March 12th Midday Review: The ChiNext Index fell 1.67% in half a day, while the energy and chemical sector strengthened against the trend

The market experienced fluctuations and adjustments in the morning, with the Shenzhen Component Index and the ChiNext Index both falling over 1%. The chemical sector performed strongly against the trend, with JINNIU CHEMICAL hitting the limit up for 5 out of 9 days, and stocks like LuHua Technology and Baichuan Co., Ltd. also reaching the limit up. The coal sector collectively surged, with China Coal Energy hitting the limit up and reaching an 18-year high, while Yanzhou Coal Mining and Zhengzhou Coal Electricity also hit the limit up. Carbon fiber concept stocks were active, with Zhongfu Shenying, Jilin Chemical Fiber, and Jiangnan High Fiber all hitting the limit up. On the downside, the military industry sector fell, with Hangya Technology dropping over 7%. Most individual stocks declined, with over 4,000 stocks in the Shanghai, Shenzhen, and Beijing markets showing red, and the morning trading volume reaching 1.61 trillion. At the midday close, the Shanghai Composite Index fell 0.64%, the Shenzhen Component Index fell 1.35%, and the ChiNext Index fell 1.67%