Closing Review: The Shanghai Composite Index Gains and Loses at 4000 Points, Military and Fujian Sectors Surge

The index fluctuated throughout the day, with all three major stock indices closing lower, and the Shanghai Composite Index losing and regaining the 4000-point mark. In terms of sectors, the Fujian sector was strong all day, with Luqiao Information hitting the daily limit up of 30%, Haixia Innovation hitting the daily limit up of 20%, and multiple stocks such as Fujian Cement, Rishang Group, and Zhangzhou Development also hitting the daily limit up; the military industry sector surged in the afternoon, with Jianglong Shipbuilding hitting the daily limit up of 20% and Great Wall Military Industry hitting the daily limit up; the battery sector was active, with Jinfu Technology hitting the daily limit up of 20%; on the downside, the non-ferrous sector fell, with industrial metals leading the decline, and Tongling Nonferrous Metals hitting the daily limit down; the wind power equipment sector weakened, with Daikin Heavy Industries leading the decline; the rare earth permanent magnet sector adjusted, with Xiangming Intelligent leading the decline. Overall, more stocks fell than rose, with over 2900 stocks declining. By the close, the Shanghai Composite Index was at 3988.22 points, down 0.22%; the Shenzhen Component Index was at 13430.10 points, down 0.44%; and the ChiNext Index was at 3229.58 points, down 0.15%. On the market, the cross-strait, military equipment restructuring concept, and China Shipbuilding Industry Corporation sectors saw the largest gains, while precious metals, lead metals, and wind power equipment sectors saw the largest declines