Market Overview - The market experienced a day of high-level consolidation after two consecutive days of strength, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closing down slightly by 0.02%, 0.12%, and 0.17% respectively [4] - Nearly 3,000 stocks rose while over 2,200 stocks fell, indicating a mixed market sentiment [4] Innovation Drugs Sector - The innovation drug and pharmaceutical sectors saw a strong opening, with multiple stocks hitting the daily limit, including Jimin Health with four consecutive limit-ups and Shunlian Bio with a 20% increase [5][7] - The innovation drug sector initially surged nearly 2.5% but ended the day with a modest gain of 0.13% [8] - The sector is favored by institutions, driven by the acceleration of Chinese pharmaceutical companies entering overseas markets, with the potential market size increasing from $50 billion domestically to over $420 billion in the U.S. market alone [9] - Analysts suggest that the domestic innovation drug industry is at a turning point, transitioning from a decade of preparation to realizing innovative results [10] Media Sector - The media sector, which had a significant rise previously, saw a mixed performance following the announcement of new initiatives by the National Radio and Television Administration aimed at enhancing content supply [19] - The sector's leading stock, Ciweng Media, achieved two consecutive limit-ups, but overall performance was lackluster, with many stocks opening lower or declining [21] Oriental Selection - Oriental Selection's stock experienced a dramatic rise of over 23% during the afternoon session, reflecting a significant rebound over the past two months, with the stock price nearly quintupled [23][24] - However, the stock faced a sharp decline later, with a drop exceeding 20% and an intraday retreat of over 35%, indicating volatility and potential profit-taking behavior [25][26][27]