NewsFlash / Steel / Shanghai Composite Index Edges Up 0.19% on Lower Volume; Bank Stocks Reach New Highs
Shanghai Composite Index Edges Up 0.19% on Lower Volume; Bank Stocks Reach New Highs
iconMay 14, 2025 11:35
Source:SMM
[Shanghai Composite Index Rises 0.19% in Morning Session on Reduced Volume, as Bank Stocks Including Agricultural Bank of China Hit New Highs] The market experienced volatile differentiation in the morning session, with the three major indices showing mixed changes. The trading volume in the Shanghai and Shenzhen stock exchanges reached 716.9 billion yuan in the morning session, a decrease of 167.1 billion yuan from the previous trading day. Hot topics on the futures market were relatively scattered, with more stocks declining than rising, and over 3,800 stocks across the market falling. From a sector perspective, port and shipping stocks maintained their strength, with Ningbo Maritime and others hitting the daily limit. Chemical stocks remained active, with multiple stocks including Hongqiang Corporation hitting the daily limit. Major financial stocks such as insurance and banking stocks oscillated and strengthened, with multiple stocks including Agricultural Bank of China hitting new highs. On the downside, PV concept stocks underwent a collective correction, with Risen Energy and others falling more than 5%. In terms of sectors, PV, insurance, chemicals, and rare earth permanent magnets were among the top gainers, while PV, precious metals, brain-computer interfaces, and humanoid robots were among the top losers. By the close, the Shanghai Composite Index rose 0.19%, the Shenzhen Component Index fell 0.26%, and the ChiNext Index fell 0.22%.

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