March 12 Consecutive Board Stocks Analysis: 30% Promotion Rate for Consecutive Board Stocks, Power Sector Continues to Strengthen

March 12 Stock Analysis: Continuous Limit-Up Stocks with a 30% Promotion Rate, Power Sector Continues to Strengthen

Today, a total of 52 stocks hit the daily limit, with 8 stocks continuing their limit-up streaks, including 3 stocks with three or more consecutive limit-ups. In the previous trading day, there were 10 stocks with limit-ups. The promotion rate of continuous limit-up stocks is 30% (excluding ST stocks and delisted stocks).

In terms of individual stocks, nearly 3,900 stocks in the market declined, and short-term sentiment remains subdued. Aside from Zhongnan Culture, which hit a one-word limit-up, the maximum number of consecutive limit-ups in the market is only three. Some high-position trend stocks experienced heavy declines, such as Igoer and Huaming Equipment, which fell over 9% on the back of offshore power grid equipment logic; XCMG Machinery, a leader in engineering machinery, dropped over 6%. Domestic computing power stocks like Huafeng Technology, Yihua Shares, and Huagong Technology also saw significant declines, with Huagong Technology dropping over 5%, trading heavily throughout the day with a turnover exceeding 27.7 billion yuan.

Sector-wise, the power sector continues to strengthen. Jinkai New Energy achieved 5 limit-ups in 10 days; Huaneng Energy and Green Power both hit three consecutive limit-ups; GCL New Energy achieved 3 limit-ups in 5 days; Green Power and Energy-saving Wind Power hit two consecutive limit-ups. In the afternoon, China Energy Construction hit the daily limit and reached a record high, with total daily turnover exceeding 17.4 billion yuan. The chemical sector maintained a strong trading stance, with Jinniu Chemical achieving 5 limit-ups in 9 days; Luxin Technology, Sanfangxiang, and Taihe New Materials, among nearly ten stocks, also hit the limit-up. However, it is worth noting that the sector retreated in the afternoon, with stocks like Jinneng Technology, Jiangnan High Fiber, and Baichuan Shares successively breaking their limit-up streaks.