Market Close: Shanghai Composite Index down 0.1%, coal and chemical sectors outperform against the trend

People’s Financial News, March 12 — The stock indices declined in the early trading session, then rebounded in the afternoon, narrowing the decline. By the close, the Shanghai Composite Index fell 0.1%, the Shenzhen Component Index dropped 0.63%, and the ChiNext Index declined 0.96%. In the market, the coal sector outperformed against the trend, with Shaanxi Black Cat, Yankuang Energy, and Zhengzhou Coal & Electricity hitting the daily limit-up; the power sector surged in the afternoon, with Datang Power, Jinkai New Energy, Xintian Green Energy, and GCL New Energy hitting the limit-up. Additionally, sectors such as wind power equipment, steel, oil and gas extraction, diversified finance, shipping ports, glyphosate, coal chemical industry, and carbon fiber concepts led the gains; energy metals, engineering machinery, precious metals, minor metals, consumer electronics, shipbuilding, and cultivated diamond concepts saw the largest declines. About 1,500 stocks rose across the market, with a total trading volume of 2.46 trillion yuan today.