Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Market Close: Shanghai Index Falls Below 4,100 Points, Power and Non-Ferrous Metals Sectors Decline, Fertilizer Concept Stocks Active
On March 13, the Shanghai Composite Index accelerated its decline in the afternoon, falling below 4,100 points; the Sci-Tech Innovation Board Index dropped over 1%, with more than 3,800 A-share stocks in the red.
By the close, the Shanghai Composite Index fell 0.81% to 4,095.45 points, the Shenzhen Component Index declined 0.65%, the ChiNext Index dropped 0.22%, and the Sci-Tech Innovation Board Index decreased 1.44%. The combined trading volume of the Shanghai and Shenzhen markets and the Beijing Stock Exchange was about 24.2 trillion yuan.
In terms of sectors, power, non-ferrous metals, chemical fibers, semiconductors, and securities firms declined, while alcohol, banking, and other sectors rose. Fertilizer concepts, heat pump concepts, and medical aesthetics concepts were active.
Caitong Securities believes that as the geopolitical tensions in the Middle East ease and the national two sessions conclude, the market may gradually return to its normal rhythm. The overall trend of the market should not be overestimated for two main reasons: first, the energy supply crisis caused by Middle East tensions remains uncertain, and concerns about rising global inflation are intensifying; second, A-shares are about to enter a period of intensive earnings disclosures, increasing focus on the risks of underperforming results. Both factors will suppress market risk appetite, leading to continued wide-range fluctuations. In the short term, funds may favor sectors with improving prospects. Investors can consider participating in structural market opportunities on a reasonable basis, controlling positions carefully.
In the medium term, the impact of overseas macro events remains, and a trend-based rally is still expected to wait until late April. The market is likely to fluctuate within a wide range, with increased volatility. It is recommended to manage positions prudently and wait for signs of a market turning point. It is important to note that in recent years, regulators have strengthened strategic reserves and stabilized market mechanisms to maintain stability, significantly reducing A-share volatility. The resilience of A-shares relative to foreign markets is expected to remain strong, so excessive worry is unwarranted.