Revealing the Daily Limit | Storage Chip Leader's Lock-up Orders Exceed 700 Million Yuan!

As of today’s (March 16) market close, the Shanghai Composite Index closed at 4,084.79 points, down 0.26%; the Shenzhen Component Index closed at 14,307.58 points, up 0.19%; the ChiNext Index rose 1.41%; and the STAR 50 Index increased by 0.83%.

Excluding newly listed stocks that haven’t opened trading yet, among tradable A-shares today, 2,843 stocks rose, accounting for 51.88%; 2,494 stocks declined; and 143 stocks remained unchanged. Among them, 60 stocks hit the daily limit-up, and 13 stocks hit the daily limit-down. Additionally, 29 stocks attempted to hit the limit-up but failed. The overall limit-up rate was 67.42%.

According to Securities Times and Data Treasure, among the stocks hitting the limit-up, many belong to the electronics, machinery, and construction decoration industries, with 7, 6, and 6 stocks respectively.

Looking at consecutive limit-up days, ST Jin Hong and *ST Panda have each hit five consecutive limit-ups, the most among all.

In terms of order book value, the leading storage chip stock, GigaDevice, had the highest order book amount at 747 million yuan. China Oil Capital and China Power LiaoNeng also had significant order book amounts, at 226 million yuan and 194 million yuan respectively.

On the news front, ASUS Co-CEO Xu Xianchao recently stated at an online corporate briefing that due to the long expansion cycle of upstream DRAM manufacturers, new capacity is expected to come online no earlier than the end of 2027, which means the tight memory supply situation could persist for two more years.

In terms of order book strength (order volume as a percentage of circulating A-shares), Tiandi Online, Yibin Technology, and Oriental Ocean have relatively strong order book pressures, at 6.27%, 6.20%, and 3.22% respectively.