Ge Long Hui·2025-11-03 08:03Market Overview - The Shanghai Composite Index rose by 0.55% to 3976.52 points, while the Shenzhen Component Index increased by 0.19% and the ChiNext Index gained 0.29% [1][2] - The total market turnover was 2.13 trillion yuan, a decrease of 216.9 billion yuan compared to the previous trading day, with over 3500 stocks experiencing gains [1] Sector Performance - The thorium-based molten salt reactor concept saw significant gains, with the Hainan sector performing strongly due to upcoming policy benefits from the Hainan Free Trade Port [2][4] - The gaming and short drama sectors also showed strength, with several stocks reaching their daily limit up [6][7] - The photovoltaic equipment sector experienced an upward trend, driven by China's leading position in global solar energy production, with key components expected to exceed 80% of global capacity by 2024 [7][8] Notable Stocks - In the Hainan Free Trade Zone, stocks such as Intercontinental Oil and Gas, Xinlong Holdings, and Haima Automobile reached their daily limit up, reflecting positive market sentiment ahead of the full closure operation on December 18 [4][5] - In the gaming sector, stocks like Oriental Pearl and Huayi Brothers saw significant increases, with some reaching their daily limit up [6][7] - In the photovoltaic sector, companies like Canadian Solar and Longi Green Energy reported substantial gains, with Canadian Solar up by 12.19% [8] Coal Sector Activity - The coal sector became active with companies like TBEA and Antai Group hitting their daily limit up, driven by seasonal demand as heating season begins [9] - The demand for coal is expected to rise due to high consumption from steel mills and thermal power plants, while supply-side policies are tightening, leading to price stabilization [9] Precious Metals and Semiconductor Stocks - Precious metals and gold stocks experienced a pullback following tax policy changes, with companies like Hunan Gold and Zhongjin Gold seeing declines [10] - Semiconductor stocks faced downward pressure, with several companies reporting significant losses, attributed to rising costs and industry-wide price increases [11] Future Market Outlook - The market is expected to actively seek future economic signals, with a focus on technology growth sectors such as AI applications, military, and pharmaceuticals, while also considering cyclical sectors like steel and chemicals [12]