Market Close: The Shanghai Composite Index rebounded after testing lows, up 0.24%. Commercial space and non-ferrous aluminum concepts surged collectively.

Ask AI · Can the market’s rebound after bottoming out continue to drive sector rotation?

[Market Review: Shanghai Composite Index rebounds with a 0.24% increase; commercial aerospace and aluminum concepts surge] Financial Link, March 30 - The market has bottomed out and rebounded, with the three major indices showing mixed results. The Shanghai Composite Index turned positive after previously dropping over 1%, while the ChiNext and Shenzhen Component Index had narrowed declines. The total trading volume in the Shanghai and Shenzhen markets was 1.92 trillion yuan, an increase of 62.6 billion from the previous trading day. On the market front, sector hotspots rapidly rotated, with more stocks rising than falling; over 2,800 stocks in the entire market saw gains. In terms of sectors, the pharmaceutical sector remained active, with Meihua Pharmaceuticals achieving six consecutive limit-ups in seven days, while Jin Pharmaceutical and Lianhuan Pharmaceutical both had two consecutive limit-ups. The commercial aerospace concept rebounded from the bottom, with Shenjian Co. achieving three consecutive limit-ups, and Zhi Sheng Technology had three limit-ups in four days. Guanglian Aviation, Aerospace Power, and Zhongheng Design all hit their daily limits. The aluminum sector remained strong throughout the day, with Minfa Aluminum, Chang Aluminum, Tianshan Aluminum, and Aluminum Corporation of China all reaching their daily limits. The fiber optic concept continued to rise during the day, with Changfei Fiber achieving three limit-ups in five days, setting a new historical high, while Hangzhou Dianzi University shares had three limit-ups in four days, and Farsen had two consecutive limit-ups. On the downside, power stocks plunged, with Huadian Energy, Jinkong Power, and YN Holdings hitting their daily limits. By the close, the Shanghai Composite Index rose 0.24%, the Shenzhen Component Index fell 0.25%, and the ChiNext fell 0.68%.