On Wednesday, the A-share market continued to experience slight volatility, and the activity of hot topics in the sector remained unchanged. The Beijing Composite 50 Index surged nearly 3%, with over 90% of stocks on the Beijing Stock Exchange receiving dividends. On the market, the concept of short drama games continues to ferment, the media sector is strong throughout the day, and pharmaceutical and semiconductor devices are performing actively. As of the close, the Shanghai Composite Index closed at 3052.37 points, down 0.16%; The Shenzhen Composite Index closed at 10052.09 points, down 0.04%; The ChiNext Index closed at 2023.13, up 0.02%. The total transaction volume of the Shanghai and Shenzhen stock markets was 1036.6 billion yuan, with a volume increase of 43.6 billion yuan compared to the previous trading day. The Beijing Composite 50 Index closed at 799.49 points, up 2.73%. Yesterday, the transaction volume of the Beijing Stock Exchange reached 3.3 billion yuan, an increase of 1.3 billion yuan compared to the previous trading day. Media stocks, pharmaceutical stocks, and short drama game concepts continued their strength yesterday, led by gains in Chinese online and Tang De Film and Television. The stock price of Chinese online has doubled since the end of October. Some institutions have stated that the micro drama industry is still in its early stages of development, with a gap in regulatory aspects, and regulatory risks need to be addressed in the future. The pharmaceutical sector gained momentum yesterday. Tailong Pharmaceutical, Shuangcheng Pharmaceutical, and others rose their limit, while Xinhua Pharmaceutical rose by over 9%. Among them, Tai Long Pharmaceutical has raised the limit for two consecutive trading days. On the news, the ninth batch of national organized centralized procurement of drugs was opened in Shanghai on the 6th, and a result of the proposed winning bid was obtained: 41 drugs were successfully purchased, with an average price reduction of 58% for the proposed winning products. Guojin Securities stated that the current centralized procurement of drugs continues the trend of fewer foreign companies winning the bid for original research drugs, and domestic drugs are expected to achieve substitution through centralized procurement. With the rapid restoration and promotion of hospital diagnosis and clinical trials, as well as the accelerated transformation and implementation of research and development achievements by domestic innovative pharmaceutical companies, more innovative pharmaceutical companies are expected to advance together in terms of "going overseas" and obtaining domestic medical insurance shares. The Beijing Composite 50 Index surged by nearly 3% yesterday, with an intraday surge of over 3%. The performance of individual stocks on the Beijing Stock Exchange was impressive, with Anhui Fenghuang up nearly 30%, Liujin Technology up over 26%, and Awei Special up over 18%. The launch of this round of market on the Beijing Stock Exchange originated from the listing of Avit on October 27th, with the highest increase of over 12 times on that day. On November 7th, Parallel Technology, as a secondary new stock, gained a 30% limit up, once again verifying the profit making effect of the Beijing Stock Exchange. Yesterday, out of 227 stocks on the Beijing Stock Exchange, 220 rose and only 7 fell. The daily transaction volume is an important indicator for observing market activity. The daily transaction volume of the Beijing Stock Exchange has remained above 1 billion yuan since it exceeded 1 billion yuan on October 27th. On November 7th, the transaction volume of the Beijing Stock Exchange exceeded 2 billion yuan, and on November 8th, it even exceeded 3 billion yuan. From the overall performance perspective, in the first three quarters of 2023, 201 listed companies on the Beijing Stock Exchange achieved profits, with a profit margin of nearly 90%. Sixty percent of the company's operating revenue increased year-on-year, and fifty percent of the company's net profit attributable to the parent company increased year-on-year. Among them, 26 companies increased by more than 50%, and 12 companies had net profits exceeding 100 million yuan. Institution: The rebound has not ended, and looking forward to the future market, the institution believes that this round of rebound has not ended, and there is a high probability that it will rise again after adjustment. Haitong Securities stated that the background of this round of rebound in the market is that the early adjustments of A-shares have been quite sufficient, including their valuation and asset price comparison indicators