--- title: "The three major A-share indices closed slightly higher, with a surge in chemical stocks hitting the daily limit" type: "News" locale: "en" url: "https://longbridge.com/en/news/281846542.md" description: "The three major A-share indices closed slightly higher, with the Shanghai Composite Index rising 0.26% to 3,890.16 points, the Shenzhen Component Index up 0.36% to 13,400.41 points, and the ChiNext Index increasing 0.36% to 3,160.82 points. The trading volume was 1.61 trillion yuan, a decrease from the previous day. Chemical stocks performed outstandingly, with over 30 individual stocks hitting the daily limit, and rare earth stocks also surged. Guotai Junan Securities pointed out that the oil transportation industry has entered a high prosperity phase and is expected to remain at a high level in the future. The large financial sector declined, with insurance stocks leading the drop" datetime: "2026-04-07T07:49:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281846542.md) - [en](https://longbridge.com/en/news/281846542.md) - [zh-HK](https://longbridge.com/zh-HK/news/281846542.md) --- # The three major A-share indices closed slightly higher, with a surge in chemical stocks hitting the daily limit According to Dongfang Caifu Network, on April 7, the three major A-share indices collectively rose slightly today, with the Shanghai Composite Index up 0.26%, closing at 3,890.16 points; the Shenzhen Component Index up 0.36%, closing at 13,400.41 points; and the ChiNext Index up 0.36%, closing at 3,160.82 points. The total transaction volume of the Shanghai and Shenzhen markets was 1.61 trillion yuan, a decrease of 42.1 billion compared to the previous trading day. Most industry sectors rose, with rare earths, chemical raw materials, agricultural chemicals, petroleum and petrochemicals, coal, small metals, and agriculture, forestry, animal husbandry, and fishery sectors leading the gains, while the insurance and banking sectors saw the largest declines. In terms of individual stocks, over 3,900 stocks in the market rose, with 101 stocks hitting the daily limit. Rare earth stocks surged, with Zhong Rare Earth hitting the daily limit. The chemical sector experienced a wave of limit-ups, with over 30 chemical stocks including Chitianhua, Lutianhua, Liuhua Co., Ltd., Cuhua Co., Ltd., and Jinniu Chemical hitting the daily limit. Guotai Junan Securities believes that the oil shipping industry has entered a high prosperity phase, with strategic value becoming prominent. Oil shipping will enter a high prosperity phase by 2025, and the situation in the Middle East in 2026 will provide opportunities for changes in the gray market, expecting super high prosperity to continue. 1. Short-term: Disruptions in trade due to blocked passage through the Strait of Hormuz, with recent shipments from Dabu Port and the US Gulf gradually increasing, regional price differences and urgent shipping continue to support high freight rates. 2. Mid-term: If the Strait resumes navigation, the utilization rate of oil shipping capacity will recover to a high level, and energy strategic security may drive global replenishment and urgent shipping demand, combined with the control of shipping capacity by Changjin Shipping, high prosperity can be sustained. 3. Long-term: If sanctions on the gray market are lifted, its exports will shift to compliant demand, while the related shadow fleet will find it difficult to return to the compliant market, leading to super high prosperity in oil shipping. On the downside, the large financial sector fell, with insurance leading the decline, as China Pacific Insurance and China Life Insurance fluctuated downwards. Many stocks in the innovative drug concept weakened, with Lianhuan Pharmaceutical hitting the daily limit, and Laimei Pharmaceutical, Rundu Co., Ltd., and Guangshengtang experiencing significant declines. **This article is an exclusive piece from Observer Network and may not be reproduced without authorization.** ### Related Stocks - [516150.CN](https://longbridge.com/en/quote/516150.CN.md) - [516780.CN](https://longbridge.com/en/quote/516780.CN.md) ## Related News & Research - [Mabwell Wins Wider China Indications for Denosumab Biosimilar as Global Push Accelerates](https://longbridge.com/en/news/287103520.md) - [02:10 ETNotice to attend the Annual General Meeting in Minesto AB](https://longbridge.com/en/news/287165929.md) - [Singlife's heritage income plan locks payouts up to 150 years](https://longbridge.com/en/news/287151153.md) - [Chinese tankers exit Strait of Hormuz with 4 million barrels of crude oil](https://longbridge.com/en/news/286989444.md) - [12:45 ETInventHelp Inventor Develops New Bandage Dispenser (TLS-1305)](https://longbridge.com/en/news/286946419.md)