Market Close: The STAR 50 Index rose over 1%, with more than 100 stocks hitting the daily limit across the market.

Daily Economic News AI Express, April 7: The market saw wide intraday fluctuations throughout the day. In the end, all three major indexes closed higher collectively, with the STAR Market 50 Index rising by more than 1%. The yellow and white lines moved in noticeably different directions; small- and mid-cap stocks performed strongly, and the micro-cap stock index rose by more than 2%.

The trading value of the Shanghai and Shenzhen markets was 1.61 trillion yuan, down by 42.1 billion yuan compared with the previous trading day. On the trading floor, market themes rotated rapidly. More than 3,900 stocks across the market advanced, including 101 stocks that hit the daily limit up. By sector, the chemical sector continued to strengthen, with more than 20 constituent stocks hitting limit up. Directions such as major refining and petrochemicals and organosilicon led the gains. Qixie Yongda had its second consecutive limit up in two days for a four-day streak of two limit ups; Jiangnan Hi-Tech Fiber, Hesheng Silicon Industry, and Sanfangxiang also hit limit up.

The PCB concept saw a volatile pull-up, with Tongyu Xincai and Hongchang Electronics both hitting limit up. The sports concept remained actively volatile; Nanjing Sports hit the 20cm limit up, while Shuhua Sports, China Sports Industry, and CoCreation Lawn also hit limit up. On the downside, the big financial sector declined, with insurance leading the losses; China Taiping, China Life, and others saw pullbacks after oscillating lower. The innovative drug concept weakened across many stocks; Lianhuan Pharmaceutical hit the daily limit down. Meanwhile, Lemei Pharmaceutical, Runet Shares, and Guangsheng Tang fell sharply.

As of the close, the Shanghai Composite Index was up 0.26%, the Shenzhen Component Index was up 0.36%, and the ChiNext Price Index was up 0.36%.

Daily Economic News