A-share Close: Shanghai Index Opens Low, Closes Low with Nearly 1% Decline; Market Transaction Volume Shrinks to Nearly 770 Billion Yuan

K-LinePoet · 2026-03-24T22:28:03+00:00

The three major A-share indices declined collectively today with significantly reduced trading volume. Power grid equipment and military equipment sectors rose against the trend, while gas utilities and port shipping sectors underperformed. The market is focusing on grain and fertilizer directions, with some individual stocks hitting daily limits. Rising geopolitical risks may impact military expenditure growth expectations.

K-LinePoet

2026-03-24 22:28:03

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The three major A-share indices all declined today. By the close, the Shanghai Composite Index fell 0.98%, the Shenzhen Component Index dropped 0.75%, the ChiNext Index declined 1.41%, and the Beijing 50 Index decreased 0.26%. The combined trading volume of the Shanghai and Shenzhen markets was 23,879 billion yuan, down 7,696 billion yuan from the previous day. Over 3,600 stocks across the three markets declined.

In terms of sectors and themes, the leading gainers included power grid equipment, military equipment, grain concepts, small metals, dyes, agrochemical products, optical fiber concepts, and storage chips. The biggest declines were seen in gas, port shipping, precious metals, insurance, liquor, logistics, coal mining and processing, securities, and airport shipping sectors.

Market overview: The Middle East situation remains volatile, shifting market focus toward grains and fertilizers. Yasheng Group hit four consecutive daily limit-ups, and agricultural seed companies like Nongfa Seed Industry also surged to the daily limit. The oil and natural gas sector experienced increased volatility; during the morning session, China National Offshore Oil Corporation (CNOOC), China National Petroleum Corporation (CNPC), and Sinopec saw their stocks hit the daily limit down at one point, but the declines later narrowed. Port shipping, precious metals, and gas sectors collectively retreated, with stocks like Nanjing Port, Phoenix Shipping, and Furan Energy hitting the daily limit down.

Meanwhile, a 4 trillion yuan investment boost sparked a rally in power grid equipment stocks, with more than 10 stocks like Canaan Intelligent hitting the daily limit. The military equipment sector also moved against the trend, with unmanned aerial vehicles reaching new intraday highs, and Aerospace Rainbow hitting the daily limit. Analysts believe that escalating geopolitical risks will further reinforce expectations of steady military spending growth.

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