Home » A-share closing comments: Shanghai Composite Index has regained 3,000 points for eight consecutive days, and the whole market has exceeded the daily limit of 100 stocks_Oriental Fortune Network

A-share closing comments: Shanghai Composite Index has regained 3,000 points for eight consecutive days, and the whole market has exceeded the daily limit of 100 stocks_Oriental Fortune Network

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A-share closing comments: Shanghai Composite Index has regained 3,000 points for eight consecutive days, and the whole market has exceeded the daily limit of 100 stocks_Oriental Fortune Network

A-share closing comments: Shanghai Composite Index returned to 3,000 points for 8 consecutive positive days, and the whole market exceeded the daily limit of 100 stocks

The market saw a flurry of activity today, with the Shanghai Composite Index closing at the 3,000-point mark for eight consecutive positive days. The day saw fluctuations as the market bottomed out and then rebounded, with various indexes experiencing gains by the end of the trading period. The Shanghai Stock Exchange Index rose by 0.55%, the Shenzhen Component Index by 0.28%, and the ChiNext Index by 0.02%.

AI concept stocks remained active, with Sora and short drama concept stocks leading the gains. Meanwhile, Nvidia concept stocks opened higher, and computing power concept stocks continued to be strong performers. MR concept stocks also experienced a sharp rebound, as did new industrialization concept stocks.

However, coal stocks fell into adjustment, with Huaibei Mining falling by more than 4%. Despite this, individual stocks rose more than they fell, with over 4,300 stocks experiencing gains in the market, exceeding the daily limit of 100 stocks.

The turnover of the Shanghai and Shenzhen stock markets today was 921.9 billion, which was 99.5 billion higher than the previous trading day. Zhongji InnoLight ranked first in terms of transaction volume, with a turnover of 7.511 billion yuan, followed by Chinese Online, Cyrus, Changan Automobile, and Kweichow Moutai.

Northbound funds returned significantly in the afternoon, with small net sales throughout the day being less than 100 million yuan. This week, the cumulative net buying was nearly 10.7 billion yuan, and the cumulative increase in positions for four consecutive weeks was nearly 49 billion yuan.

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Overall, the market showed resilience and positive momentum, with various sectors experiencing gains and increased trading activity.

Source of article: 21st Century Business Herald
Note: This article does not constitute investment advice. Operate accordingly at your own risk.

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