A-shares Market Closing: Shanghai Composite Index opens higher, fluctuates, and rises by 1.46%. Over 4,400 stocks in the entire market are up.

(Source: Kechuang 100 ETF Fund)

As of the close, the Shanghai Composite Index rose 1.46% to 3,948.55 points, the Shenzhen Component Index rose 1.7% to 13,706.52 points, the ChiNext Index rose 1.96% to 3,247.52 points, and the Beijing Stock Exchange 50 Index rose 2.39% to 1,278.12 points. The total turnover across the market was 2,024.8 billion yuan, up by 19 billion yuan compared with the previous trading day.

In terms of sector themes, the innovative drugs, components, and gaming sectors led the gains; the rail transit equipment sector led the declines.

On the trading floor, the innovative drugs sector continued to strengthen. Guangshengtang (300436) and RuiZhi Medicine (300149) hit the 20CM daily limit-up and sealed the board; several other stocks including Aidi Pharmaceutical and Chengda Pharmaceutical (301201) rose more than 10%; and several stocks including Peking University Medicine (000788) and Yibai Pharmaceutical (600594) hit the daily limit-up. The components sector strengthened: BenChuan Intelligent (300964) and JingSai Technology rose more than 10%, while Zhongjing Electronics (002579) hit the daily limit-up and sealed the board. The gaming sector was volatile but trended upward: Perfect World (002624) and Giant Network (002558) hit the daily limit-up and sealed the board. The rail transit equipment sector opened higher and then slipped: JiaoDa TieFa and Tongye Technology (300960) fell more than 7%.

Market highlights:

Limit-up ladder ranking:

【4 consecutive limit-ups】 JinYao Pharmaceutical (600488).

【2 consecutive limit-ups】 Tongda Shares (002560), Kelly (002821), Starry Light Nano Materials (300834), Sinchonggang (605162).

Main net inflow sectors:

NO.1 【Data centers】 received a net inflow of 17.56B yuan from main funds; within the sector, 15 stocks hit the daily limit-up, and 519 stocks rose.

NO.2 【Chip concept】 received a net inflow of 17.18B yuan from main funds; within the sector, 10 stocks hit the daily limit-up, and 755 stocks rose.

NO.3 【Co-Packaged Optics (CPO)】 received a net inflow of 13.77 billion yuan from main funds; within the sector, 5 stocks hit the daily limit-up, and 138 stocks rose.

What the market is trading today:

【Gold concept】

Related stocks: ShengTuan Mining, Luoyang Molybdenum, Jinchengxin

News: On March 31, according to Xinhua News Agency, U.S. President Donald Trump said to the media that the United States may end its military action against Iran within two to three weeks after signing an executive order at the White House. Iranian President Pezeshkian stated that Iran is willing to end the war, but only if its demands are met, especially with guarantees that it will not be subjected to aggression again. On April 1, spot gold broke through 4,706 dollars per ounce; spot silver hovered around the 75-dollar level; international oil prices fell back; U.S. oil and Brent both plunged in the short term; and this morning they rebounded slightly.

【Innovative drugs】

Related stocks: Guangshengtang, RuiZhi Medicine, Aidi Pharmaceutical

News: Credit International said that the digital and intelligent transformation of the pharmaceutical distribution industry is accelerating comprehensively. Driven by deep resonance among policy guidance, technology empowerment, and market demand, the digital and intelligent transformation of the pharmaceutical distribution industry is accelerating comprehensively. As technologies such as the Internet of Things and AI continue to be rolled out, high-quality resources in the industry are expected to gather toward leading companies, achieving a major leap from growth in scale to growth in value. In 2026 Q1, the total authorization amount for innovative drug BD exceeded 60 billion dollars, and the value of global cooperation is accelerating into realization. In 2025, China’s innovative drug BD overseas authorization hit a record high; the full-year total transaction amount reached 135.66B dollars, with an upfront payment of 7 billion dollars, and 157 transactions. After entering 2026, the momentum continued; as of March 27, the total authorization transaction amount for overseas partners had already exceeded 60 billion dollars, and the value of global cooperation for domestically developed innovative drugs has continued to be realized.

【Internet of Things】

Related stocks: Hongjing Technology, Dongjie Intelligent, Chipone

News: Nine departments including the Ministry of Industry and Information Technology jointly issued the 《Action Plan for Promoting Innovative Development of the Internet of Things Industry (2026—2028)》, which proposes that by 2028, more than 50 advanced and applicable standards will be formulated and revised; 10 application fields with billion-level connections and 15 application fields with ten-thousand-million-level connections will be cultivated; the number of IoT terminal connections will strive to reach a hundred-billion level; and the scale of the IoT core industry will break through 3.5 trillion yuan. The action plan specifies five major measures: promoting innovation and upgrade of IoT devices, improving service effectiveness of IoT platforms, cultivating IoT application scenarios, strengthening the network foundation of the IoT, and fostering an ecosystem for IoT industry development. It will further accelerate the comprehensive integration of IoT technologies into production, consumption, and social governance, promote deep integration between the digital economy and the real economy, and help develop new quality productive forces.

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