March 20 Recap Record

【Market Overview】 [Taoguba]

The market surged and then pulled back throughout the day. The Shanghai Composite Index fluctuated and adjusted, losing the half-year moving average and falling below the 4,000-point mark. The ChiNext Index hit a new high for the year during trading but quickly retreated. The performance of the blue-chip and white-chip stocks was clearly divided, with small and mid-cap stocks generally declining, and the micro-cap index dropping over 3%. The combined trading volume of the Shanghai and Shenzhen markets reached 2.29 trillion yuan, an increase of 175.9 billion yuan compared to the previous trading day. On the sector front, the entire market saw more than 4,700 stocks decline for two consecutive days.

In terms of sectors, the power sector was repeatedly active, with China Power LiaoNeng hitting 5 consecutive limit-ups, ShaoNeng Shares 3, China Power Energy 2, and Yinxing Energy and Guangxi Energy hitting the daily limit. The energy storage concept rapidly strengthened, with China Shipping New Energy hitting the limit-up and reaching a new all-time high, while Chint Power rebounded and also hit the limit-up. The computing hardware concept rose during the session, with YuanJie Technology reaching a 20% limit-up, and Xinyi Sheng rising over 8%, setting a new record high.

On the downside, the chemical sector declined sharply, with Jinniu Chemical, LuHua Technology, Jinzhi Da, and Hongbaoli hitting the daily limit-down. The computing power leasing concept weakened collectively, with XieChuang Data hitting a 20% limit-down, and stocks like Hongjing Technology, Dawei Technology, and Capital Online falling significantly.

By the close, the Shanghai Composite Index fell 1.24%, the Shenzhen Component Index declined 0.25%, while the ChiNext Index rose 1.3%.

【Limit-up Analysis】
Today, a total of 28 stocks hit the limit-up, with 7 stocks hitting the limit-up for consecutive days. There were 23 stocks that failed to hit the limit-up, with a limit-up success rate of 55% (excluding ST stocks and delisted stocks).

In focus stocks, the power sector was repeatedly active, with China Power Energy achieving 9 days of 6 limit-ups, and China Power LiaoNeng hitting 5 consecutive limit-ups. Additionally, Shenzhen local stock Shenhua Development A continued with a one-word limit-up, reaching 5 consecutive limit-ups.

【Market Trend Analysis】

The 5-day moving average of the Shanghai Composite Index has turned downward, marking the sixth day of short-term decline;

The 5-day moving average of the Shenzhen Component Index has turned downward, marking the fourth day of short-term decline;

The 5-day moving average of the ChiNext Index has turned upward, marking the first day of short-term rise;

【Opening Direction】

The strongest opening direction was CPO;

【Market Sentiment Analysis】

Note: The texts and stocks mentioned in this article are for personal review purposes only and do not constitute investment advice.