Market Close: The three major indices all rose more than 1%

Ask AI · Hotspot rotation accelerates—does it signal a shift in market style?

Everyday Economic News AI Express, April 1st: the market opened higher and traded with fluctuations. All three major indices rose by more than 1%, and the Sci-Tech Innovation 50 Index rose by more than 3%. The total trading value of the Shanghai and Shenzhen markets was 2.01 trillion yuan, up by 19.9 billion yuan versus the previous trading day. In terms of market action, sector hotspots rotated rapidly, with nearly 4,500 stocks across the board rising. By sector, the pharmaceutical sector continued to be strong, with more than ten constituent stocks hitting the daily limit. Zhiysomething Medical hit the daily limit at 20cm, Jinyao Pharmaceutical hit a four-day streak of daily limits, and Rundu Shares, AngliKang, and Kingmed Biological all hit the daily limit. The concept of computing hardware surged quickly: Zhilifang hit the daily limit at 20CM, setting a new historical high, and RiseSun Kangda, Mingpu Optoelectronics, and Yongding Shares also hit the daily limit. The concept of computing power leasing saw repeated activity: AoruiDe hit the daily limit six times in 11 days. On the downside, the power sector weakened, with Guangxi Energy and Huitian Thermal Power both hitting the daily limit down. High-speed rail and rail-transportation-related stocks fell together, and China High-Speed Rail surged to the daily limit before giving back and falling. By the close, the Shanghai Composite rose 1.46%, the Shenzhen Component rose 1.7%, the ChiNext Index rose 1.96%, and the Sci-Tech Innovation Board Index rose 3.44%.

Daily Economic News