Securities Times Company News reported that on May 9, the stock market saw significant fluctuations, with the three major indexes experiencing highs in the afternoon. By the end of the trading day, the Shanghai Stock Exchange Index had climbed by 0.83%, the Shenzhen Stock Exchange Component Index had jumped by 1.55%, and the ChiNext Index had surged by 1.87%.
Notable movements in specific sectors were observed, with the new energy track performing strongly. The lithium battery sector, in particular, saw significant gains, with stocks like Tianli Lithium Energy and Lingpai Technology hitting their daily limits. Additionally, the concept of immunotherapy saw a rise, with companies like Tailin Biotechnology hitting their daily limits. The real estate sector also showed activity, with Airport Shares and Nandu Properties hitting their daily limits.
Other sectors that performed well included shipbuilding, shipping ports, photovoltaics, non-ferrous metals, aerospace and aviation, and solid-state battery concepts. On the other hand, sectors like petroleum, jewelry, education, communication services, chemical fibers, and titanium dioxide concepts experienced declines.
Overall, more than 4,200 stocks across the two cities saw an increase in value.
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