A-share Close: Shanghai Index Falls 1.39%, Nearly 5000 Stocks Decline Across the Market

The market experienced a full-day fluctuation and adjustment, with the three major indices all falling more than 1%. The Shanghai Composite Index briefly dropped below the 4,000-point mark during trading. By the close, the Shanghai Index fell 1.39%, the Shenzhen Component Index dropped 2.02%, and the ChiNext Index declined 1.11%.

The combined trading volume of the Shanghai and Shenzhen markets reached 2.11 trillion yuan, an increase of 64.9 billion yuan compared to the previous trading day.

In terms of market sectors, hot topics and themes showed weak rotation, and sentiment hit a freezing point, with nearly 5,000 stocks declining across the entire market.

Looking at sectors, green energy and computing power collaboration concepts performed countertrend and strengthened, with Dongfang New Energy, Guangdong Electric Power A, Shao Neng Shares, Guang’an Aizhong, and Huadian Liaoning hitting the daily limit, while Jiwei New Energy reached a 20% daily limit.

Computing power leasing concepts repeatedly showed activity, with Meili Cloud hitting two consecutive limits, and Guaiguang Network, Tongniu Information, and Litong Electronics also reaching the daily limit.

Oil and gas concepts performed actively, with Guo New Energy, Lanyan Holdings, Tianhao Energy, and Hongtong Gas hitting the daily limit.

On the downside, non-ferrous metals led the declines, with Weiling Shares, Zhongjin Gold, and Industrial Bank Silver and Tin all falling sharply.

The steel sector weakened, with Anyang Steel hitting the daily limit down.

In individual stocks, Xin Yisheng had a total trading volume exceeding 24 billion yuan, ranking first among Shanghai and Shenzhen stocks; stocks like Zhongji Xuchuang, Zijin Mining, and Huagong Technology also had high trading volumes.