Mei Ri Shang Bao·2025-07-23 08:15Group 1: A-Share Market Performance - A-share market showed strong performance driven by infrastructure, resources, and liquor sectors, with all three major indices reaching new highs for the year [1] - The Shanghai Composite Index rose by 0.62%, Shenzhen Component Index increased by 0.84%, and the ChiNext Index gained 0.61% [1] - Total market turnover was approximately 1.93 trillion yuan, an increase of 201.5 billion yuan compared to the previous trading day [1] Group 2: Infrastructure and Machinery Sector - The infrastructure sector, particularly the engineering machinery segment, led the market rally, with significant gains in stocks like Sany Heavy Industry and Zoomlion [2] - The engineering machinery sector saw an overall increase of over 6%, with several stocks hitting the daily limit up [2] - The China Engineering Machinery Industry Association reported a 16.8% year-on-year increase in excavator sales for the first half of 2025, with exports rising by 10.2% [2][3] Group 3: Resource Sector Performance - The coal sector experienced a significant rise, with stocks like Shanxi Coking Coal and Huahua Energy hitting the daily limit up [4] - The main contract for coking coal futures reached 1,048.5 yuan/ton, while the main contract for coke futures was at 1,697 yuan/ton [4] - Market rumors regarding a government notice on coal mine production checks contributed to the bullish sentiment in the coal sector [4] Group 4: Steel Sector Insights - The steel sector also showed strength, with stocks like Fangda Special Steel and Xining Special Steel hitting the daily limit up [6] - The upcoming supply-side reforms in the steel industry are expected to improve the supply-demand balance, benefiting leading companies in the long term [6] Group 5: Liquor Sector Recovery - The liquor sector rebounded, with the overall liquor concept index rising by 1.52%, and 42 out of 51 component stocks showing gains [7] - Leading liquor stocks like Shanxi Fenjiu and Jiangsu Yanghe saw significant increases, driven by attractive dividend yields and positive market sentiment [7] - Despite the recovery, demand pressures remain, and companies are focusing on inventory reduction and market health [7]