The market today continued its pattern of correction and fluctuation, with the three major indices all closing lower.
On June 11th, the Shanghai Composite Index experienced a day of volatile adjustment, while the ChiNext Index initially rose before falling back. At the close, the Shanghai Composite was down 0.16%, the Shenzhen Component Index fell 0.68%, and the ChiNext Index dropped 1.13%.
In total, 1,370 stocks advanced, with 78 hitting their daily limit-up, while 4,069 stocks declined.
The non-ferrous metals sector bucked the trend and rose, with stocks like Jinmu Co.,Ltd, Xianglu Tungsten Co., Ltd., and Yunnan Chihong Zinc & Germanium Co.,Ltd among those reaching the daily limit-up.
The semiconductor sector also showed strength, with stocks such as Jiangyin Jianghua Microelectronics Materials Co., Ltd. hitting the limit-up.
Industrial gas concept stocks maintained their momentum. Hubei Heyuan Gas Co., Ltd achieved three consecutive limit-up boards, while Guangdong Huate Gas Co., Ltd and Haohua Chemical Science & Technology Corp.,Ltd also hit the limit-up, with their share prices simultaneously reaching new highs.
On the downside, film and television stocks declined, with Hengdian Entertainment Co.,Ltd and Beijing Jingxi Culture & Tourism Co.,Ltd falling by the daily limit.
It is worth noting that the shares of optical module leader Eoptolink Technology Inc.,Ltd. (SZSE: 300502) experienced a significant intraday plunge. The trigger was a brief market report suggesting that the company's sequential growth in the second quarter might be limited due to component shortages.
However, some securities firms offered a different interpretation, stating that the company is making continuous improvements in its supply chain, with noticeable progress expected in Q2, leading to a significant improvement in performance. They further projected that the impact of component shortages will further diminish in the second half of the year, thanks to the company's ongoing supply chain efforts.
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