A-shares closed flat after fluctuating throughout the day, with over 120 stocks hitting their daily limit up.

PANews reported on May 8th that, according to Jinshi, the three major A-share indices opened lower and fluctuated throughout the day. The ChiNext and Shenzhen Component Index both fell by more than 1% intraday, while the STAR Market 50 Index fell by more than 2%. At the close, the Shanghai Composite Index was flat, the Shenzhen Component Index fell 0.5%, the ChiNext Index fell 0.96%, and the Beijing 50 Index rose 2.24%. The combined turnover of the Shanghai and Shenzhen stock exchanges reached 3.05 trillion yuan, exceeding 3 trillion yuan for the third consecutive trading day, a decrease of 95.4 billion yuan compared to the previous trading day. On the market, hot sectors rotated rapidly, with over 3,600 stocks rising, and over 100 stocks hitting their daily limit for the third consecutive day. In the afternoon, the humanoid robot concept sector and the commercial aerospace sector both saw a collective surge. Dianke Lantian hit its 20% daily limit, while Aerospace Development, Luxin Venture Capital, and Aerospace Changfeng also hit their daily limits. Daye Shares achieved three consecutive daily limits, and Julun Intelligent achieved two. The real estate sector continued to strengthen, with Binjiang Group leading the gains. In addition, the lithium extraction sector from salt lakes experienced a volatile correction, with Tianqi Lithium and Ganfeng Lithium both declining. Most battery stocks also fell, with Hunan Yuneng, Tinci Materials, and Tianhua New Energy following suit.

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Author: PA一线

This content is for market information only and is not investment advice.

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