Market Close: Shanghai Index Falls 1.39% and Barely Holds 4000 Points, Oil and Gas Sectors Rally While Semiconductors and Other Sectors Decline

MetaMuskRat · 2026-03-20T13:19:30+00:00

On March 19th, the stock market experienced a significant decline, with the Shanghai Composite Index falling below the 4,000 point level and the Shenzhen Component Index dropping over 2%. Despite most sectors moving lower, oil, coal, and other sectors rose against the trend. Huaxing Securities believes that strong economic resilience and stable policy expectations will help stabilize the market.

MetaMuskRat

2026-03-20 13:19:30

Abstract generation in progress

On March 19, all major stock indices declined across the board. The Shanghai Composite Index briefly fell below 4,000 points during trading, and the Shenzhen Component Index and others dropped over 2%. Over 4,900 A-shares turned red.

By the close, the Shanghai Composite Index fell 1.39% to 4,006.55 points, the Shenzhen Component Index dropped 2.02%, the ChiNext Index declined 1.11%, and the STAR Market Index decreased 2.3%. The combined trading volume of the Shanghai, Shenzhen, and Beijing markets was approximately 21.3 trillion yuan.

In terms of sectors, non-ferrous metals, chemical fibers, steel, chemicals, military industry, real estate, and semiconductors declined, while oil, gas, coal, and electricity sectors rose against the trend. Computing power concepts were actively traded despite the overall downturn.

Hualong Securities believes that, amid geopolitical disturbances, several favorable factors still support the market’s steady operation. First, the economy remains resilient. In terms of investment, during the first year of the 14th Five-Year Plan, various sectors are seizing opportunities to promote major project commencements, driving investment recovery. Second, policies are stabilizing expectations. The 2026 government work report proposes to deepen comprehensive reforms in capital market financing and investment, further improve mechanisms for long-term funds entering the market, and enhance investor protection systems. Third, uncertainties are gradually being priced into the market.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.