Market Close | Shanghai Composite Index down 0.74%; over 4,300 stocks in the entire market declined

On April 2, the market remained volatile throughout the day and adjusted; both the ChiNext Index and the STAR Market 50 Index fell by more than 2%, while the Shenzhen Component Index fell by more than 1%. The total trading value of the Shanghai and Shenzhen stock markets was 1.84 trillion yuan, down by 169.5 billion yuan from the previous trading day. As of the close, the Shanghai Composite Index fell 0.74%, the Shenzhen Component Index fell 1.6%, and the ChiNext Index fell 2.31%.

On the tape, more than 4,300 stocks across the market declined. By sector, the pharmaceutical sector rallied against the trend: Tianjin Pharmaceutical Da, with a five-day winning streak, Shuanglu Pharmaceutical with 4 of the last 7 trading days as limit-ups, and Beida Pharma and Yibai Pharmaceutical both posted back-to-back limit-ups. Oil and gas stocks were active; China Petroleum Engineering, Heshun Petroleum, Boyi Co., Ltd., Beacon Energy, and Bluestar Holdings all hit the daily limit. The fiber-optic concept repeatedly strengthened: XinNeng Taishan hit 6 limit-ups in 8 days, Zhongli Group hit 6 limit-ups in 10 days, and Changfei Optic Fiber, Tefer Information, and Hengtong Optic-Electronics all continued to set new all-time highs.

On the downside, the cloud computing power leasing concept saw a broad adjustment; many stocks, including Qunxing Toys, UCloud, and Litong Electronics, fell sharply.