On June 4th, the Shanghai Composite Index, Shenzhen Component Index, and the ChiNext Index fluctuated low throughout the day. By the time of closing, all three major indexes collectively closed lower. Sectors such as non-ferrous metals, retail, electrical power networks, cultural media, liquor, biotechnology, and oil and gas were among the top decliners.
According to a report in the Hong Kong-based newspaper “Sing Tao Daily” on June 4th, the Shanghai Composite Index opened lower by 30 points and continued to decline, reaching a low of 4043 points with a maximum decline of 40 points. At the close of the day, the Shanghai Composite Index widened its decline and closed at 4057 points, down 26 points or 0.64%. The Shenzhen Component Index fluctuated throughout the day, reaching a high of 15,745 points before turning downwards. The index saw a maximum decline of 186 points or 1.19%, hitting a low of 15,517 points. It closed at 15,661 points, down 43 points or 0.27%. The ChiNext Index closed at 4088 points, down 34 points or 0.83%.
Additionally, the CSI 300 Index closed at 4904 points, down 34 points or 0.69%.
Data from the financial information provider Wind showed that a total of 1339 stocks on the Shanghai and Shenzhen stock exchanges along with the Nasdaq-style ChiNext board saw declines, while 4120 stocks fell, and 59 remained unchanged.
The total turnover in both markets amounted to 2.757 trillion yuan, a decrease of 372.6 billion yuan compared to the previous trading day’s 3.1303 trillion yuan. Of this, the Shanghai market turnover was 1.2747 trillion yuan, a decrease of 155.1 billion yuan from the previous trading day’s 1.4298 trillion yuan, with the Shenzhen market turnover recorded at 1.483 trillion yuan.
Most sectors in both markets experienced declines, with petroleum stocks falling by over 3%, cement stocks by over 2%, and sectors like electric power, media and entertainment, finance, steel, non-ferrous metals, biopharmaceuticals, and real estate seeing declines of over 1%. The semiconductor sector, however, showed signs of strength amidst the overall market decline.