On Thursday, March 16, A-shares opened higher and extended gains in early trading. The Shenzhen Component Index rose over 1%, while the ChiNext Index advanced close to 3%. CATL (Contemporary Amperex Technology Co., Ltd.) saw its shares surge more than 5% at one point during the session.
Sector performance showed strength in batteries, film and television, computing power, and gaming, while pharmaceuticals, oil and gas, aquaculture, and shipping sectors declined. The market breadth was positive, with over 3,000 stocks gaining across the Shanghai, Shenzhen, and Beijing exchanges.
In Hong Kong, the Hang Seng Index increased by 1.2%, and the Hang Seng Tech Index climbed 2.56%. Technology stocks continued their upward trend, with Baidu rising 6%, NetEase gaining over 4%, and Alibaba and JD.com both advancing 2%.
Robotics concept stocks experienced volatile gains. Qiaofeng Intelligent hit the 20% daily limit up. Shihui Circuit, Sunwoda, Union Precision, Jinlv Environment, and Hongrun Construction had earlier reached the limit-up board, while Yonggui Electric rose more than 10%.
The memory chip sector saw another rally. Dawei股份 touched the limit-up price. Han's Laser, Liyang Chip, Demingli, Shikong Technology, and Ingenic Semiconductor all moved higher.
Gains in the computing power leasing concept expanded. Jinji股份 surged by the 20% limit. Litong Electronic achieved its third consecutive limit-up, setting a new historical high. Meili Cloud, Zhenshitong, Hengrun Shares, and Chaoxun Communication had previously hit the limit-up board, with Hongjing Technology and Yitian Intelligent both rising over 10%.
The battery industry chain remained active. Longpan Technology reached the limit-up. Kedali rose over 7% to a fresh record high. Fengyuan股份, Tianhua New Energy, Xiangtan Electrochemical, Baili Technology, and Penghui Energy followed with gains.
Updates to follow.
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