Two major sectors, booming against the trend!

Coal and CPO Concept Sectors Surge Against the Market

The overall performance of the A-share market this morning (March 19) was relatively sluggish. The CPO concept surged significantly, becoming one of the strongest sectors in the morning. Additionally, coal stocks performed strongly, making them one of the most resilient sectors in the morning market.

The Hong Kong stock market also showed weakness this morning, with the Hang Seng Index falling more than 1% intraday.

In the domestic futures market, liquefied gas futures main contracts soared by 10.99%, hitting the daily limit, and reaching a new high for the year intraday.

Coal and CPO Concept Sectors Surge Against the Market

On the morning of March 19, the overall performance of the A-share market was quite sluggish, with major indices falling to varying degrees, and nearly 4,700 stocks declining. By the close of the morning session, the Shanghai Composite Index fell 0.95%, the Shenzhen Component Index dropped 1.11%, and the ChiNext Index declined 0.11%.

In terms of industry sectors and tracks, according to Shenwan’s first-level industry classification, non-ferrous metals sector plummeted, with a decline of over 4%. Longda Co., Ltd. fell more than 9%, and stocks like Shanjin International, Yongxing Materials, Chihong Zinc & Germanium, and Guocheng Mining all declined over 7% intraday.

Steel, basic chemicals, building materials, retail, and real estate sectors also saw significant declines.

The coal sector led the gains, becoming one of the most resilient sectors in the morning. Shaanxi Black Cat hit the daily limit, with Dahuayuan Energy, Shaanxi Coal Industry, and others following suit. Additionally, sectors like telecommunications and utilities also saw notable gains.

In terms of concept sectors, the CPO concept surged sharply, with the Wind Light Module (CPO) index rising over 3% intraday. Changguang Huaxin increased more than 15%, Yuanjie Technology rose over 9%, Huagong Technology and Shijia Photonics gained more than 6%. By midday, the gains had narrowed somewhat.

Hong Kong Market Overall Weak, Eden Software Surges Over 50% Intraday

The Hong Kong stock market also showed weakness this morning, with the Hang Seng Index falling more than 2% intraday.

Among the Hang Seng Index components, Zijin Mining led the decline, dropping over 6%. Stocks like Tencent Holdings, Luoyang Molybdenum, and Lao Puo Gold also declined significantly. Xiaomi Group-W led the gains, rising over 5% intraday.

Among the Stock Connect stocks, Chery Automobile surged more than 9%. Chery’s earnings announcement showed that the group’s revenue for 2025 increased by 11.3% year-over-year to RMB 300.287 billion, up from RMB 269.897 billion the previous year. Net profit for the year increased from RMB 14.334 billion to RMB 19.507 billion.

Another highly volatile Hong Kong stock, Eden Software, surged over 50% intraday.

Eden Software announced last night that its subsidiary, Shenzhen Eden Software Co., Ltd., and Super Fusion Digital Technology Co., Ltd. (“Super Fusion”) officially entered into a strategic cooperation agreement on March 18, 2026.

The cooperation focuses on three core areas: hardware computing power, AI full-scenario application empowerment, and ecosystem co-building. The aim is to leverage each other’s industry advantages to create an integrated system of “computing hardware + AI applications + full-process services,” promoting the integration of computing power and enterprise AI scenarios.

Specific measures include deep collaboration in technology R&D, market expansion, and resource sharing, establishing a joint innovation mechanism; focusing on key industries to jointly develop the “local computing power + AI applications + local large models + OpenClaw” Eden eCopilot Hub integrated solution, which deeply integrates Super Fusion’s leading computing power with Eden’s self-developed AI applications to achieve local inference and data security without cloud deployment, addressing enterprise concerns about data security and deployment barriers.

In terms of product and service capabilities, the joint products will provide customers with integrated, secure, and compliant OpenClaw and large model local deployment capabilities, helping clients achieve data security management, reduce costs, and ensure AI application implementation.

Domestic Liquefied Gas Futures Main Contracts Hit Daily Limit

In the domestic futures market, liquefied gas futures main contracts surged by 10.99%, hitting the daily limit, and reaching a new high for the year intraday.

Low-sulfur oil futures main contracts also surged, with intraday gains exceeding 14% at one point before narrowing later.