April 2 Midday Market Review: ChiNext Falls 1.78%, Oil, Gas, and Pharmaceutical Stocks Strengthen Against Trend

The market fluctuated and adjusted in the morning, with the Shenzhen Index and ChiNext both falling by more than 1%. Oil and gas stocks strengthened against the trend, with BHPCC, HSPC, Beken Energy, and Lanyanh Holdings hitting their daily limits. Pharmaceutical stocks were repeatedly active, with TJPC logging its fifth consecutive daily limit-up, and PKU Healthcare, Yibai Pharmaceutical, and Chongqing Pharmaceutical hitting the daily limit. The shipping sector surged during the session, with CMES touching the daily limit and its share price reaching a record high. On the downside, film and television stocks retreated, with Jinyi Media hitting the downward daily limit; the computing power leasing concept underwent adjustment, with UCloud and Sinnet falling over 7%. Losers outnumbered gainers, with over 4,200 stocks across the Shanghai, Shenzhen, and Beijing markets in the red, and morning turnover totaled 1.2 trillion yuan. At the midday close, the SSE Index fell 0.53%, the Shenzhen Index dropped 1.15%, and ChiNext fell 1.78%.