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Market Close: Shanghai Index Falls 1.39%, Barely Holds 4000 Points; Green Power and Computing Power Synergy Concepts Surge Against the Trend
Everyday Economic News AI Express, March 19 — The market experienced a full-day fluctuation and adjustment, with the three major indices all falling more than 1%. The Shanghai Composite Index briefly dropped below 4,000 points during the session. The combined trading volume of the Shanghai and Shenzhen markets reached 2.11 trillion yuan, an increase of 64.9 billion yuan compared to the previous trading day.
In terms of sectors, the green energy and computing power collaboration concepts defied the trend and strengthened. Oriental New Energy, Guangdong Power A, Shao Neng Shares, Guang’an Aizhong, and Huadian Liaoning hit the daily limit, while Jiwei New Energy reached a 20% daily limit. The computing power leasing concept was active again, with Meili Cloud hitting two consecutive daily limits, and Guaiguang Network, Tongniu Information, and Litong Electronics also reaching the daily limit. The oil and gas sector performed actively, with Guo Xin Nengyuan, Lanyan Holdings, Tianhao Energy, and Hongtong Gas hitting the daily limit.
On the downside, non-ferrous metals led the declines, with Weiling Shares, China Gold, and Industrial Bank Silver & Tin all falling sharply. The steel sector weakened, with Anyang Steel hitting the daily limit down.
By the close, the Shanghai Composite Index fell 1.39%, the Shenzhen Component Index dropped 2.02%, and the ChiNext Index declined 1.11%.