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Morning Review: Shanghai Composite Index rises 0.26%, lithium battery concept stocks surge to hit the daily limit
People’s Finance News, March 27 - The three major A-share indices opened lower but rose during the morning session. As of the midday close, the Shanghai Composite Index was up 0.26%, the Shenzhen Component Index was up 0.93%, and the ChiNext Index was up 0.83%. On the market, the lithium battery concept saw a surge, with over ten stocks including Rongjie Co., Shengxin Lithium Energy, and Jiangte Motor hitting the daily limit. The chemical sector strengthened, with multiple stocks like Chitianhua and Baichuan Co. also hitting the daily limit. The pharmaceutical sector gained strength, with stocks like Menova and Lianhuan Pharmaceutical hitting the daily limit. The coal sector weakened, with Liaoning Energy hitting the daily limit down. The food and beverage, rare earth permanent magnet, and precious metals sectors also saw significant gains, while transportation infrastructure, electricity, and insurance sectors experienced notable declines.