A-shares closing review: The three major indices all rose more than 1%, with the pharmaceutical sector continuing its strong momentum

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On April 1, the market opened higher and then fluctuated. All three major indices rose by more than 1%. By the close, the Shanghai Composite Index rose 1.46%, the Shenzhen Component Index rose 1.7%, and the ChiNext Index rose 1.96%.

On the market front, market hotspots rotated quickly, with nearly 4,500 stocks rising across the board.

From the sector perspective, the pharmaceutical sector continued to show strength. More than a dozen constituent stocks hit the daily limit-up, with Zhizhi Pharmaceutical reaching a 20cm limit-up, Jinyao Pharmaceutical delivering four consecutive limit-ups, and Rundo Shares, Angilicon, and Kingmed Biotech hitting the limit-up.

The computing power hardware concept surged rapidly, with Zhilifang hitting a 20CM limit-up and reaching a new historical high, while Reisconn, Mingtpu Optical Magnetics, and Yongding Shares also hit the limit-up.

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 transit-related themes fell across the board. Shenzhou High-speed broke the limit-up and then retreated, while Tongye Technology and JiaoDa Tie Fa plunged.

Total trading value across the Shanghai and Shenzhen markets was 2.01 trillion yuan, up by 19.9 billion yuan from the previous trading day.

For individual stocks, Sunshine Power’s trading value exceeded 22.5 billion yuan to rank first. The trading values of stocks including Midea Xuchuang, XinYisheng, Tianfu Communications, Demingli, and others all exceeded 100 billion yuan.