On April 3rd, the A-share market continued its decline as all three major indices collectively dropped. The Shanghai Composite Index once again fell below the 3900-point mark, with over 4700 stocks declining across the market, and trading volume decreasing by 188.9 billion yuan compared to the previous day.
The A-share market opened high but trended lower throughout the day, experiencing fluctuations. By the close of trading, the Shanghai Composite Index fell by 1% to 3880.10 points, the Shenzhen Component Index dropped by 0.99% to 13352.90 points, the Growth Enterprise Index decreased by 0.73% to 3149.60 points, and the ChiNext Index fell by 2.12% to 1254.68 points.
Total market turnover reached 1.6689 trillion yuan, a decrease of 188.9 billion yuan from the previous day, with over 4700 individual stocks registering declines.
In terms of sector performance, the semiconductor lithography and CPO sectors led in terms of gains, while the coal, oil and gas, and aquaculture sectors experienced the largest declines.
Several topics related to the A-share market trended on Weibo (Chinese social media platform).
Weibo influencer “TechReviewExpert” posted, “Today’s performance in the A-share market is indeed grim, with the Shanghai Composite Index falling below 3900 points, over 4700 stocks declining, and trading volume decreasing by nearly 200 billion, indicating a noticeable cooling of market sentiment.”
Financial blogger “GoldenSisterDiary” analyzed in a blog post, “A shares across the board are weakening, with the Shanghai Composite Index shedding 39 points and breaking below 3900. These oversold sectors are worth paying attention to!
“Today’s A-share market can be described as bleak, with all sectors declining from the opening bell and the Shanghai Composite Index steadily decreasing by 39 points. Moreover, the trading volume in Shanghai was only 710 billion yuan, hitting a new low for the year, highlighting the market’s bearish sentiment.
“In summary, the current weak trend in A-shares remains unchanged. Avoid chasing highs in operations, focus on oversold sectors to seize opportunities, and proper position management is key.”
Financial blogger “StockMarketSharpness” posted, “During the rainy Qingming Festival season, the road is difficult for investors. Every year, the script in the A-share market seems to repeat itself. Although the ‘LoveStocks’ has been trading stocks for many years and is used to it, they fall for it every time because they trust this market too much!
“I thought the drop yesterday was close to the end, but unexpectedly, today brought another round of declines. The key question is why the Japanese and South Korean stock markets are rising, where do they find the courage to not seek refuge in a safer place.”