A-shares Market Close: The ChiNext Index opened higher and closed up 1.31%, with the chemicals and chemical industry sector continuing to rise in the afternoon.

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The three major A-share indices all rose today. By the close, the Shanghai Composite Index increased by 0.25%, the Shenzhen Component Index rose by 0.78%, the ChiNext Index gained 1.31%, and the Beijing 50 Index was up by 0.41%. The combined trading volume of the Shanghai, Shenzhen, and Beijing markets was 25,283 billion yuan, an increase of 1,115 billion yuan compared to the previous day. Over 2,000 stocks across the three markets rose.

In terms of sectors and themes, stocks related to chemical raw materials, batteries, coal mining and processing, electricity, wind power equipment, photovoltaic equipment, cultivated diamonds, corn, complete vehicles, and high-speed copper cable connection concepts led the gains. Conversely, sectors such as minor metals, military equipment, semiconductors, AI (Artificial Intelligence), gaming, film and television theaters, and precious metals underperformed.

On the market, new energy stocks like batteries and photovoltaic equipment rose early in the session and maintained their gains in the afternoon, with stocks like First Horizon New Energy, Sungrow Power Supply, and Atlas experiencing significant increases. Chemical stocks surged collectively in the afternoon, with Zhongtai Chemical, Jinnuo Chemical, and China Salt Chemical hitting the daily limit-up, reflecting market reactions to the long-term impacts of the Iran conflict.

Optical fiber concept stocks initially surged but then pulled back; Long Fiber Optical’s stock was halted after hitting a record high. Additionally, sectors such as cultivated diamonds, coal, and oil & natural gas experienced repeated rotations.

On the other hand, most rare metal stocks retreated, with China Tungsten High-tech, Xianglu Tungsten, and China Rare Earth leading the declines. The military industry sector also declined, with Aerospace Power Technology, Aerospace Power, and Jiexing Equipment among the biggest losers.

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