A-shares bottomed out and rebounded on March 24, with over 5,100 stocks rising. A surge of stocks hitting the daily limit-up follows.

The A-share market experienced strong rebounds in the late trading session after oscillating in the early session, with all three major indices closing higher. The Shanghai Composite Index led the gains with a rise of 1.78%, the Shenzhen Component Index increased by 1.43%, and the ChiNext Index closed up 0.5%, after dipping nearly 2.5% during the day. Throughout the day, the market showed a bottoming and recovery trend, with the total trading volume of the Shanghai and Shenzhen stock exchanges reaching 2.08 trillion yuan, a decrease of 348.7 billion yuan compared to the previous trading day.

Market hotspots exhibited a rapid rotation characteristic, with over 5,100 stocks rising, including 100 stocks hitting the daily limit. The power sector became the biggest highlight of the day, with over ten constituent stocks reaching their limits, Huadian Liao Energy has hit the limit for seven consecutive trading days, Shaoneng Co. has hit the limit four times within five days, and Liaoning Energy achieved two consecutive limits, while Huayin Power, Jinkai New Energy, and Disen Co. also collectively hit their limits. The optical fiber concept continued to strengthen in the afternoon, with Yangtze Optical Fibre and Tongding Interconnection both hitting their limits; the space photovoltaic concept remained active, with Zhongli Group hitting the limit for three consecutive days, and TuoRi New Energy achieving two consecutive limits. The shipping sector fluctuated and rose, with China Merchants Industry’s South Oil hitting its limit.

The oil and gas sector performed weakly, with Keli Co., Tongyuan Petroleum, and Intercontinental Oil Gas all falling over 5%. From the index performance perspective, the closing gains for the Shanghai Index, Shenzhen Component Index, and ChiNext Index were 1.78%, 1.43%, and 0.5%, respectively, showing a general upward trend in the market. Fund flow data indicates that the power, optical fiber, and photovoltaic sectors attracted significant investment, while the oil and gas sector faced net outflows.