午评：创业板指半日涨近1% CRO、创新药板块涨幅居前

Market Overview - A-shares experienced mixed performance on July 29, with the Shanghai Composite Index showing slight fluctuations while the ChiNext Index rose over 1% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.13 trillion yuan, an increase of 67.3 billion yuan compared to the previous trading day [1] - Notable sectors included innovative drug stocks, which saw significant gains, while pesticide stocks faced collective adjustments [1] Sector Performance - Key sectors with notable gains included medical services, semiconductors, energy metals, CRO, CPO, and companies related to the China Shipbuilding Industry [2] - Conversely, sectors such as insurance, precious metals, chemical raw materials, pork, glyphosate, and prepared dishes experienced declines [2] Institutional Insights - Huatai Securities highlighted the acceleration of national fertility stimulus policies, which are expected to boost consumer confidence and improve demand for infant formula [3] - China International Capital Corporation (CICC) projected a rational release of coal supply in the second half of the year, potentially leading to a rebound in coal prices and industry profitability [3] - CITIC Securities noted that Hong Kong medical device companies are entering a phase of profitability, with several firms expected to see rapid performance releases [3] Logistics Industry Data - The total social logistics volume in China exceeded 171 trillion yuan in the first half of the year, reflecting a year-on-year growth of 5.6% [4] - The growth rate of social logistics outpaced GDP growth by 0.3 percentage points, indicating strong support from logistics demand for economic development [4] Regional Initiatives - Zhejiang Province plans to enhance cooperation with major stock exchanges to establish a "Technology Enterprise Cultivation Board" aimed at supporting high-quality development of specialized and innovative enterprises [5] - The initiative includes promoting regional equity market improvements and facilitating the listing of technology-oriented SMEs [5] Company Developments - China Chang'an Automobile Group Co., Ltd. was officially established in Chongqing, focusing on smart vehicles, flying cars, and other innovative production capabilities [6][7] - The new state-owned enterprise aims to accelerate globalization and expand into five major regional markets, including Southeast Asia and Europe [7]