index decreased 1.08%. The combined half-day trading volume of the Shanghai, Shenzhen, and Beijing markets was 1.4592 trillion yuan, down 170.5 billion yuan from the previous day. Over 3,600 stocks in the market declined.

In terms of sectors and themes, the leading gainers included film and television theaters, beauty and personal care, tourism and hotels, retail, food processing and manufacturing, banking, short-form games, and real estate. The biggest declines were seen in non-ferrous metals, photovoltaic equipment, power grid equipment, cultivated diamonds, CPO, optical fibers, and semiconductors.

On the market, the upcoming nine-day Spring Festival holiday has stimulated consumer enthusiasm, with collective gains in consumer stocks such as film and television theaters and food and beverage companies, with stocks like Jinyi Film and Haxin Food hitting the daily limit. The real estate and building materials sectors showed repeated activity, with Jingtou Development and Hanjian Heshan hitting three consecutive limit-ups. Previously, the pilot programs in three districts of Shanghai to “purchase second-hand houses for rent guarantee” boosted market sentiment.

On the other hand, international gold and silver prices plummeted during the Asia-Pacific trading session, leading to declines in gold and non-ferrous metal sectors, with stocks like Hunan Silver and Silver Resources hitting the limit down. The photovoltaic equipment sector failed to sustain its upward momentum and collectively adjusted, with stocks like Shuangliang Eco-Energy and Junda Holdings hitting the limit down. On the evening of February 4, stocks such as Jing Sheng Electric and Shuangliang Eco-Energy issued announcements about abnormal trading fluctuations, warning of market risks.

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