---
title: "March 9th midday closing review: The Shenzhen Component Index and the ChiNext Index both fell over 2%, while the oil and gas, and chemical sectors surged against the trend"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278315730.md"
description: "On March 9th, the Shanghai Composite Index closed down 1.13%, the Shenzhen Component Index down 2.14%, and the ChiNext Index down 2.42%. The market experienced fluctuations and adjustments in the morning, with the oil and gas and chemical sectors rising against the trend. Keli Co., Ltd. and SINOGEO rose over 10%, while Chitianhua and LTH hit the daily limit. The power and power grid equipment sectors performed strongly, with SAC and San Bian Sci-Tech hitting the daily limit and reaching new highs. Overall, more stocks fell than rose in the market, with over 4,500 stocks in the Shanghai, Shenzhen, and Beijing markets showing declines, and the morning trading volume reached 1.8 trillion"
datetime: "2026-03-09T03:31:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278315730.md)
  - [en](https://longbridge.com/en/news/278315730.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278315730.md)
---

# March 9th midday closing review: The Shenzhen Component Index and the ChiNext Index both fell over 2%, while the oil and gas, and chemical sectors surged against the trend

The market experienced fluctuations and adjustments in the morning, with the Shanghai Composite Index falling over 1%, and the Shenzhen Component Index and ChiNext Index dropping over 2%. The oil and gas sector surged against the trend, with KeLi Co., Ltd. and SINOGEO rising over 10%. Chemical stocks performed actively, with Chitianhua and LTH hitting the daily limit. The power and grid equipment sectors rose, with SAC and San Bian Sci-Tech hitting the daily limit and reaching new highs. On the downside, computing hardware stocks like CPO adjusted, with Zhongfu Circuit falling over 10%. Most individual stocks declined, with over 4,500 stocks in the Shanghai, Shenzhen, and Beijing markets showing losses, and a total transaction volume of 1.8 trillion in the morning session. At the midday close, the Shanghai Composite Index fell 1.13%, the Shenzhen Component Index fell 2.14%, and the ChiNext Index fell 2.42%

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