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【Intro】A day of big gains

China Fund News reporter Taylor

Brothers and sisters, the market performance today has been pretty good, but first, let’s feel for our brothers who hold Pop Mart!

Let’s take a look at what interesting things happened during today’s intraday trading.

Hang Seng Tech surged straight up during the session

On March 25, the Hang Seng Tech Index rode a roller coaster—turned lower at one point around midday. Just when it was a matter of the blink of an eye, it suddenly saw a violent straight-line surge, reaching a gain of more than 2% at one point, before the rally then eased somewhat.

Among them, the three major takeaway delivery platforms soared: Meituan jumped by more than 10%, while Alibaba and JD.com rose by more than 4%.

On the news front, a favorable development came in.

The State Administration for Market Regulation today reposted an article from the Economic Daily titled 《The takeaway delivery wars should end》. The article said that timely regulation and the halt of the takeaway delivery wars are actually to maintain the normal operation of the economy, avoid malicious competition disrupting the pace of the economic rebound, and ensure that businesses and workers can have normal lives and income. Healthy competition should be a positive contest driven by technological innovation, efficiency improvements, and service optimization—not a money-burning game propped up by capital, and not a zero-sum struggle using monopoly positions to control traffic and force everyone to take sides.

The A-share market continues to rally

On March 25, the market opened high and kept rising all day. The Shanghai Composite Index regained the level above 3,900 points. By the close, the Shanghai Composite rose 1.3%, the Shenzhen Component rose 1.95%, and the ChiNext Index rose 2.01%.

A total of 4,874 stocks in both markets rose, 105 stocks hit their daily trading limit, and 560 stocks fell.

Green power concept stocks kept surging: Huadian Liaoning hit eight consecutive daily limits. Jineng Power, Yuelectric Power A, Hunan Development, and more than a dozen others also hit daily trading limits.

Optical communications concept stocks strengthened: Tongding Interconnect, Yangtze Optical Fibre, and MINGPU (Mingpu Optical Magnetics) among others hit daily trading limits.

Compute power concept stocks were active, with major gains in Dadu Technology, Zhenshitong, and others hitting daily trading limits.

Defense and military industry stocks strengthened in the afternoon: Great Wall Military Industry hit the daily trading limit.

Local Fujian stocks saw unusual movement near the close, with Pingtan Development, Fujian Cement, Zhangzhou Development, and others hitting daily trading limits.

On the downside, oil and gas stocks adjusted, with Tongyuan Petroleum falling by more than 6%.

Proofread: Jiyuan

Produced by: Taylor

Reviewed by: Xu Wen

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