On May 22, the A-share market in China experienced a general decline as all three major indexes plunged collectively, with the Bei50 Index dropping significantly by 6.15% and trading volume shrinking.
The main indexes of the A-share market all trended downwards by the close of trading. The Shanghai Composite Index fell by 0.22% to 3380 points, the Shenzhen Component Index dropped by 0.72%, the Growth Enterprise Market Index decreased by 0.96%, and the Bei50 Index plummeted by 6.15%. The total turnover for the day was 1.14 trillion yuan, a decrease of 74.6 billion yuan compared to the previous trading day. The combined turnover of the Shanghai and Shenzhen Stock Exchanges was 1.1027 trillion yuan, a reduction of 70.8 billion yuan from the day before.
According to data from Wind, a total of 882 stocks rose while 4451 stocks fell across both stock markets and the BeiJing Stock Exchange, with 77 stocks remaining unchanged.
In terms of sector performance, the battery sector saw a decline with Lijia Technology dropping nearly 10%; the pet economy sector continued to fall with Reliable Group plunging over 14%; the epoxy propane sector weakened with Hongqiang Stock hitting the limit down; automotive services declined, with Dezhong Automobile falling by over 7%; dairy, genetically modified, and marketing concept stocks led the declines.
Counter to the overall trend, the banking sector rose, with Citic Bank taking the lead; the restructuring of protein sector continued to rise, with Sansheng Guojian hitting the daily limit; sectors like digital sentries, Shangtang concepts, and multimodal AI performed well.
The performance of the A-share market became a hot topic on Weibo.
Financial blogger “Zhang Yixuan” posted, “A-shares are really aggressive today! 4550+ still waiting for an upward trend ⋯⋯”
Financial blogger “wu2198” reported, “As of 15:00, the turnover of the two markets reached 113.97 billion yuan, with 4451 falling stocks and a net outflow of funds from the market amounting to 50.173 billion yuan!”
Financial blogger “Investment is a way of life” expressed, “Not convenient to talk much recently, hehe, will sum up later.”
Furthermore, some netizens commented, “Retail investors are consumers, and consumers are essentially money to be spent. This market is too unfair, it distorts reality, and it’s better for retail investors to stay away from stock trading for the sake of their families and children. Playing stock trading in the current situation is like playing with fire, cutting off one’s own path, and is irresponsible to the family.”