A-share market closing review: ChiNext Index opens low and goes lower, closing down 1.89%, large financial sector breaks out strongly

CoinFeed July 1 news, according to Jin Shi reports, the three major A-share indexes showed clear divergence in trends throughout the day. The Shanghai Composite Index surged over 1% at one point, while the ChiNext Index and Shenzhen Component Index fluctuated sideways. In the afternoon, all three indexes weakened collectively. The Shanghai Index erased earlier gains and briefly turned negative, with the ChiNext Index falling over 2%. At the close, the Shanghai Index closed up 0.44%, the Shenzhen Component Index closed down 0.53%, and the ChiNext Index closed down 1.89%. Combined trading volume of the Shanghai and Shenzhen markets exceeded 3.5 trillion yuan, with over 4,000 stocks rising. On the market, the large financial sector broke out across the board, with securities, insurance, and internet finance sectors rising sharply. The innovative drug sector bottomed out and rebounded. The livestock farming and white liquor sectors performed outstandingly. In the afternoon, most tech stocks fell back, with CPO, fiber optic concepts, and high-speed copper cable connections among the biggest decliners. The photovoltaic equipment sector was weak all day, with Sungrow Power Supply plunging 13.9% in a single day.