Market Fluctuations Lead to Slight Declines in Major Indexes
Today, the stock market experienced fluctuations and adjustments throughout the day, ultimately resulting in all three major indexes falling slightly. As of the close, the Shanghai Stock Exchange Index fell 0.26%, the Shenzhen Component Index fell 0.22%, and the ChiNext Index fell 0.06%.
However, despite the overall decline, there were some bright spots in certain sectors. Wind power, photovoltaic, and other new energy track stocks rebounded collectively, with companies like Tianshun Wind Energy, Haiyuan Composite Materials, and Jiangsu Huachen hitting their daily limit.
Additionally, robot concept stocks surged in the afternoon, with more than 20 stocks including Tengya Seiko and Collier hitting their daily limits. Flying car concept stocks also saw a surge in early trading, with companies like Golden Shield Co., Ltd. and Prince New Materials hitting their daily limits.
On the flip side, AI and PC concept stocks were in adjustment, with companies like Siquan New Materials falling more than 10%. Overall, however, stocks rose more than they fell, with over 3,400 stocks rising in the market.
The turnover of the Shanghai and Shenzhen stock markets today was 931.7 billion yuan, a decrease of 135.3 billion yuan from the previous trading day. The turnover fell below one trillion yuan, with individual stocks like Cyrus and Sugon seeing turnovers exceeding 9 billion yuan.
In terms of northbound funds, the daily trading fluctuated greatly. Net sales throughout the day amounted to 1.46 billion yuan, with net buying exceeding 4 billion yuan at one point. The net selling of the Shanghai Stock Connect was 125 million yuan, while the net selling of the Shenzhen Stock Connect was 1.334 billion yuan.
Overall, while the market experienced some ups and downs, there were pockets of growth and opportunities for investors to capitalize on certain sectors throughout the day.