On March 20th, the A-share market experienced a day of high volatility followed by a decline, with the Shanghai Composite Index fluctuating and falling below the half-year line, breaking through the key psychological level of 4000 points. More than 4700 individual stocks in the market saw declines. The BeiZheng 50 Index dropped by 1.01%.
By the closing bell, the Shanghai Composite Index had fallen by 1.24%, hitting a new low for the year. The Shenzhen Component Index decreased by 0.25%, while the ChiNext Index closed with a decline of 1.15%.
The total turnover of Shanghai, Shenzhen, and Beijing exceeded 2.3 trillion yuan, an increase of 175.6 billion yuan from the previous day. On the market, more than 4700 individual stocks across the three cities experienced declines.
In terms of market performance, sectors such as internet, software, energy equipment, and military industries saw significant drops. The chemical industry sector also experienced a downturn, with stocks like Jinniu Chemical, Luhua Technology, Jinzhengda, and Hongbaoli hitting limit-down.
Concepts related to computing power leasing collectively weakened, with the cloud computing sector experiencing a steep plunge in the afternoon session. Stocks like Xiangtian Data plummeted by more than 17%, while companies like Hongjing Technology and East Money Information saw declines exceeding 10%.