Market Close: Shanghai Index Falls 1.39%, Barely Holds 4000 Points; Green Power and Computing Power Synergy Concepts Surge Against the Trend

Why has the synergy between green energy and computing power become a market highlight against the trend?

According to Daily Economic News AI Express, on March 19, the market experienced a day of oscillation and adjustment, with all three major indices falling more than 1%. The Shanghai Composite Index briefly dropped below 4,000 points during the session. The combined trading volume of the Shanghai and Shenzhen markets reached 2.11 trillion yuan, an increase of 64.9 billion yuan compared to the previous trading day.

In terms of sectors, the green energy and computing power synergy concepts defied the trend and strengthened. Orient New Energy, Guangdong Electric Power A, Shao Energy Shares, Guang’an Aizhong, and Huadian Liaoning hit the daily limit, while Jiwei New Energy reached a 20% daily limit. The computing power leasing concept remained active, with Meili Cloud hitting two consecutive daily limits, and Guaiguang Network, Tongniu Information, and Litong Electronics also reaching the daily limit. The oil and gas sector performed actively, with China New Energy, Blue Flame Holdings, Tianhao Energy, and Hongtong Gas hitting the daily limit.

On the downside, non-ferrous metals led the decline, with Weiling Shares, China Gold Group, and Industrial Bank Silver and Tin all falling sharply. The steel sector weakened, with Anyang Steel hitting the daily limit down. By the close, the Shanghai Composite Index fell 1.39%, the Shenzhen Component Index dropped 2.02%, and the ChiNext Index declined 1.11%.

— Daily Economic News