March 9 Review Record

【Market Overview】 [Taogu Ba]

The market hit a bottom and then rebounded throughout the day, with the three major indices significantly narrowing their declines. The ChiNext and Shenzhen Composite indices once fell over 3% intraday. The combined trading volume of the Shanghai and Shenzhen markets reached 2.65 trillion yuan, an increase of 447.4 billion yuan compared to the previous trading day. Over 3,900 stocks in the entire market declined.
In terms of sectors, the computing power leasing concept surged rapidly, with Hongbo Shares, Tuowei Information, Hongjing Technology, and others hitting the daily limit. The power sector performed actively, with Shaoneng Shares hitting the limit for two consecutive days, and Yinxing Energy and GCL New Energy hitting the limit as well. The power grid equipment concept defied the trend and strengthened, with Guodian South Self and Sanyuan Technology hitting the limit and both reaching new highs.
On the decline side, the port shipping concept collectively fell, with COSCO Shipping Energy dropping sharply. The oil and gas concept opened high but declined later, with Shui Fa Gas approaching the limit intraday, and Zhunyou Petroleum and Intercontinental Oil & Gas pulling back after hitting the limit.
By the close, the Shanghai Composite Index fell 0.67%, the Shenzhen Component Index declined 0.74%, and the ChiNext Index dropped 0.64%.

【Limit-up Analysis】

Today, a total of 42 stocks hit the daily limit, with 11 stocks maintaining consecutive limit-ups, and 34 stocks failed to hit the limit. The limit-up rate is 55% (excluding ST stocks and delisted stocks).

Focus stocks include the power grid equipment sector, with Shun Na Shares hitting four consecutive limit-ups, and the computing power sector, with Jinkai New Energy hitting four limit-ups in seven days, and Meili Yun hitting three consecutive limit-ups.

【Market Trend Analysis】

The 5-day moving average of the Shanghai Composite Index has turned downward, marking the 4th day of short-term decline;

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

The 5-day moving average of the ChiNext Index has turned downward, marking the 5th day of short-term decline;

【Opening Direction】

The strongest opening sector was oil and gas;

Market Sentiment Analysis

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