The A – share market experienced a reversal on June 3rd, opening lower but closing higher in the morning session. The financial sector emerged as the leader in gains, with bank stocks showing strength once again. This sector’s performance was a key factor in the overall market’s positive turn.
In terms of market dynamics, various themes were active. Gold, new consumption, digital currency, AI applications, semiconductors, and innovative drugs all saw significant activity. However, the new energy vehicle, controlled nuclear fusion, environmental protection, and coal industries showed signs of weakening.
By the midday close, the Shanghai Composite Index had risen by 0.48% to 3,363.48 points. The STAR 50 Index increased by 0.75% to 984.36 points. The Shenzhen Component Index also saw a rise of 0.35% to 10,076.01 points. The ChiNext Index climbed 0.73% to 2,077.76 points.
Wind statistics revealed that a total of 3,437 stocks rose in the two stock markets and the Beijing Stock Exchange, while 1,734 stocks fell and 241 stocks remained unchanged. This indicates a broad – based rally in the market.
The total morning trading volume of the Shanghai and Shenzhen stock markets reached 750.4 billion yuan. A total of 79 stocks in the two stock markets and the Beijing Stock Exchange rose by more than 9%, while only 4 stocks fell by more than 9%. This shows that the market was largely positive in the morning session.
Related Topics:
