ChiNext Index Falls 2.29%, Over 4,500 Stocks Across the Market Turn Red

MaticHoleFiller · 2026-03-23T00:15:58+00:00

China's three major indices fell collectively on Tuesday, with the Shanghai Composite Index down 0.85%, the Shenzhen Component Index down 1.87%, and the ChiNext Index down 2.29%. Overall market trading volume decreased, with more than 4,500 individual stocks declining. Insurance and other sectors led gains, while CPO concept stocks experienced widespread pullbacks. Analysts believe the market may exhibit structural movements between technology growth and traditional cyclical stocks going forward.

MaticHoleFiller

2026-03-23 00:15:58

Abstract generation in progress

China Securities Journal, March 17 — On Tuesday, the three major A-share indices all declined. At the close, the Shanghai Composite Index fell 0.85% to 4,049.91 points; the Shenzhen Component Index dropped 1.87% to 14,039.73 points; and the ChiNext Index declined 2.29% to 3,280.06 points.

The combined trading volume of the Shanghai and Shenzhen markets was 2.21 trillion yuan, shrinking by 117.5 billion yuan compared to the previous trading day. Most stocks declined, with over 4,500 stocks falling across the market.

Source: Tonghuashun

In terms of sectors, insurance, chemical fibers, precious metals, and real estate led the gains, while communication equipment, components, non-metallic materials, batteries, and semiconductors saw the largest declines.

CPO concept stocks collectively retreated, with DekeLi dropping over 11%, Guangku Technology, Changxin Bochuang, and Tianfu Communication falling more than 10%, Xinyi Sheng down over 5%, and Zhongji Xuchuang down over 3%.

Regarding individual stocks, the stocks hitting the daily limit include: Shun Na Shares (10.02%), Jinzengda (10.09%), Chitianhua (9.98%), Energy-saving Wind Power (9.90%), and Guosheng Technology (9.98%).

Stocks hitting the daily limit down include: Yibin Technology (-9.99%), Yellow River Cyclone (-10.02%), Tianpu Shares (-10.00%), Jinfang Energy (-10.00%), and Tiantong Shares (-9.99%).

The top five stocks by turnover rate are: Gude Electric Materials, Mirui Technology, Nabaichuan, Tansu Measurement, and Xihua Technology, with rates of 61.822%, 61.237%, 54.218%, 49.428%, and 43.904%, respectively.

Debon Securities analysts believe that looking ahead, the A-share market may continue to exhibit structural characteristics, with rotation between technological growth and traditional cycles likely to become the main theme of the market. (China Securities Journal APP)

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