A-shares closed: The Shanghai Composite Index fell by more than 1%, while defensive sectors bucked the trend and strengthened.

CoinFeed reported on May 27th that, according to Cailian Press, the three major indices showed mixed performance. The Shanghai Composite Index opened lower and continued to decline, falling below 4100 points, while the STAR Market 50 Index fell by more than 3% intraday. The divergence between the yellow and white lines was evident, with small and mid-cap stocks showing weakness. The combined turnover of the Shanghai and Shenzhen stock exchanges was 3.24 trillion yuan, a decrease of 5.1 billion yuan from the previous trading day. Market hotspots were scattered, with nearly 4500 stocks declining. In terms of sectors, defensive sectors strengthened, with the consumer sector performing actively. Liquor and retail concepts saw unusual upward movements, with Shuijingfang, Bubugao, and Zhongbai Group hitting their daily limit. Short drama concepts bucked the trend, with Zhangyue Technology, Huanrui Century, and Bainaqiancheng hitting their daily limit. The power sector fluctuated higher, with Huadian Energy achieving its third consecutive daily limit, and Huayin Power and Liaoning Energy also hitting their daily limits. The power grid equipment sector fluctuated higher, with Taiyong Changzheng and Liangxin Shares hitting their daily limits.