China News Service, Beijing, March 11 (Reporter Chen Kangliang) China's A-shares rose on the 11th (Monday). All major stock indexes were in the red, and the battery sector was the top gainer and performed well.
According to data from financial data service provider Oriental Fortune, the battery sector rose 8.7% that day.
In terms of individual stocks, the share price of Tianhong Lithium Battery rose by 22.25%, and the share prices of Lingpai Technology, Penghui Energy, Xiangfenghua, etc. all recorded a 20% increase.
That day, the share price of CATL, the leading company in the battery sector, rose 14.46%. As of the close, the share price rose to 180.85 yuan (RMB, the same below) per share.
According to media reports, Morgan Stanley recently issued a report raising CATL's rating to "overweight."
According to the report, CATL, as the world's leading battery manufacturer, has benefited from the rapid growth of the electric vehicle market and rising battery demand.
Zhao Dongmei, an analyst at Guoyuan Securities, said that new energy stocks were generally strong that day, with the battery sector leading the way. The main logic behind this is: On the one hand, the battery sector has suffered deep adjustments in the past two years, and during the current round of A-share rises The performance in China is not outstanding, but there is potential to make up for the increase; on the other hand, well-known industry insiders recently said that the end of artificial intelligence is photovoltaics and energy storage.
Artificial intelligence computing power cannot be separated from the support of energy, which brings new demands to the new energy industry including batteries, thus promoting the strength of the sector.
In terms of the overall market performance that day, as of the close, the Shanghai Composite Index reported 3,068 points, an increase of 0.74%; the Shenzhen Component Index reported 9,581 points, an increase of 2.27%; the GEM Index reported 1,890 points, an increase of 4.6%.
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