On February 24, affected by geopolitical tensions, A shares fell, precious metals soared, natural gas, electricity, oil and other energy stocks rose, the photovoltaic sector continued to be hot, large infrastructure, lithium extraction from salt lakes, digital currency, “East and West” Plate callback.
On February 24, affected by geopolitical tensions, A shares fell, precious metals soared, natural gas, electricity, oil and other energy stocks rose, the photovoltaic sector continued to be hot, large infrastructure, lithium extraction from salt lakes, digital currency, “East and West” Plate callback.
As of press time, the Shanghai Composite Index fell 1.70%, the Shenzhen Component Index fell 2.20%, and the ChiNext Index fell 2.11%.
Precious metals soar
Gold stocks bucked the trend and rose, with Western Gold, Jingui Silver, and Hunan Gold trading at their daily limit, while China Gold Gold and Shandong Gold rose sharply.
On February 24, spot gold once rose above $1,930 an ounce, up more than 1.2%.
Oil and gas sectors lead gains
The oil and gas sector soared, with Hengtai Aipu, Zhunyou, and Beacon Energy hitting the daily limit, followed by Deshi, Haimo Technology, and Potential Hengxin.
The military sector rose
Tianhe Defense’s daily limit of 20CM was followed by Xinyu Guoke, Chenxi Airlines, and Xinyan shares.
Photovoltaic sector performed better
The first voyage high-tech daily limit, Zhongli Group, Otway, Follett, Trina Solar, etc. followed.
Infrastructure sector callback
Zhengping shares fell by the limit, China Power Construction, Ningxia Building Materials, Xinjiang Communications Construction, etc. fell.
Liquor sector fell the most
Huangtai Wine Industry, Bairun Co., Ltd., and Shuijingfang fell by more than 5%, and Luzhou Laojiao, Jiuguijiu, and Shunxin Agriculture also fell.
Building materials sector callback
Han Jianheshan, Luyang Energy Conservation, Jianlang Hardware fell by the limit, Yuexin Health, China Railway Equipment, etc. fell.
Risk Warning and Disclaimer
Market risk, the investment need to be cautious. This article does not constitute personal investment advice and does not take into account the particular investment objectives, financial situation or needs of individual users. Users should consider whether any opinions, views or conclusions contained herein are appropriate to their particular circumstances. Invest accordingly at your own risk.
