Closing Commentary: Shanghai Index Rises 1.78% on Reduced Volume, Over 5100 Stocks Gain Across the Market

People’s Financial News, March 24 — On March 24, the three major A-share indices rebounded after hitting bottom. By the close, the Shanghai Composite Index rose 1.78%, the Shenzhen Component Index increased 1.43%, and the ChiNext Index gained 0.5%. In the market, the green energy concept was repeatedly active, with more than 10 stocks including China Power LiaoNeng, Huayin Electric Power, and Energy-saving Wind Power hitting the daily limit. The CXO concept surged significantly, with Fuxiang Pharmaceutical and Mino-Wa hitting the limit. Military stocks strengthened, with Great Wall Military Industry and Galaxy Electronics hitting the limit. The new urbanization concept also gained strength, with Northern International hitting the limit. The PCB concept rose in the afternoon, with Jinan Guoji hitting the limit. Shipping ports, optical communications, and lithium mining sectors also led gains, while oil & gas and coal sectors declined slightly. Over 5,100 stocks in the entire market rose, with a total trading volume exceeding 2 trillion yuan, shrinking compared to the previous day.