Title: Stock Market Report: A-share Indexes Shrink and Fall, Northbound Funds Sell Net of 4 Billion
The A-share market saw a sharp decline today, with the Shenzhen Component Index and the ChiNext Index both falling by more than 1%. Over 4,100 stocks in the two cities were in the green, but northbound funds sold nearly 4 billion in net sales. The market was led by gains in the immunotherapy sector, while sectors such as coal, precious metals, synthetic biology, and electricity also performed well.
As of midday closing, the Shanghai Stock Exchange Index fell by 0.41%, while the Shenzhen Component Index fell by 1.17%. The GEM Index and the Science and Technology Innovation 50 Index also experienced declines. A total of 48 stocks hit their daily limit, closing at a rate of 75%.
In terms of individual stocks, cellular immunotherapy concept stocks saw a surge at the opening, while coal and power stocks also saw strength. On the downside, AI application directions experienced a collective adjustment.
Overall, the market saw a net outflow of 3.928 billion yuan from northbound funds, with coal and banks ranking high in net inflows in terms of industry funds.
The top 10 stocks by trading volume included Wanfeng Aowei and Changan Automobile. Additionally, news regarding Tesla’s self-driving plan in China and developments in the sporting goods and equipment industry were also reported.
Investors are advised to stay updated on market developments and operate with caution. Source of article: Oriental Fortune Choice data.