A-shares Close Lower, ChiNext Index Drops 1.77%, Pharmaceutical and Coal Sectors Strengthen Against the Trend

The three major indices closed lower collectively, with the ChiNext index down 1.77%, the Shanghai Composite Index down 0.06%, and the Shenzhen Component Index down 1.16%. The total trading volume in the Shanghai and Shenzhen markets was 3.09 trillion yuan, a decrease of 91.3 billion yuan compared to the previous trading day. Market hotspots were chaotic, with over 3,500 stocks declining. The pharmaceutical sector performed strongly, with Luoxin Pharmaceutical and Shouyao Holdings both hitting the daily limit. The liquid cooling server concept was active, with Dayuan Pump Industry, Hongsheng Co., and Haiou Co. all reaching the daily limit. In the switch concept, Feiling Kesi and Unisplendour hit the daily limit, while StarNet Ruijie achieved four boards in five days. The cultivated diamond concept saw fluctuations, with Huanghe Xuanfeng hitting the daily limit. The pork concept fluctuated upward, with Juxing Agriculture and Animal Husbandry hitting the daily limit. The coal sector surged in the closing moments, with Haohua Energy hitting the daily limit. On the downside, the PCB concept weakened, with China Jushi hitting the daily limit and International Composites and Defu Technology dropping over 10%.

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