ChiNext Index Surges 3% to Reach New Stage High, Photovoltaic Energy Storage Stocks Explode, Shanghai Nenergy Hits 20cm Daily Limit Up, Gold and Silver Rally

Trading stocks relies on Golden Kylin Analysts’ reports—authoritative, professional, timely, comprehensive—helping you discover potential thematic opportunities!

Journalist | Zhang Jiayu

Editor | Liu Xueying

On March 20, the A-shares opened higher with volatility. The Shanghai Composite Index briefly fell below 4,000 points during the session but then turned positive. By the close, the Shanghai Index rose 0.16%, Shenzhen Component Index increased 1.57%, and the ChiNext Index surged 3.3%, hitting a stage high since January 13. The Sci-Tech Innovation Board Index rose 0.78%. The combined half-day trading volume of Shanghai and Shenzhen markets was 1.44 trillion yuan, an increase of 139.2 billion yuan compared to the previous trading day. Over 3,100 stocks in the market declined.

Image source: 21 Finance Client

The new energy sector saw significant gains, with the ChiNext Index soaring. Leading stocks such as CATL, Zhongji Xuchuang, Xinyisheng, Sunshine Power, Tianfu Communication, and EVE Energy (rights protection) performed strongly.

Energy storage concepts rapidly strengthened, with Chuhang New Energy and Deyei Shares hitting daily limit-ups and reaching new historical highs. Chint Power (rights protection) also closed at the limit-up after a rebound. Computing hardware concepts rose during the session, with Yuanjie Technology hitting a 20% daily limit, Xinyisheng up over 8% to a record high, and multiple stocks like Zhongji Xuchuang, Changguang Huaxin, and Guangku Technology surging. The power sector remained active, with Huadian Liaoning Energy hitting five consecutive limit-ups, Shao Energy Shares three, and Yinxing Energy and Guangxi Energy (rights protection) reaching daily limit-ups.

Photovoltaic concept stocks exploded, with Sunpower Electric up 20%, Chuhang New Energy up over 19%, Jiuzhou Group and Ailuo Energy up over 15%, Jinneng Technology and Yunneng Technology up over 14%. The Hong Kong photovoltaic solar energy sector also strengthened, with Junda Shares rising over 10%, Xinyi Solar up over 6%, and Flat Glass up over 4%. According to Beike Finance, there are reports that Tesla is “buying up Chinese photovoltaic equipment.” A photovoltaic company confirmed the news and revealed that the contract scale is in gigawatts.

On the downside, the chemical sector declined, with Luxin Technology (rights protection) hitting the daily limit-down, and stocks like Jinnuo Chemical, Jinchengda, and Hongbaoli falling sharply.

The three major Hong Kong indices opened lower and continued to decline. Tech stocks mostly fell; at the time of writing, Xiaomi Group dropped over 7%, Alibaba over 5%, JD.com and Xpeng over 3%. Lithium battery stocks opened high, with CATL up over 5%. Insurance stocks were active, with AIA Group up over 2%. The non-ferrous metals sector saw some declines, with Zijin Mining once dropping over 2%.

Spot gold briefly fell to $4,500 per ounce on the evening of the 19th, hitting a six-week low. Today, international precious metals rebounded after an early plunge. As of 11:38, spot gold was up 1.71%, breaking through $4,730, and spot silver rose 1.77% to $74.135 per ounce.

International oil prices continued to decline, with WTI crude futures dropping over 3% at one point, and ICE Brent crude falling over 1%.

Sina Statement: This news is reproduced from Sina’s partner media. Sina.com publishes this article to deliver more information and does not imply endorsement of its views or verification of its content. The article is for reference only and does not constitute investment advice. Investors operate at their own risk.

Massive information, precise analysis, all on Sina Finance APP