ChiNext Index Falls Over 1% in Morning Session, Coal Sector Surges Against the Trend, China Coal Energy Hits 18-Year High | A-Stock Morning Session

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Reporter ****** | Huang Sheng ******

****** Editor ******** | Zhang Jinhe Du Bo ** Proofreader | Jin Mingyu

On March 12, the market experienced early morning fluctuations and adjustments, with the Shanghai Composite Index turning red again, and the ChiNext Index and Shenzhen Component Index both falling over 1%. The half-day trading volume in Shanghai and Shenzhen was 1.59 trillion yuan, down 73.8 billion yuan from the previous trading day. Nearly 4,200 stocks in the market declined. By midday, the Shanghai Composite Index fell 0.64%, the Shenzhen Component Index dropped 1.35%, and the ChiNext Index declined 1.67%.

The coal sector’s rally expanded, with China Coal Energy hitting the daily limit and reaching a new high since February 2008.

Oil and gas stocks were active, with New Natural Gas, Keli Shares, Guanghui Energy, Shouhua Gas, and Tongyuan Petroleum among the rising stocks.

The green energy concept was repeatedly active, with Greenland Power and Huadian Energy hitting the daily limit for three consecutive days.

The carbon fiber concept continued its strong momentum, with Central China Shenying and Jilin Chemical Fiber hitting the daily limit.

On the downside, the military industry sector weakened, with stocks like Hangya Technology declining.

(Disclaimer: The content and data of this article are for reference only and do not constitute investment advice. Please verify before use. Operate at your own risk.)

** Cover image source: Visual China **

Daily Economic News

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