ChiNext Index rises 2.02%, CPO concept stocks lead a surge to daily limit-ups

MaticHoleFiller · 2026-03-22T10:50:54+00:00

On March 18, China's three major stock indices closed higher across the board, with the Shanghai Composite Index gaining 0.32%, the Shenzhen Component Index rising 1.05%, and the ChiNext Index climbing 2.02%. Trading volume reached 2.05 trillion yuan, with the majority of individual stocks in the market showing gains. Some sectors such as telecommunications equipment and semiconductors led the advance, while oil and gas and liquor sectors showed relatively weak performance. Analysis suggests the market may experience structural opportunities, with the rotation between technology and traditional cyclical sectors likely to be the main theme.

MaticHoleFiller

2026-03-22 10:50:54

Abstract generation in progress

China Securities Journal, March 18 — On Wednesday, the three major A-share indices all rose. At the close, the Shanghai Composite Index increased by 0.32%, closing at 4,062.98 points; the Shenzhen Component Index rose by 1.05%, closing at 14,187.80 points; and the ChiNext Index gained 2.02%, closing at 3,346.37 points.

The combined trading volume of the Shanghai and Shenzhen markets was 2.05 trillion yuan, a decrease of 161.8 billion yuan compared to the previous trading day. More stocks rose than fell, with over 3,500 stocks advancing across the market.

Source: Tonghuashun

In terms of sectors, the leading industry sectors included communication equipment, components, communication services, semiconductors, and military electronics. Sectors such as oil and gas extraction and services, liquor, agrochemical products, and coal mining and processing saw declines.

Among concept sectors, computing power leasing, 6G, and CPO concepts led the gains, while corn, grain, and glyphosate concepts lagged.

The CPO concept experienced a surge in limit-up stocks, with Deep Science, Qiangrui Technology, Pingzhi Information, Zhongbei Communications, Aohong Electronics, Guanghe Technology, and Kechuan Technology hitting the daily limit. Yixinsheng rose over 10%, and Tianfu Communications increased over 8%.

Regarding individual stocks, some other limit-up stocks today included: Data Port (+9.99%), Sanfangxiang (+10.00%), Yun Sai Zhi Lian (+10.02%), Hangdian Shares (+10.02%), Shunhao Shares (+9.97%).

Limit-down stocks included: Jinniu Chemical (-10.00%), Luzhou Tianhua (-10.05%), Meizhi Shares (-10.00%), Zanyu Technology (-9.97%).

The top five stocks by turnover rate were: Zuxing New Materials, Gude Electric Materials, Nabaichuan, Xihua Technology, and Shuangxin Materials, with rates of 96.39%, 68.81%, 68.04%, 65.78%, and 50.80%, respectively.

GF Securities believes that the short-term rise in oil prices leading to re-inflation trades and the delay in Federal Reserve rate cuts will cause short-term disruptions to market risk appetite. From recent market performance, the market is gradually becoming less sensitive to negative news, and the certainty of domestic policies is becoming more apparent. The A-share market is expected to gradually shift towards a “market dominated by domestic factors” trend.

Debon Securities analysts suggest that looking ahead, the A-share market may continue to exhibit structural characteristics, with rotation between technological growth and traditional cycles likely becoming the main theme. (China Securities Journal APP)

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