A-shares Market Close: ChiNext Index surges over 2% with increased volume; over 4,800 stocks in the entire market rose

China’s A-share three major indexes all rose today. As of the close, the Shanghai Composite Index rose 1.3%, the Shenzhen Component Index rose 1.95%, the ChiNext Index rose 2.01%, and the Beijing Securities 50 Index rose 1.48%. The combined trading value across the Shanghai and Shenzhen markets and Beijing market totaled 21,928 billion yuan, up by 968 billion yuan from the previous day, with more than 4,800 stocks across the three markets rising.

On the theme and sector front, sectors such as fiber optics, power, copper cable high-speed connectivity, CPO, airport shipping, tourism and hotels, compute power leasing, energy metals, liquid-cooling servers, Fujian, education, and the sports industry led the gains; sectors including oil and gas extraction and services, photovoltaic equipment, and gas underperformed. On the market, driven by various positive catalysts, the compute-and-power synergy concept stocks strengthened again today. Hua Dian Liao Neng notched an eight consecutive daily limit-up, Zhejiang Xinneng hit a three-day streak of limit-ups, and Shao Neng Co., Ltd. recorded a two-day streak of limit-ups. The fiber-optic price hitting a new seven-year high fueled a major push higher in related sectors, with nearly 10 stocks including FiberHome Technologies, Changjiang Communications, and Sanfu Shares sealing the daily limit-up.

A Token surge ignited the compute power leasing sector; multiple stocks such as Liteon Electronics, Or Ede, and Tefax Information all saw limit-up gains. In addition, multiple sectors including CPO, precious metals, and the sports industry rotated. On the other hand, international oil prices dropped again in the early hours, and the oil and natural gas sector followed with adjustments. Tongyuan Petroleum, Intergas, and CNOOC fell. The photovoltaic equipment sector also moved lower in tandem; Airo Energy, Foster, and Deye Corporation all dropped.