Midday Review: ChiNext Index Falls 0.58%, Major Financial Sector Gains Strength

MetaMuskRat · 2026-03-18T04:24:37+00:00

Today, the three major indices opened higher and then retreated, with the Shanghai Composite down 0.04%, the Shenzhen Component Index falling 0.40%, and the ChiNext Index decreasing 0.58%. The financial, real estate, and steel sectors performed strongly, with many companies hitting their daily limit-ups, while sectors such as mineral products were weak.

MetaMuskRat

2026-03-18 04:24:37

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People’s Financial News, March 17 — Today, the three major indices opened higher across the board, then surged and pulled back. By midday, the Shanghai Composite Index fell 0.04%, the Shenzhen Component Index dropped 0.40%, and the ChiNext Index declined 0.58%. In the market, the large financial sector strengthened, with Aijian Group hitting the daily limit, and Guosen Securities rising over 5%. The real estate sector also gained, with Jingneng Real Estate, Jingtou Development, and Zhongzhou Holdings hitting the daily limit. The steel sector was strong, with Anyang Steel and Jiugang Hongxing hitting the daily limit. The wind power concept was active locally, with China Power LiaoNeng and Energy-saving Wind Power hitting the daily limit. Hotels, catering, insurance, securities, brewing, banking, and real estate sectors led the gains; mineral products, communication equipment, coal, oil, and chemical sectors led the declines.

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