A-shares closing review: Shanghai Composite Index fluctuated and weakened in the final minutes, down 1.24% for the day, with over 4,700 stocks declining across the entire market

The three major A-share indices showed mixed performance today. By the close, the Shanghai Composite Index fell 1.24%, the Shenzhen Component Index dropped 0.25%, the ChiNext Index rose 1.3%, and the Beijing 50 Index declined 1.01%. The combined trading volume of the Shanghai, Shenzhen, and Beijing markets was 2.3T yuan, an increase of 175.5B yuan compared to the previous day. Over 4,700 stocks across the three markets declined.

In terms of sectors and themes, the photovoltaic equipment, batteries, electricity, and energy metals sectors led the gains; leasing computing power, cloud computing, chemical fibers, chemical raw materials, internet finance, military equipment, and online gaming sectors saw the largest declines.

In the market, leasing computing power and cloud computing sectors plunged sharply in the afternoon, with Zhaochuang Data temporarily crashing more than 17%, and stocks like Hongjing Technology and Dongfang Guoxin falling more than 10%. Several chemical stocks performed poorly, with Xinghua Shares and Jinniu Chemical hitting the daily limit down, while Jiangtian Chemical and Luxi Chemical also declined.

Additionally, internet finance, gaming, and grain sectors continued to decline into the close. On the other hand, reports indicated that Tesla plans to spend $2.9 billion on Chinese photovoltaic equipment, causing related sectors to rise. Nearly 10 stocks such as Suno Electric, Shouhang New Energy, and Chint Power saw their shares hit the daily limit.

Geopolitical conflicts have boosted the strategic importance of energy storage, and stocks in new energy sectors like lithium mining and batteries also performed actively. Shida Shenghua hit the daily limit, while Ganfeng Lithium and Yongxing Materials also saw gains.