A-shares closing review: The three major indices opened high and declined; the Shanghai Composite Index fell 0.32%; over 4,000 stocks in the entire market declined

As of the close, the Shanghai Composite Index fell 0.32% to 4,093.25 points, the Shenzhen Component Index dropped 0.88% to 15,043.45 points, the ChiNext Index declined 0.87% to 3,720.25 points, and the Beijing Stock Exchange 50 fell 3.04% to 1,378.03 points. The total market trading volume was 2.8231 trillion yuan, an increase of 244.3 billion yuan compared to the previous day’s trading volume.
In terms of sectors and themes, the liquor, oil and gas, and coal sectors led the gains; precious metals, CPO, and rare earth permanent magnets sectors saw the largest declines.
The liquor sector was strong at the opening, with Zhaojiagu Liquor hitting the daily limit, and Laobaigan Liquor rising over 6%. The oil and gas sector fluctuated and strengthened, with Shandong Molong hitting the daily limit, and QianNeng Hengxin rising over 6%. The coal sector fluctuated and rebounded, with China Power Energy and Haohua Energy hitting the daily limit and Shandong Coal International rising over 5%.
The precious metals sector continued to decline, with Hunan Silver and Hengbang Shares falling nearly 7%, Zhaojin Gold, Shan Jin International, and Xiaocheng Technology dropping over 5%, with the entire sector in the red.
The CPO sector opened high and declined, with Saiwei Electronics, Dongtian Micro, and Guangku Technology falling over 10%. The rare earth permanent magnets sector fluctuated and weakened, with Insteel dropping over 10%, Zhong Rare Earth falling to the limit, and Shenghe Resources, China Rare Earths dropping over 7%.