Market Close: The ChiNext Index rebounded after testing lows, down 0.64%. Computing power leasing and power grid equipment concepts rose collectively.

NightAirdropper · 2026-03-09T13:18:38+00:00

On March 9th, the market rebounded after hitting a bottom, with the three major indices narrowing their declines and trading volume increasing to 2.65 trillion. The computing power leasing and electricity sectors performed strongly, with multiple stocks hitting the daily limit; meanwhile, port shipping and oil & gas concepts generally declined. The Shanghai Composite Index closed down 0.67%.

NightAirdropper

2026-03-09 13:18:38

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According to Meiri AI Express, on March 9th, the market bottomed out and then rebounded throughout the day. The three major indices narrowed their declines significantly, with the ChiNext and Shenzhen Composite Index once falling more than 3% during the trading session. The combined trading volume of the Shanghai and Shenzhen markets reached 2.65 trillion yuan, an increase of 447.4 billion yuan compared to the previous trading day.

In terms of sectors, the computing power leasing concept surged rapidly, with Hongbo Shares, Tuowei Information, Hongjing Technology, and others hitting the daily limit. The power sector performed actively, with Shaoneng Shares hitting the limit for two consecutive days, and Yinxing Energy and GCL New Energy Technology also reaching the daily limit. The smart grid equipment concept defied the trend and strengthened, with Guodian South Self and Sanbian Technology hitting the limit, both reaching new historical highs.

On the downside, the port shipping concept collectively declined, with COSCO Shipping Energy taking a sharp plunge. The oil and gas sector opened high but declined later, with Shufa Gas approaching the daily limit during the session, and Zhunyou Petroleum and Intercontinental Oil & Gas pulling back after hitting the limit.

At the close, the Shanghai Composite Index fell 0.67%, the Shenzhen Component Index dropped 0.74%, and the ChiNext Index declined 0.64%.

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