Market Close: The STAR 50 Index rose over 1%, with more than 100 stocks hitting the daily limit across the market.

Ask AI · What factors are driving the sustained strength in the chemical sector?

Daily Economic News AI Express, April 7: The market saw wide intraday fluctuations throughout the day. At the close, all three major indices finished in the green, with the STAR Market 50 Index up more than 1%. The yellow and white lines diverged noticeably; mid- and small-cap stocks performed stronger, and the micro-cap index rose more than 2%. Trading volume on both the Shanghai and Shenzhen markets totaled 1.61 trillion yuan, down 42.1 billion yuan versus the previous trading day. In terms of market themes, rotations among hotspots were fast; more than 3,900 stocks across the board advanced, including 101 that hit the daily limit. Looking at sectors, the chemical sector continued to strengthen: more than 20 constituent stocks hit limit up. Major gainers included large refinery and petrochemical businesses and organosilicon-related names; QiXiang TengDa notched 2 consecutive limit-ups within 4 days. Jiangnan High-Fiber, Hesheng Silicon, and Sanfangxiang all hit limit up. The PCB concept rallied on-and-off, with Tongyu XinCai and Hongchang Electronics both hitting limit up. Sports concepts remained repeatedly active: Jinling Sports capped at the 20cm limit up, while Shu Hua Sports, Zhongti Industry, and Common Creation Turf also hit limit up. On the downside, the big financial sector weakened, with insurance leading the decline; China Taiping Insurance and China Life Insurance saw pullbacks after oscillating. The innovative drug concept generally saw multiple stocks weaken: Lianhuan Pharmaceuticals touched the limit down, while Lamy Pharmaceuticals, Rundu Shares, and Guangshengtang fell sharply. By the close, the Shanghai Composite was up 0.26%, the Shenzhen Component was up 0.36%, and the ChiNext index was up 0.36%.

Daily Economic News